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Mirova raises $171m for Asia, Africa blended finance debt fund

Sustainability-focused investment manager targeting $500m

Founded in 2014, Mirova says it is committed to responsible investment. (Screenshot from Mirova website)

CEBU, Philippines -- Investment manager Mirova said it has raised $171 million in the first close of its blended finance debt fund.

The Mirova Gigaton Fund aims to provide mid- to long-term debt financing for clean energy projects primarily in emerging countries in Asia and Africa, as well as in Latin America and the Middle East, the company said in an announcement.

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