Amsterdam Climate & Energy Fund (AKEF) | Knowledge Hub | Circle Economy Foundation
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Policy case
Amsterdam Climate & Energy Fund (AKEF)
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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.
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