Orix, ADB, Robeco to Set Up Climate Change Private-Equity Fund

The Asian Development Bank, Japan’s Orix Corp. (8591), and the Netherlands’s Robeco Institutional Asset Management BV will set up a private-equity venture in Asia to fund projects aimed at mitigating climate change in the region.

Asia Climate Partners will be capitalized with an initial $400 million from its founders, according to a statement posted on the website of Orix, a Tokyo-based finance and leasing company, today.

The fund will be based in Hong Kong and invest in renewable energy, water, and other climate-related businesses, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Abhay Singh, Iain Wilson

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