Mumtalakat partners with Investcorp to Anchor Launch of New Climate Solutions Platform

Mumtalakat partners with Investcorp to Anchor Launch of New Climate Solutions Platform

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today that it is partnering with Investcorp to anchor the launch of a new climate investment platform for investing in climate solutions. Under the management of Investcorp, the platform, ‘Climate Solutions Partners’, will focus on providing capital to leading international companies active in helping consumers and corporates worldwide to accelerate decarbonisation. With an investment target of approximately $750 million of capital investment, the platform will make investments in businesses at the growth “inflection point” where they have matured past many of the risks that face earlier stage ventures, and, instead, must successfully manage and minimize the execution risks associated with expansion in middle-market investments and the firm’s well-developed global network.His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, commented: “Climate change is one of the most compelling investment opportunities for the coming years, and it is critical that the GCC and wider MENA region is positioned to lead in the energy transition and the new solutions which will be required.”“We are delighted to collaborate with Investcorp to launch this groundbreaking initiative and ensure its success. The Climate Solutions Partners platform