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    Reference: 20170945
    Release date: 13 April 2018

    Promoter – Financial Intermediary




    CRAFT is an investment fund targeting private companies providing climate resilience solutions in order to drive adaptation to Climate Change. Companies will operate in or develop climate solutions for developing countries. The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners.


    CRAFT would be the first EIB-supported investment fund dedicated to climate change adaptation and climate-resilience solutions. It is targeting private companies providing solutions to enhance adaptation and resilience to climate change, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. With a generalist approach the fund will benefit projects in Asia, Africa and the Americas investing growth equity in companies that provide data, tech-enabled services and products to manage the risks and impacts amplified by climate change.


    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 27 million (EUR 24 million)

    Total cost (Approximate amount)

    USD 250 million (EUR 219 million)

    Environmental aspects

    The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.


    Not Applicable


    Signed - 11/12/2019


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - Africa Regional - Asia Regional - Latin America Services