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Laxman Pai, Opalesque Asia:

Paris-based global bank BNP Paribas has launched a climate impact infrastructure debt fund, designed to finance climate change mitigation.

BNP Paribas Climate Impact Infrastructure Debt is targeting €500m to €750m from institutional investors, including a seeding commitment from sister company BNP Paribas Cardif.

Managed by the French firm's private assets division, the fund is structured as a Luxembourg reserved alternative investment fund (RAIF) and classified as Article 9 under SFDR.

It will have an investment-grade profile and is expected to allocate to transactions in continental European countries, supporting energy transition projects that are in line with its investment philosophy by focusing on renewable energy, clean mobility, and the circular economy, including new sectors such as batteries, hydrogen, and carbon capture.

Three investments have already been secured for the fund, with financing for a low-carbon energy producer, a green-sourced district heating platform, and a portfolio of onshore wind farms, according to a media release.

The collaboration within the BNP Paribas Group will ensure unique and scalable origination from both the wider market and internal origination teams.

Sourcing capability will benefit from the market-leading origination capabilities of BNP Paribas CIB's Low Carbon Transition Group, with more than 200 dedicated investment professionals advising on and originating low carb......................

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