FinDev Canada Invests in Climate Finance Fund

NEW YORK, Sept. 23, 2026 /CourierPR/ -- Canada’s bilateral development finance institution, FinDev Canada, has announced a $33 million commitment to the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), a private debt fund structured as a blended finance vehicle that has achieved its first close of $250 million. The fund has received commitments from private-sector institutional investors, including Aviva Life and Daido Life Insurance Company, as well as Schroders and British International Investment (BII).

The Fund will provide senior loans to financial institutions that channel climate finance to small and medium-sized enterprises (SMEs) and to companies directly. The target markets include Asia-Pacific, Africa, and Latin America. This origination strategy seeks to combine attractive risk-adjusted returns with measurable climate impact.

The Fund represents the first blended finance vehicle focused on emerging and development markets to issue notes with a publicly available investment-grade A3 rating assigned by Moody’s, a leading international credit rating agency under its closed-end fund methodology.

As extreme climate events increase, demand for climate finance could exceed $9 trillion annually to avoid the worst impacts of climate change. To help close this growing gap, the Fund aims to allocate at least 80% of its portfolio to climate mitigation and adaptation activities across various sectors, including renewable energy, sustainable agriculture, green buildings, sustainable transport, and solar energy.

This commitment supports Canada’s goal of building stronger relationships across Asia-Pacific, Africa, and Latin America, where new trade agreements and dynamic markets are creating more economic opportunities and strengthening sustainable development. Additionally, it advances collaboration with the private sector and strengthens the partnership with BII, building upon the memorandum of understanding signed in 2025.

FinDev Canada is a development finance institution that invests in emerging markets to deliver development impact, financial returns, and shared economic prosperity. They provide debt, equity, blended finance, technical assistance, and advisory across infrastructure, agribusiness, and the financial industry in developing economies to support development through the private sector.

BlueOrchard is a leading global impact investment manager with a long-standing track record of delivering financial returns alongside measurable social and environmental outcomes. Established in 2001 as part of a United Nations initiative, the firm has been a pioneer in impact investing, with a particular focus on emerging and frontier markets. With more than two decades of experience, global reach and deep local expertise, BlueOrchard offers a broad range of impact investment strategies designed to meet the needs of institutional, private, and public investors. These solutions provide access to high-growth markets while supporting job creation and sustainable economic development. The firm has invested billions of dollars across more than 100 countries, benefiting millions of underserved micro, small, and mid-sized enterprises.