responsAbility Investments has completed the fifth close of its Asia Climate Strategy, raising total commitments to $460 million, as it moves towards a final target of $500 million.
The latest close includes $46 million in new commitments from Anthos Fund & Asset Management, Calvert Impact Capital, and the International Finance Corporation (IFC). The strategy focuses on financing low-carbon solutions across Asia, with the aim of delivering significant carbon emissions reductions over the lifetime of its investments.
The fund is supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) through KfW, using a blended finance structure that combines public and private capital. responsAbility said this approach is intended to mobilise commercial investment at scale and channel funding into projects that support the energy transition in South and Southeast Asia.
Priority investment areas include renewable energy, energy efficiency, battery storage and electric mobility. IFC increased its previous commitment to the strategy, aligning with its focus on decarbonising energy and transport systems in emerging Asian markets.
The Asia Climate Strategy applies a climate impact assessment and monitoring framework that measures emissions reductions before and after investment, using standardised baselines and verified data. The fund’s governance structure links carried interest to both financial performance and climate impact through a dedicated impact hurdle.
Anthos Fund & Asset Management said its investment reflected a focus on financially viable climate solutions with measurable real-world impact. Calvert Impact Capital said the strategy demonstrated how public and private capital could be combined to scale climate solutions in emerging markets.
Stephanie Bilo, chief client and investment solutions officer at responsAbility, said: “With this closing we are seeing sustained demand from commercial and values-driven investors who seek attractive risk-adjusted returns together with measurable climate outcomes.”
responsAbility said the strategy targets sectors with high emissions-reduction potential and aims to avoid around 16 million tonnes of CO₂ over the lifetime of its assets, as Asia faces rising energy demand and mounting climate risks.
