Global Coral Reef Investment Fund Announces First Green Climate Fund Closing and Anchoring Investment to Increase Resilience of Coral Reefs and Coastal Communities Threatened by Climate Change

SONGDO, South Korea, July 14, 2022 /PRNewswire/ — Pegasus Capital Advisors is pleased to announce the initial commitment of to 125 million dollars by the Green Climate Fund (GCF) and 5 million dollars by Builder’s Vison for its Global Coral Reef Fund (GFCR) investment fund. The Global Coral Reef Fund is a blended finance initiative dedicated to catalyzing investment on behalf of critically endangered coral reefs and climate-vulnerable coastal communities.

The Global Coral Reef Fund (GFCR) Investment Fund announced new contributions totaling up to $130 million at the recent UN Ocean Conference 2022, during the Sustainable Blue Economy Investment Forum, a high-level event focused on investment in the oceans organized by the governments of Kenya and Portugal.

The GFCR is the largest UN-backed blended finance initiative dedicated to Sustainable Development Goal 14, Life Underwater, and brings together a 500 million dollars impact investment fund and target 125 million dollars grant fund to generate environmental and social impacts on the coastal ecosystems that host the world’s most important coral reefs and the climate-vulnerable coastal communities that depend on these reefs for their livelihoods and food security.

Craig KogutFounder and CEO, Pegasus Capital Advisors said: “We are excited and grateful for Green Climate Fund’s commitment as a major investor and the contribution of Builder’s Vision. The GFCR is an exciting new coalition and with our many partners we plan to unlock significant private capital to invest in a reef-positive sustainable blue economy, bridging the funding gap for SDG14.”

Yannick Glemarek, Executive Director of the Green Climate Fund, said: “As a junior equity investor in the Global Coral Reef Fund (GFCR), the Green Climate Fund (GCF) hopes that the closure of the GFCR will catalyze additional private capital into the GFCR Investment Fund. This innovative fund will provide critical growth capital for entrepreneurs, catalyzing financing at the scale needed to protect coral reefs and people’s livelihoods in some of the world’s most climate-vulnerable countries.”

Founded by Lucas Walton, Builders Vision is an impact platform offering multifaceted philanthropic and investment tools to people and organizations committed to building a more humane and healthier planet. Builders Vision will invest USD 5 million dollars in the GFCR investment fund, becoming its first private investor.

“The way we care for the environment is a reflection of how we care for each other. When it comes to restoring and protecting the world’s coral reefs, we have an urgent obligation to step in and pursue innovation to create a flywheel effect to save these living natural resources. Builders Vision is proud to make this impactful investment as part of the United Nations Coral Reef Fund’s powerful and growing toolkit. We also hope our investment will serve as a catalyst for new advocates and investors to join this critical mission,” says Lucas WaltonCEO and founder of Builders Vision.

About the Global Coral Reef Fund,

The Global Coral Reef Fund is a target 625 million dollars a crowdfunding initiative consisting of a 500 million dollars target size Investment fund and 125 million dollars target size grant fund. GFCR is the first commercial-scale private equity investment fund targeting SDG14, life under water. The investment fund will pursue a diversified, global portfolio of high-growth opportunities in the wild fisheries, aquaculture, hospitality and circular economy sectors to generate market returns while creating positive benefits for coral reef ecosystems and the people who depend on them .

About Pegasus Capital Advisors, LP:

Pegasus Capital Advisors is a leading global private markets impact investment manager. As the first US private equity fund manager accredited by the Green Climate Fund, we are dedicated to fostering sustainable and inclusive growth while delivering attractive returns for our investors. Founded in 1996 by Craig KogutPegasus has invested over 2 billion dollars in five private equity funds.

For additional information, please visit: www.pcalp.com.

Pegasus Contact Information:
Investor Relations Department
Email: [email protected]
Phone: 212-710-2500

SOURCE Pegasus Capital Advisors

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