Fund investments
Fund concept
  • Double / triple bottom-line investment strategy
  • Impact management and measurement methodology and reporting
  • Respect of good governance principles
Fund manager
  • Investment vehicles and fund managers must be separate legal entitïes
Sound investments
  • Innovative projects
  • Growth potential
  • Scalable and replicable investment strategy
  • High social and/or environment impact
Innovative concept
  • Extra-financial support to investees
  • Blended capital attractive for both public and private investors
Visionary fund managers
  • Fund managers raising their first or second time climate finance fund
  • Skilled and knowledgeable in investment structuring and climate finance
  • Entrepreneurial, agile and innovative
  • Strong focus on fundraising and in scaling-up businesses
  • Committed to creating long-lasting impacts
  • Local presence and/or support of investees
  • Contribution to the Luxembourg climate finance ecosystem

  • Express your interest to the ICFA: Fund Managers interested in applying to the ICFA Luxembourg should first carefully review the Eligibility Criteria, then send an email to info@icfa.lu. The ICFA Luxembourg will contact you to request more information.

From February 1st to February 16th, 2018

  • Receive the application toolkit: your ICFA contact will send you the application details and conditions, as well as the list of documents required to submit your application
  • Send your draft application pack (application form and required documents): once you have sent you draft application file, you will receive comments from your ICFA contact
  • Get together for trainings: all eligible applicants will be invited to a pre-selection workshop in Luxembourg. (more details to come)
  • Send your final application pack: complete the application form and send it to the ICFA Luxembourg together with the required supporting documents by April 6th, 2018. A confirmation email will be sent to you to confirm reception of the documents.

From February 19th to April 6th, 2018

  • Final eligibility check: a final eligibility check will be performed on your complete application file
  • Selection Committee assessment: all eligible applications will be submitted to the Selection Committee for assessment with regards to the selection criteria
  • Final decision: ICFA Luxembourg will make its final decision and announce the 4 members of the Cohort at the end of May 2018

From April 16th to May 31st, 2018

  • Move into the spotlight: congratulations! Successful applicants will be publicly announced and on-boarded as members of the first ICFA Luxembourg Cohort
  • Team-up under the same roof: Cohort members will have the chance to work alongside each other at the House of Start-ups!
  • Launch your fund: you will have 18 months to demonstrate your full potential, benefit from the full support of the ICFA Luxembourg and launch your fund!

From June 4th, 2018

Andre Weidenhaupt: Since March 2014, Dr. André Weidenhaupt is Director General of the Department for Environment of Luxembourg’s Ministry for Sustainable development and Infrastructure. At the Department for Environment, he is in charge of environmental issues related to the human environment (climate change, sustainable development, circular economy, clean air, water protection, waste management, noise, chemicals, and industrial pollution prevention) as well as all European and international environmental issues and the budget.

From September 2005 to March 2014, Dr. André Weidenhaupt has been Director of Luxembourg’s Water Management Agency (Administration de la gestion de l’eau). In this position he chaired the International Commissions for the Protection of the Moselle and the Sarre (2010‐2011) and from 2011 to 2013 he has been the Chair of the International Commission for the Protection of the Rhine (ICPR).

Prior to join Luxembourg’s civil service, Dr. André Weidenhaupt lectured Environmental Technology at the Luxembourg University of applied sciences and was the Director of the Environmental Technology Research Centre (CRTE) at the Public Research Centre CRP Henri Tudor in Luxembourg.

Bass Brimer: Baas Brimer is an expert in environment and climate change working for Lux-Development, the development cooperation agency of the Luxembourg government. He advises on environment and climate related matters and provides guidance and technical support to LuxDev’s various projects and programmes around the world. Currently a key objective is to mainstream climate change action (adaptation and mitigation) into development work. In his current function he observes and analyses public policies and trends, support thematic studies and documents best practices. In partner countries he supports the strengthening of capacities and fosters partnerships and collaboration. At LuxDev he advises on the company’s efforts to deliver on Corporate Social and Environmental Responsibility.

Before joining LuxDev, he worked for PwC, EY, the European Commission and the UN World Food Programme in the Climate and Disaster Risks Reduction unit. He is an alumnus of the TU Bergakedamie Freiberg and holds a MSc in earth system science and multilingual in English, French, German, Italian and Luxembourgish.

Christopher Knowles: Christopher Knowles is a long-term staff member of EIB with a background covering development economics and finance, project finance and PPPs conventional credits to corporate and banking customers, and structured-debt and equity funds for infrastructure and environmental assets. He started to develop serious concerns about climate and environmental degradation around twenty years ago, in part having seen the environmental damage wrought by uncontrolled heavy industry in the CEE region and also being exposed to environmental and demographic stress in many developing countries.

In his current role – Christopher is leading a team focused on innovative financial products which aims to ensure that EIB, the free world’s largest publicly owned bank, contributes appropriately to the climate change agenda.

Since 2005 he has served on the Supervisory Boards of numerous clean energy and carbon funds. He currently chairs the Board of Directors of the Green for Growth Fund.

Gregory Fayolle: Gregory is the founder and Managing Director of ORAXYS, a leading Luxembourg-based Private Equity firm that is expert in European growth capital and environmental impact investment.

Previously Gregory worked in Private Equity at Societe Generale Asset Management and in Mergers & Acquisitions at Andersen Corporate Finance. He has a 15 years background of deals in France, Benelux, Switzerland, England and in the United States.

Moreover, Gregory has been responsible for 2 years of the Environment sector at the French Ministry of Economy in Thailand.

Pauline Fruchaud: Pauline Fruchaud is a seasoned investment executive with more than 15 years of experience in impact investing, microfinance and international development in emerging and frontier markets.

She has an extensive expertise in investing in and managing a portfolio of Debt and Private Equity Funds, financing SME banks and microfinance institutions, structuring and managing microfinance funds and leading local economic development programs in frontier markets. Pauline is currently an Investment Manager for Obviam, the investment advisor of the Swiss Investment Fund for Emerging Markets (SIFEM), the Swiss Development Finance Institution. She serves on the Boards and Advisory Committees of several Private Equity and Debt investments funds in Africa and Latin America.

Prior to joining Obviam, Pauline worked as the Head of Eastern Europe for BlueOrchard, a leading impact investment manager, for UN agencies (UNDP Cuba and UNICEF) and for a microfinance institution in Cambodia.
She holds an MBA from York University, Toronto, Canada and MSc in Management from EM Lyon, France. She is multilingual in English, French and Spanish.