• The InsuResilience Investment Fund Private Equity (IIF PE II) mobilises private sector capital to support climate change adaptation and build resilience in emerging markets.
  • The Fund is a joint initiative between BlueOrchard, a global impact investment manager and member of the Schroders Group, and KfW, the German development bank, who is acting on behalf of the German government under the InsuResilience Global Partnership.
  • Over USD 50million raised at second closing.

Zurich, 4 July 2023 – IIF PE II aims to build resilience against climate change and provide affordable climate risk insurance protection to vulnerable populations and small businesses. It follows in the footsteps of its predecessor, whose nine portfolio companies have so far provided insurance cover to over 48 million beneficiaries in more than 45 countries (as of June 2023).

With Igloo and Newe, IIF PE II has already made notable investments in two innovative companies in the climate insurance sector.

Igloo is a Singapore-based insurtech company with operations in seven South and East Asian markets that has on average tripled its revenues each of the last three years. In the area of climate insurance, the firm is contributing to protecting smallholder farmers in the Philippines from natural disasters and has launched an innovative weather insurance product for farmers in Vietnam.

Newe is a leader in agricultural insurance in Brazil, the agricultural powerhouse of Latin America. Together with IIF PE II, the firm is looking to extend agricultural insurance to the more than four million smallholder farmers in the country.

“We see a strong pipeline of opportunities for our strategy as the climate insurance ecosystem in our target markets enters the growth phase. Scalability and affordability of the offering, as well as technological expertise and operational excellence, are critical to succeed in this space. With our unique network and expertise, we are the partner of choice for many of the firms that excel in these areas,” said Martín Diaz Plata, Head of Private Equity Investments at BlueOrchard.

“We are delighted by the trust and continued strong interest from investors. The unique character of the strategy, which provides climate insurance solutions for the most vulnerable populations and businesses, is recognised. Investing in climate adaption is not only a climate investment imperative, but also a commercial opportunity,” said Felix Hermes, Head of Private Equity & Sustainable Infrastructure at BlueOrchard.

 

For further information, please contact:

Tahmina Theis
Head of Communications, BlueOrchard Finance Ltd
+41 22 596 47 69
tahmina.theis@blueorchard.com

 

 

About BlueOrchard Finance Ltd

BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneering impact investor, the firm is dedicated to generating lasting positive impact for communities and the environment, while aiming at providing attractive returns to investors. BlueOrchard was founded in 2001, by initiative of the UN, as the first commercial manager of microfinance debt investments worldwide. Today, the firm offers impact investment solutions across asset classes, connecting millions of entrepreneurs in emerging and frontier markets with investors with the aim to make impact investment solutions accessible to all and to advance the conscious use of capital. Being a professional investment manager and expert in innovative blended finance mandates, BlueOrchard has a sophisticated international investor base and is a trusted partner of leading global development finance institutions. To date, BlueOrchard has invested over USD 10 billion across more than 105 countries. 260 million underserved people and MSMEs in emerging and frontier markets received access to financial and related services with the support of BlueOrchard as of December 2022. For additional information, please visit: www.blueorchard.com.

 

Disclaimer:

The information in this publication was produced by BlueOrchard Finance Ltd (“BOF”) to the best of its present knowledge and belief. However, all data and financial information provided is on an unaudited and “as is” basis. The opinions expressed in this publication are those of BOF and its employees and are subject to change at any time without notice. BOF provides no guarantee with regard to the accuracy and completeness of the content in this publication and BOF does not under any circumstance, accept liability for any losses or damages which may arise from making use of, or relying upon any information, content or opinion provided by BOF in this publication. This publication may contain references or links to other publications and websites and BOF has not reviewed such other publications and websites and is not responsible in any way in relation to the content of such publications and websites. The information in this publication is the sole property of BOF unless otherwise noted, and may not be reproduced in full or in part without the express prior written consent of BOF. All investments involve risk. We note specifically that past performance is not an indication of future results. Emerging markets impact investments involve a unique and substantial level of risk that is critical to understand before engaging in any prospective relationship with BOF and its various managed funds. Investments in emerging markets, particularly those involving foreign currencies, may present significant additional risk and in all cases the risks implicated in this disclaimer include the risk of loss of invested capital. The materials provided in this publication are for informational purposes only and nothing in this publication can be construed as constituting any offer to purchase any product, or a recommendation/solicitation or other inducement to buy or sell any financial instrument of any kind and shall not under any circumstances be construed as absolving any reader of this publication of his/her responsibility for making an independent evaluation of the risks and potential rewards of any financial transaction. We note in particular that none of the investment products referred to in this publication constitute securities registered under the Securities Act of 1933 (of the United States of America) and BOF and its managed/advised funds are materially limited in their capacity to sell any financial products of any kind in the United States. No investment product referenced in this publication may be publicly offered for sale in the United States and nothing in this publication shall be construed under any circumstances as a solicitation of a US Person (as defined in applicable law/regulation) to purchase any BOF investment product. The information provided in this publication is intended for review and receipt only by those persons who are qualified (in accordance with applicable legal/regulatory definitions) in their respective place of residence and/or business to view it, and the information is not intended under any circumstances to be provided to any person who is not legally eligible to receive it. Any recipient of information from this publication who wishes to engage with BOF in furtherance of any transaction or any relationship whatsoever must consult his/her own tax, legal and investment professionals to determine whether such relationship and/or transaction is suitable. By no means is the information provided in this document aimed at persons who are residents of any country where the product mentioned herein is not registered or approved for sale or marketing or in which dissemination of such information is not permitted. BOF disclaims all liability for any direct or indirect damages and/or costs that may arise from the use of (whether such use is proper or improper), or access to, this publication (or the inability to access this publication).

Copyright © 2023, BlueOrchard Finance Ltd. All rights reserved.