Create an Account for the ICFA | Accelerating Impact

Create an Account to Apply to the ICFA Programme

Applicant Information

Investment Manager Name*

Investment Manager Website*

Investment Manager LinkedIn Page*

Vehicle Name*

Contact Information

Contact Person First Name*

Contact Person Last Name*

Contact Person Email*

Contact Person Phone*

Declaration of Eligibility

Are you an Emerging Investment Manager?

The applicant is a first- or second-time investment management or investment advisory company, established or in process of establishing (the “Applicant”) and intends to set up an impact investment vehicle (the “Project”).¹
The Applicant undertakes to uphold best reporting and market practices.²
The Applicant will demonstrate a commitment to develop and implement best practices in the management of responsible investments.³
The Applicant will or intends to be duly authorized by a competent regulatory and/or supervisory authority of countries or jurisdictions not included on the FAFT/GAFI Black List.

I declare that the above-mentioned criteria apply to the Applicant and the Project.*

Planning to set up an Impact Investment Vehicle

The Project will finance activities made with the intention to generate positive, measured, and substantial impact.⁴ The Project will highlight if/how it is addressing unmet needs for specific target populations.
The Project will have an integrated process in place to identify, manage, monitor, and measure the environmental, social, and governance impacts, both positive and negative⁵, on 100% of its investments.
The Project will apply exclusion criteria in line with Accelerating Impact’s Exclusion Policy and ensure the compliance of its investments with the defined exclusion criteria.⁶

I declare that the above-mentioned criteria apply to the Applicant and the Fund Project.*

With Climate Finance as its Primary Focus

The Project’s impact strategy must focus on relevant impact themes, with an intention to contribute to climate change mitigation and/or climate change adaption.⁷
The Project will have at least 75% of its assets contributing to one or more of these impact themes.

I declare that the above-mentioned criteria apply to the Applicant and the Fund Project.*

Aiming to Invest in Challenging Geographies

The Project will have a target portfolio consisting of investments in target countries above the programme minimum. Assets under management for every ICFA Cohort need to reach a minimum of 70% to be invested in countries eligible to receive international climate finance.⁸

I declare that the above-mentioned criteria apply to the Applicant and the Fund Project.*

Ready to be Accelerated?

The investment strategy is built from insights gained through the feasibility studies and the expertise of its team members, utilizing local networks and knowledge, but still to be refined.
The team has a solid grasp of the potential impact of their investment vehicle and has begun formulating their theory of change. However, the concepts of impact still require refinement and integration into a comprehensive impact measurement system.
The investment manager team boasts a sufficient array of expertise necessary for the successful launch of the fund. This expertise includes fund / vehicle management, investment management, investment acumen, technical proficiency, structuring, legal competencies, pipeline development, and fundraising capabilities.
The investment manager team possesses ample expertise and local networks, enabling them to effectively delineate a pipeline aligned with the investment strategy and impact aspirations to convince institutional investors to commit to their investment vehicle.
The Fund Project is viable and its investment strategy, impact strategy, pipeline, potential structure, and fundraising strategy are coherent.
The investment manager team’s collective knowledge, time commitment and experience provide a robust foundation for taking advantage of the programme support and reinforcing their ability in navigating the complexities of fund establishment and operation, ensuring a well-rounded and effective approach to achieving the investment vehicle's objectives.

I declare that the above-mentioned criteria apply to the Applicant and the Fund Project.*

Confirmation and Consent

I confirm that the information provided in this application is true, accurate, and complete.

I hereby consent to processing of personal data for the entire application process, in compliance with our terms of use and privacy disclaimer.

I hereby agree to the confidentiality terms, as per our terms of use and privacy disclaimer, and I hereby consent to allowing the information provided in this application to undergo due diligence checks by Accelerating Impact and any service providers parties assisting Accelerating Impact, subject to confidentiality and data protection agreements.

I confirm that I, the organisation I am representing, and/or any individual(s) who will be participating on the organisation’s behalf:
(1) is/are not a designated target of, or otherwise the subject of, economic or financial sanctions or restrictive measures (each a “Sanction”) enacted, implemented, imposed, administered or enforced by the European Union, United States of America, United Kingdom or the United Nations Security Council;
(2) is/are not subject to any criminal proceedings for serious criminal or predicate offences to Money Laundering /Financing of Terrorism (includes investigations by any regulatory/law enforcement authorities, indictment/charge/prosecution before a court of law, warrants for arrest); and
(3) is/are not convicted for any serious criminal or predicate offences to Money Laundering / Financing of Terrorism.

How did you first hear about our programme?*

¹ Eligible Applicants are unlisted entities, typically young companies with limited resources, that are initiating their first or second institutional vehicle, with the objective to advise and/or manage this vehicle. Managed accounts, SPVs, and pilot vehicles with limited AUM are not considered institutional vehicles. If the Applicant is part of a group of companies, i.e., multiple companies which are directly or indirectly controlled by a controlling entity, eligibility will consider on a group basis. Consortiums of non-eligible entities can be considered eligible if the parties are in process of establishing an eligible entity, subject to the group-level considerations.

² Applicants undertake to prepare, at least, an impact or environmental and social (E&S) report , and, in addition but not limited to, CSR/sustainability guidelines/policy, annual CSR/sustainability report, engagement policy, active ownership policy, etc. published at the level of the Applicant or part of the group. Applicants will be subject to the Accelerating Impact’s General Terms of Business and General Code of Conduct (https://www.acceleratingimpact.org/our-policies).

³ Best practices include being a signatory to recognized responsible investment frameworks such as, but not limited to, the United Nations Principles for Responsible Investment (UN PRI) and the Operating Principles for Impact Management (OPIM).

⁴ The notion of measurable impact refers to the ability to 1) identify strategic impact objectives, 2) quantify and assess the outcomes using recognized frameworks and methodologies which may include, but not only: the Impact Reporting & Investment Standards + (IRIS+), the Theory of Change, or the Operating Principles for Impact Management (OPIM), and 3) mobilise the necessary resources to implement the impact measurement process.

⁵ Negative impact management includes, but is not limited to the monitoring and assessment of principle adverse impacts, and the implementation of responsible pricing and responsible growth objectives.

⁶ A non-exhaustive list includes those established by development finance institutions (DFIs), UN organizations, the International Finance Corporation (IFC) Exclusion List, the Social Investing Framework by Accelerating Impact and LuxFLAG, or any other recognized standards.

⁷ Climate impact themes are defined according to internationally and/or regionally agreed classification systems and taxonomies around climate change mitigation and/or climate change adaptation, including without limitation the MDBs’ Common Principles for Climate Mitigation and Adaptation Finance Tracking. Please see https://www.icfa.lu/our-eligible-areas.

⁸ Please see https://www.greenclimate.fund/countries