Fund vehicle

Hardest-to-Reach Initiative

Compiled from public sources

The Hardest-to-Reach Initiative is a blended finance strategy designed to expand access to clean and affordable energy for low-income populations in Africa's most underserved markets. The fund uses a dual-vehicle structure: H2R Catalyse provides patient capital (equity, debt, and grants) for early-stage off-grid solar companies, while H2R Amplify is a debt facility offering impact-linked loans and receivables-backed financing to help more established solar companies manage working capital and scale. The core sector focus is off-grid solar (OGS), targeting countries in Sub-Saharan Africa with low electrification rates and high poverty levels.

Manager

Acumen Capital Partners LLC

Vintage

2023

Strategy

Venture Capital

Target size

$250m

Size

$250m

Status

Closed