In a significant move to accelerate the deployment of private capital for climate action in developing economies, the CC Facility announced it has granted USD 870,000 to three innovative blended-finance vehicles targeting markets in Southeast Asia and Sub-Saharan Africa. This latest cohort marks a strategic investment in early-stage instruments designed to mobilise institutional funding and unlock climate-positive investments in regions that have long been under-banked.

The CC Facility is a joint initiative by the Climate Policy Initiative (CPI) and Convergence, backed by anchor donors such as the Bill & Melinda Gates Foundation, Global Affairs Canada, and Australia’s Department of Foreign Affairs and Trade. It supports “market-ready” blended-finance vehicles by providing grants of up to USD 500,000, along with up to 18 months of tailored technical assistance. The goal: help these vehicles bridge from pilot or proof-of-concept into scalable, investable platforms.

Selected Grantees & Their Focus

• SEA-Fund (Southeast Asia Blue Innovation Facility): Structured as a USD 450 million sustainability bond or asset-backed security for maritime decarbonisation, paired with a USD 50 million venture-capital fund for early-stage ocean-tech and climate-tech start-ups in the region.

• ReCa (Regenerative Capital Fund): A USD 400 million blended-equity vehicle aiming to mobilise institutional investment into regenerative agriculture and nature-based solutions across Sub-Saharan Africa, emphasising long-term, climate-aligned, inclusive agri-food investment.

• FTB Green Credit Facility: A USD 160 million programme providing affordable long-term loans and guarantees to Cambodian banks and businesses to invest in green projects, covering both mitigation and adaptation.

According to funders, each of these vehicles stood out from a pool of over 500 submissions worldwide. Selection criteria emphasised strong potential for private-capital mobilisation, alignment with climate mitigation or adaptation outcomes, and readiness to scale in developing-economy contexts.

Why This Matters

The “acceleration stage” of climate-finance vehicles—moving from concept to full scale—is recognised as one of the most difficult gaps in the global climate-finance architecture. Although much of the discourse focuses on the size of climate-finance flows, less attention is paid to the early-stage structuring barriers: lack of concessional capital, weak track record, investor risk perceptions, and limited technical support. The CC Facility aims to plug precisely this gap.

By providing catalytic grant funding and technical advisory support, the Facility helps vehicles become “investment-ready,” improve their governance and impact frameworks, carry out detailed due diligence, refine structures to attract institutional investors, and launch quickly. The hope is that one day these vehicles will close the “valley of death” between promising innovation and full-scale deployment, thereby unlocking far larger inflows of private capital into climate solutions.

From Grant Support to Real-World Impact

For example, SEA-Fund hopes that CC Facility support will help shorten its time-to-market and validate its blended-finance structure for maritime decarbonisation—an area often overlooked in climate-finance conversations. ReCa is using the grant to refine impact and gender metrics, strengthen investor-readiness, and accelerate capital raising for nature-based agricultural investment. In Cambodia, the FTB Green Credit Facility is building out green-loan frameworks and governance systems, aiming to bring private-sector finance into the green-transition equation in a lower-income country context.

Looking Ahead

While USD 870,000 may seem modest in the context of trillions of dollars in global climate-finance needs, the value lies in the catalytic nature of this funding. If just one of these vehicles succeeds in unlocking hundreds of millions in private capital, the ripple effect could be substantial. The CC Facility’s ambition is to grow the pipeline of investable climate-finance instruments, strengthen markets in Asia and Africa, and ultimately drive more capital into the real economy of mitigation and adaptation.

As one CC Facility partner put it: “In an era of diminishing foreign aid, blended-finance initiatives like ours are proving indispensable—fast-tracking climate solutions that deliver impact and mobilise capital at scale.”