Climate Fund Managers completes first closing of GAIA Climate Loan Fund SCSp

Client(s) Climate Fund Managers B.V.

Jones Day is advising Climate Fund Managers B.V. on the first closing of GAIA Climate Loan Fund SCSp, an alternative investment fund set up in Luxembourg, for the purpose of deploying capital into climate adaptation and mitigation investments to eligible countries. FinDev Canada, MUFG (Japan and UK) and the GCF are the cornerstone investors with initial capital commitments of $600 million.