The Amsterdam Climate & Energy Fund (AKEF) supplies subordinated loans and is
run by external fund managers. The AKEF was established in 2013 to supply risk
finance, primarily in the form of subordinated loans. External fund managers
known as ‘e3’ run AKEF, including three portfolio managers and one
professional fund manager. e3 comprises three different partners - EWIC,
Privium Fund Management and Libertus Energy Finance - with a track record of
managing sustainable project investments. The City of Amsterdam has no
influence over investment decisions, but as an independent Investment
Committee supervises the fund managers and must approve all investment
decisions proposed by the fund managers.

