The first dedicated adaptation and climate resilience private investment fund, Lightsmith Climate Resilience Partners (also known as CRAFT, the Climate Resilience and Adaptation Finance and Technology-transfer facility), reached first close in 2019, and has been actively making growth equity investments in private companies that support climate resilience. Large financial institutions have identified adaptation strategies within their dedicated Climate or Impact funds, which together exceed a billion dollars. However, at present few easily investable public market products exist by which investors can gain targeted and systematic exposure to companies that produce solutions for adaptation and climate resilience.
