The Climate Finance Accelerator (CFA) invites applications from managers of climate-focused investment vehicles seeking to raise capital for deployment in Southeast Asian markets.

The CFA Investment Vehicles Cohort provides tailored technical assistance, investor-readiness support and access to relevant investors and climate-finance stakeholders. The programme aims to strengthen investment propositions, improve fundraising strategies and help fund managers engage potential investors with greater confidence.

The cohort is designed for investment vehicles across climate-related sectors, including those investing in clean energy, sustainable infrastructure, climate adaptation and other solutions that contribute to measurable climate outcomes.

Funding and Support

The programme provides tailored, non-financial support to selected investment vehicle managers. No direct grant or investment amount is specified for participating managers.

Support includes:

• Investor networking: Opportunities to engage investors and investment specialists, culminating in an event in Singapore.
• Fundraising readiness: Guidance on fundraising strategies, fund terms, capital structures, investment theses and limited partner (LP) propositions.
• Investment materials: Support in preparing investor-ready pitch decks, private placement memoranda (PPMs), and environmental, social and governance (ESG) and impact frameworks.
• Investor-led coaching: Tailored guidance from experienced global and regional practitioners.
• Climate-impact and ESG support: Assistance in strengthening climate-impact narratives, ESG safeguards and social-impact considerations.
• Visibility and credibility: Opportunities to participate in CFA events and potentially be featured on the CFA website.
• Peer learning: Knowledge-sharing sessions and connections with relevant climate-finance stakeholders.

The CFA does not act as a transaction adviser or broker and does not raise capital on behalf of participating managers. Participation therefore does not guarantee fundraising or investment.

Purpose and Objectives

The cohort aims to:

• Strengthen the fundraising readiness of climate-focused investment vehicles.
• Improve fund managers' investment propositions and investor-facing communications.
• Support the development of credible investment strategies and fund structures.
• Help managers communicate measurable climate outcomes and ESG commitments.
• Facilitate engagement with potential investors and climate-finance stakeholders.
• Improve the potential to secure first or subsequent fund closes.

Scope of the Opportunity

The cohort is open to a range of private-market investment strategies, including:

• Venture capital.
• Private equity.
• Private credit.
• Infrastructure investment.
• Real assets.
• Securitisation and pooled financing structures, including vehicles financing receivables or export proceeds.

The investment vehicle must have a credible strategy for generating measurable climate outcomes, particularly through direct or facilitated greenhouse gas emissions reductions. Additional climate benefits are considered favourably.

Eligibility Criteria

Applications must be submitted by the legal entity that manages, advises or sponsors the investment vehicle and will participate in the cohort.

Applicants must meet the following requirements:

Climate impact: The proposed investment vehicle must be designed to achieve measurable climate outcomes through direct or facilitated greenhouse gas emissions reductions.

Sectoral focus: Investment vehicles may operate across climate sectors. Preference is given to strategies aligned with the Nationally Determined Contributions (NDCs) of their target countries.

Investment strategy and structure: Applicants must demonstrate an identified core team, defined investment strategy and target market, indicative capital structure, initial fund economics supported by a robust financial model, and a credible investment pipeline.

Fundraising readiness: The vehicle must be actively raising capital or have a realistic plan to begin fundraising, with a credible prospect of raising capital within 24 months. Earlier-stage vehicles may be considered exceptionally where they demonstrate a compelling proposition and achievable pathway.

Indicative fund size: The programme is open to investment vehicles of different sizes. As an indication rather than a strict threshold, typical target sizes are:

• USD 20 million or more for venture capital vehicles.
• USD 50 million or more for private equity or private credit vehicles.

Regional capability: Applicants must demonstrate credible capacity to originate, assess, execute and monitor investments in Southeast Asian markets. Evidence may include a fundraising track record, regional offices, employees or established partnerships.

Responsible business conduct: Applicants must not engage in activities on the CFA's exclusion list.

Social inclusion: Preference is given to investment vehicles with positive social-impact objectives or a genuine commitment to integrating gender equality, disability inclusion and broader social inclusion at manager or portfolio level.

Additionality: Preference is given to applicants for whom CFA support could strengthen or accelerate their path to a first or subsequent fund close beyond what could be achieved independently or through existing advisers.

Time commitment: At least two team members must be available to participate in the cohort, including one investment team member and one investment team lead, such as a partner, principal or equivalent. The expected commitment is approximately 20 hours per team across workshops and events from February to May 2027.

Investment vehicles that are not eligible include single-project entities, listed or open-ended retail products, corporate balance-sheet investment programmes, and purely grant-making or philanthropic vehicles.

Geographic Scope

The programme focuses on investment vehicles deploying capital in Southeast Asia. The application does not prescribe a minimum investment allocation for any individual country.

Allocations outside Southeast Asia may be considered where consistent with the UK Government's Official Development Assistance (ODA) requirements.

Applicants should demonstrate regional investment potential and credible capacity to source and manage investments in their target markets.

Application Requirements

The online application takes approximately 60 minutes to complete and does not have a save-and-exit function. Applicants should prepare their responses before starting.

Applicants will need information on the investment vehicle's:

• Target size and fundraising stage.
• Investment strategy and geographic allocation.
• Capital structure and fund terms.
• Investment pipeline and expected climate impact.
• Core team and relevant track record.
• Financial model and fundraising plans.

A current pitch deck or teaser in PDF format must also be sent to the designated CFA email address. Where available, applicants may additionally provide a financial model, PPM and standard due diligence questionnaire.

Important Dates

• Application deadline: 30 November 2026, 23:59 Singapore time (GMT+8).
• Expected response: Within six weeks of the application deadline.
• Cohort activities: February–May 2027.

Application Process

Applicants must complete the online application form and submit all required information before the deadline.

The current pitch deck or teaser must be emailed to the programme team at sg_cfa_investment_vehicles@pwc.com. Applicants should prepare all information in advance because the application form cannot be saved and completed later.

Industry / Sector

Climate finance, investment management, renewable energy, sustainable infrastructure and climate-focused investment vehicles.

Click HERE to visit the official website.