Outrigger Impact hits first close on $100M blue-economy fund for island states
What's the deal? Outrigger ImpactDealroom has a profile for this one. Try Dealroom →, the UK-based blue-economy investment platform, has reached the first close of its blended-finance fund, which is targeting $100 million to invest across small island developing states (SIDS). The vehicle provides debt and equity to regenerative and sustainable ocean-economy projects — spanning sustainable aquaculture, ocean conservation, ecotourism and offshore renewable energy — in some of the world's most climate-vulnerable coastal nations.
The signal: The fund's focus on ocean-based industries in SIDS underscores growing investor interest in blended finance as a tool to channel catalytic capital toward the "missing middle" in climate-vulnerable regions, where projects are often too small for large institutional investment yet too large for grant funding alone.
Read more: Carbon Pulse
Image credit: Feed My Starving Children (FMSC)
