In November 2025, the ACP OeEB Climate Impact Fund successfully reached its first closing. The fund of funds was established by OeEB in partnership with the Accession Capital Partners (ACP) Group. In addition to targeting attractive financial returns, the fund aims to contribute to climate action and to improve living conditions for people in emerging markets. OeEB committed EUR 10 million of its own funds, backed by a guarantee from the Austrian Federal Ministry of Finance (BMF).
| Project name | ACP OeEB Climate Impact Fund |
| Region | Supra-regional |
| Sector | Energy / Resource efficiency / Infrastructure |
| Service | Private Equity |
| OeEB project volume | EUR 10 million |
| Fund domicile | Luxembourg |
| International climate finance according to UNFCCC | Yes |
| Additionality | Financial Additionality |
| Project partner(s) | Accession Capital Partners (ACP) |
The fund is structured as a fund of funds and will invest in approximately ten well-established private equity and infrastructure funds across Asia, Africa, and Latin America. The selected target funds focus on renewable energy and energy storage solutions and/or on investments in companies operating in other climate-relevant sectors, including climate-tech, energy efficiency, circular economy, and sustainable mobility.
The fund represents the first collaboration between the Vienna-based Accession Capital Partners (ACP) Group and OeEB. OeEB Impact GmbH, a wholly owned subsidiary of OeEB, serves as sub-advisor to the Luxembourg-based fund of funds and will assume key responsibilities in managing the fund. These include project selection, due diligence, monitoring, and impact reporting. In carrying out these tasks, OeEB Impact GmbH will draw on the expertise and services of OeEB. ACP will primarily lead fundraising activities and manage investor relations for the fund.
The ACP OeEB Climate Impact Fund is designed to make a meaningful contribution to climate protection while supporting sustainable economic development in developing and emerging countries, in line with Sustainable Development Goals (SDGs) 7, 8, and 13. Furthermore, the fund will help mobilize private capital for climate investments in emerging markets. It aligns fully with OeEB’s strategic focus on Green Finance and is classified as 100% climate-relevant.