Shell Foundation provides first-loss capital to Lendable Transportation and Energy Fund
The fund targets $200 million and raised $135 million at a first close in December 2025, with senior tranches anchored by IFC, FMO and SIFEM.
At a glance
Shell Foundation is providing first-loss capital to the Lendable Transportation and Energy Fund.
The first-loss position sits beneath senior tranches anchored by IFC, FMO and SIFEM in a vehicle aimed at emerging-markets transportation and energy assets.
The fund has raised $135 million at a first close held in December 2025 and targets $200 million by mid-2027.
Shell Foundation is providing first-loss capital to the Lendable Transportation and Energy Fund.
The first-loss position sits beneath senior tranches anchored by IFC, FMO and SIFEM in a vehicle aimed at emerging-markets transportation and energy assets.
The fund has raised $135 million at a first close held in December 2025 and targets $200 million by mid-2027. First-loss capital absorbs losses ahead of the senior money above it. The first close leaves about $65 million to raise by mid-2027.
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
The WrapRobeco survey finds 82% of investors expect physical climate risks to affect asset prices
The WrapRezolv's €561m Dama Solar debt attracts 14 lenders on EIB guarantee and Romanian CfD
The Wrap