About This Fund
The Caribbean Basin Sustainable Energy Fund (CABEF) is an impact-focused fund managed by Deetken Impact, a Canadian investment manager headquartered in Vancouver, BC. Launched with a 2017 vintage, the fund is part of Deetken Impact's broader platform of five impact investment funds concentrated across Latin America and the Caribbean. Deetken Impact operates as a specialized firm with approximately USD 100 million in managed impact assets, led by a team of managing partners with expertise in renewable energy development, investment banking, and social enterprise across the Americas. The firm is a signatory to the Operating Principles for Impact Management since 2020.
CABEF invests in grid-connected and off-grid renewable energy and energy efficiency projects and companies across the Caribbean Basin, encompassing solar PV, hydroelectric, wind, biomass, biogas, and energy storage assets. The fund employs flexible mezzanine instruments tailored to the needs of small and medium-sized enterprises that typically lack access to conventional equity and quasi-equity financing. It operates alongside the Honduras Renewable Energy Financing Facility (H-REFF), with combined target capitalization of USD 100 million and committed capital of approximately USD 63 million. A gender lens investing approach is embedded in the fund's mandate.
CABEF has achieved recognition as a best-in-class climate finance vehicle, winning the Best Climate Finance Program award at the 2023 CREF Industry Awards. Key institutional backers include IDB Lab (the innovation laboratory of the Inter-American Development Bank Group) as lead investor, with development support from USAID. Deetken Impact has built a track record of over 61 investments across 17 countries through its fund platform, establishing it as a leading specialized impact manager for sustainable energy in underserved Caribbean and Central American markets.