IFC, UK Pour $153M Into PE Fund For Green Projects

Law360, New York (January 27, 2012, 4:29 PM EST) -- The International Finance Corp. and the U.K. have agreed to invest about $153.5 million into a private equity fund for eco-minded companies in emerging markets, Washington-based IFC announced Friday.

The IFC Climate Catalyst Fund LP, which focuses on companies delivering resource efficiency and low-emission products and services in up-and-coming markets, will get a boost of up to $75 million from its financing parent company, IFC. The U.K. has also approved an investment of £50 million ($78.5 million) from its own International Climate Fund.

“Addressing climate change...
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