FinDev Canada, the nation’s bilateral development finance institution, has pledged USD 33 million to the BlueOrchard Climate Action Mobilisation Fund (BOCAMF). This private debt fund, which operates as a blended finance vehicle, successfully reached its initial closing at USD 250 million. The fund secured backing from several institutional investors, including Aviva Life, Daido Life Insurance Company, Schroders, and British Investment (BII).
The fund intends to issue senior loans to <a s, a prominent international credit rating agency, utilizing its methodology for closed-end funds.
