24 October 2014
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The Althelia Climate Fund, based in Luxemburg and London, has packaged many of the elements that bankers and conservationists alike say are necessary to attract private capital to large-scale ecosystem conservation projects around the world.
The most recent validation of Althelia's model comes in the form of a $5 million investment from the David and Lucile Packard Foundation*. Along with two private investors who will announce their commitments later this year, Packard's investment brings Althelia's fundraising to approximately $117 million and keeps the fund on pace for a December closing, when it aims to report at least $150 million. A first round of $76 million closed last June.
Read more from the Huffington Post blog