- Development of pre-feasibility studies
- Development of feasibility studies
- Project financial structuring
Climate Investor Two (CI2) is Climate Fund Managers (CFM) second blended finance facility, delivering water, sanitation, and oceans infrastructure projects in emerging markets. Established in 2019, the fund reached its third close on 2 November 2023 with USD 875 million in commitments and is targeting a final close of USD 1 billion by 2025.
CI2 employs a mix of public and private-sector funding as well as commitments from development finance institutions (DFIs), all in mutually beneficial and complementary ways.
The CI2 Development Fund funds up to 50% of the planning and development stage of a project in the CI2 pipeline. It offers both technical assistance and financing.
CI2 is managed by Climate Fund Managers (CFM).
This page is specific to CI2's Development Fund. For more information about Climate Investor Two generally, click here.
CFM has the following criteria for identifying suitable projects for funding:
- The project is located in Africa, Latin America or Asia
- It is located in a low, lower-middle or upper-middle income country
- It aligns with the technological focus of CI2
- The project sponsor or developer also has access to a minimum of 25% of its own equity contribution towards construction costs
- Minimum ticket size of USD 10 million