About This Fund
The Altree Kadzi Gender Climate Fund (AKGCF) is a blended-finance impact fund managed by Altree Capital Ltd., an Africa-focused asset management firm founded in 2006 with offices in Bermuda, the United Kingdom, South Africa, and Kenya. Launched in 2023 with a fundraising target of between US$50 million and US$80 million, the fund is currently deploying capital via a special-purpose vehicle while the formal fund raise continues. Its mandate addresses twin structural funding gaps in African capital markets: the systemic underrepresentation of women-led enterprises in private investment flows, and the acute underfunding of climate adaptation solutions across Sub-Saharan Africa.
The investment thesis integrates a gender-lens with a climate-smart mandate. All portfolio companies must meet at least two of the 2X Challenge criteria — a globally recognised gender-finance standard — and the fund targets a portfolio where at minimum 40% of investments address women's health and at least 60% address climate adaptation or mitigation. Altree Capital became the ninth private-sector investor to formally participate in the 2X Challenge (2024–2027 cycle). The fund deploys capital through multiple instruments — equity, debt, mezzanine finance, convertible notes, and revenue-based financing — to accommodate the diverse capital needs of early- to growth-stage enterprises across Sub-Saharan Africa. Target sectors span electric vehicles and green mobility, clean technology, renewable energy, regenerative agriculture, women's health, food waste prevention, water infrastructure, and green logistics.
As of the most recent reporting period, the fund has backed five portfolio companies: Wahu! Mobility, a women-founded electric vehicle operator in Ghana and Togo that has reduced 272,761 kg of CO2 and achieved 120% year-on-year revenue growth while generating carbon credits sold to Switzerland's KliK Foundation; Kasha, a women's health e-commerce platform in East Africa; Uncover Skincare; Burton and Bamber, a food waste prevention company; and Nature's Nectar. The fund has received first-loss and grant capital from the Climate Gender Equity Fund, a USAID-anchored public-private partnership that includes Amazon, Reckitt, the Skoll Foundation, The UPS Foundation, and the Visa Foundation. The AKGCF was selected as a finalist in the 2023 Global Innovation Lab for Climate Finance, and fund CEO Jenni Chamberlain has been named to the Africa AM Power 50 in consecutive years.