Fund vehicle

Infrastructure Climate Resilient Fund (ICRF)

Compiled from public sources

The Infrastructure Climate Resilient Fund (ICRF) is a pioneer blended finance vehicle established by AFC Capital Partners to address Africa’s urgent need for climate-adapted infrastructure. The fund integrates scientific climate-resilience measures into the planning, design, and operation of essential infrastructure assets. It targets both greenfield and brownfield projects, employing a "buy and grow" strategy for existing platforms while supporting the development of new, climate-proofed assets. Its primary objective is to bridge Africa's infrastructure deficit while ensuring investments can withstand extreme weather events and rising temperatures. The fund utilises catalytic first-loss equity from concessional donors to de-risk investments for commercial and institutional investors.

Manager

AFC Capital Partners

Vintage

2024

Strategy

Infrastructure

Target size

$750m

Size

$253m

Status

Active