# Climate Fund Managers

Climate Fund Managers is an Asset Manager based in The Hague, Netherlands.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** The Hague, Netherlands
- **Region:** Europe
- **Address:** The Hague, Netherlands
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** climatefundmanagers.com

## Regulatory record

- **CRD number:** 329507
- **SEC file number:** 802-129434
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/329507

## About

Climate Fund Managers B.V. is a registered investment adviser with the SEC, based in The Hague. It provides investment management services to institutional clients. The firm focuses on climate-related investments.

## Sectors

- Energy Transition & Renewables
- ClimateTech
- Infrastructure
- Water

## Offices

- Singapore
- Cape Town
- Bogotá

## People

- Andrew Johnstone — Chief Executive Officer
- Sebastiaan Surie — Chief Financial and Risk Officer

## Questions

### How is Climate Investor One structured?

Climate Investor One uses a two-fund architecture: a construction-equity fund that finances the build-out of renewable-energy projects, and a separate refinancing fund that provides long-term hold capital once projects are operational. The refinancing fund targets institutional limited partners seeking stable, inflation-linked cash flows from operating assets, while the construction-equity fund absorbs earlier-stage development and construction risk.

### Which geographies does the firm focus on?

CFM invests across Africa, Asia, and Latin America, with a particular concentration in sub-Saharan Africa. The firm maintains origination and asset-management offices in Cape Town, Singapore, and Bogotá to support in-region sourcing and monitoring. The Redstone concentrated solar plant in South Africa and a series of Ugandan run-of-river hydroelectric assets are among its named emerging-market investments.

### Who anchors Climate Fund Managers as a cornerstone investor?

The Dutch development bank FMO anchored the firm at its founding in 2015, contributing to the blended-finance structure and shaping the fund's governance. The Green Climate Fund, the European Union, and several European pension funds have since committed across CFM's vehicles.

### Does Climate Fund Managers disclose total AUM?

The firm does not publish a consolidated AUM figure. Its flagship blended-finance vehicles have publicly reported closes — Climate Investor One reached $850 million by 2019, and Climate Investor Two held a first close at $675 million in 2021 — but total deployment across mandates remains undisclosed.

### What is the relationship between CFM and Dutch development bank FMO?

FMO provided seed funding and conceptual support for CFM's launch and continues to participate as an anchor limited partner in the firm's funds. The relationship is structured at arm's length, with CFM operating as an independent fund manager making its own investment decisions through dedicated fund investment committees, while FMO's concessional capital layers within the blended-finance stacks.

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Last updated: 2026-06-03T20:00:00.000Z

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