British International Investment backs new $1bn development fund

James Murray
clock • 3 min read
The launch of the new ACE fund
Image:

The launch of the new ACE fund

Development finance agency to act as anchor for new Allianz Credit Emerging Markets fund, which promises to back wave of renewables, clean transport, and agriculture projects

The UK's development finance body, British International Investment (BII), has today been confirmed as an anchor investor for the new $1bn Allianz Credit Emerging Markets fund (ACE). The new blended...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Big Nature Impact Fund raises £65m for nature restoration across England

Big Nature Impact Fund raises £65m for nature restoration across England

The UK's 'largest ever' nature-as-infrastructure fund blends public and private capital for the first time to support long-term restoration projects

clock 29 May 2026 • 4 min read
Study: Physical climate risks emerging faster than financial frameworks are adapting

Study: Physical climate risks emerging faster than financial frameworks are adapting

CISL calls for renewed effort to fold physical climate hazards, insurance adequacy, and adaptation and resilience investments into standard credit assessments

Stuart Stone
clock 26 May 2026 • 4 min read
Europe brings global sustainable funds back to inflows but US redemptions continue

Europe brings global sustainable funds back to inflows but US redemptions continue

Jack Roach, Investment Week
clock 22 May 2026 • 2 min read