Investment

The Renewable Energy Asia Fund II (REAF II) makes investments in renewable energy projects that generate clean energy as well as address socio-economic needs by providing access to power to developing areas of India, Indonesia, and the Philippines that lack electricity. These equity investments include on-grid solar, wind, waste-to-energy and hydropower projects of between 5 and 100 MW. REAF II bridges the gap between local project developers and international investors looking for renewable energy projects in Southeast Asia while at the same time helping shift power generation away from fossil fuels.

Commitment Date

September 2017

Term

10 years plus two 1-year extensions

Amount Committed

$700,000 US Dollars

Capital Called

$699,000 (99%)

North Sky Capital is a leading cleantech equity fund manager. Alliance II will invest in a diversified portfolio of 15–20 small- to mid-sized clean energy infrastructure projects across North America. The Fund’s goals are to generate financial return coupled with the creation of union job hours as well as renewable power generation assets.

Regions Impacted

USA

Commitment Date

June 2015

Term

10 years with three 1-year extensions

Amount Committed

$250,000 US Dollars

Capital Called

$250,000

Capital Returned

$36,340

This Fund managed by New Energy Capital (NEC) is focused on investing debt and equity in power generation, energy infrastructure and other clean energy and clean infrastructure related assets. NEC works with local developers who identify unique small- and mid-sized opportunities that offer risk-adjusted returns that do not fit the profile or scale requirements for large infrastructure funds.

Regions Impacted

USA

Commitment Date

February 2016

Term

Five years

Amount Committed

$1,250,000 US Dollars

Capital Called as of June 30, 2022

$1,187,000 (95%)

Capital Returned

$988,286

Impact Metrics for 2018

• 2,060,000 metric tonnes of GHG emission avoided

The MicroVest Short Duration Fund (MV) mission is to facilitate and bolster capital markets for low-income populations worldwide. MV is committed to addressing the capital needs of the working poor through investment vehicles that deliver a double bottomline of financial returns and development impact. MV provides short- and medium-term debt financing and term deposits in low-income financial institutions (LIFIs), which include microfinance institutions (MFIs), small- and medium-enterprise (SME) banks and community development financial institutions (CDFIs) located in the US and internationally.

Regions Impacted

Wide global footprint

Investment Date

August 2013

Amount Invested

$900,000 US Dollars

The Lyme Timber Company is a private timberland investment management organization that focuses on the acquisition and sustainable management of lands with unique conservation values. Income from properties in Fund IV comes from the sale of easements that restrict development on lands but allow income generation from sources such as sustainable timber harvesting, recreational leasing, the sale of carbon-offset credits, and alternative energy supply agreements. All working timberland properties in Fund IV are third-party certified by one or both of the leading sustainable forestry certification programs.

Regions Impacted

Tennessee, Florida, Northern California, Wisconsin, West Virginia

Commitment Date

April 2014

Term

12 years plus up to four 1-year extensions

Amount Committed

$500,000 US Dollars

Capital Called

$500,000 (100%)

Liberation Capital makes project-level investments in the waste-to-value and renewable fuels sectors. Liberation finances facilities that reduce demand for natural resources, particularly fresh water and fossil fuels. The firm achieves this by creating high-value products from waste streams (e.g., used tires) rather than through the use of natural resources. Liberation also helps to prevent the dumping of various waste materials like contaminated water, plastic bottles, used car tires, and MSW (municipal solid waste: paper, food scraps, yard trimmings, etc.).

Regions Impacted

USA

Commitment Date

May 2013

Term

8 years from initial close, with two 1-year extensions

Amount Committed

$449,000 US Dollars

Capital Called

$449,000 (100%)