Robeco in $400m three-way low carbon Asia venture


elements-2-1077815-mRobeco Institutional Asset Management, Japanese financial services company ORIX Corporation and the Asian Development Bank have formed Asia Climate Partners to invest in low-carbon companies across the continent.

The ACP fund currently has $400m in its coffers which has been invested by the founding partners. Target investments from the vehicle will include companies in the renewable energy, clean technology, natural resource efficiency, water and forestry sectors.

ADB director general Todd Freeland said, ACP will benefit from the combined strengths of Robeco as a global asset manager and ORIX and ADB, which are two of the most active and successful investors in the low-carbon sector in Asia.

“The substantial resources that the founding partners are committing to ACP will help position it as the pre-eminent investor in this asset class in Asia from day one, and represents a clear signal of the depth of our collective belief in the investment strategy and its return potential.”

The Who’s Winning the Clean Energy Race report published last year found that investment in renewable energy declined overall in 2012 but China managed to attract 20 per cent more that year than in 2011, with $65.1bn invested in its clean energy companies.

Three years ago the Asian Development Bank committed $60m to three clean tech-focused venture capital funds Aloe Environment Fund III, Keytone Ventures II, and VenturEast Life Fund III.

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