Impact investing boutique Blue Orchard has announced the final closing of the InsuResilience Investment Fund (IIF) Private Equity sub-fund.

The strategy is part of the InsuResilience Investment fund together with its debt counterpart.

It invests in private companies and aims at improving access to climate insurance in developing countries and reducing the vulnerability of micro, small and medium companies and low-income households to climate change.

Managed by Blue Orchard, the fund was started by the German Development Bank, KfW, on behalf of the German Federal Ministry for Economic Cooperation and Development.

Head of private equity and sustainable infrastructure at BlueOrchard, Felix Hermes, said: ‘This is a significant milestone for the fund. We have a clear strategy of supporting entrepreneurs in emerging and frontier markets, and we are dedicated to building resilience to the impacts of climate change. We are excited to see the enthusiasm from investors and look forward to partnering with them to advance these important objectives.’