Accreditation assessment of upgrade application from the Pegasus Capital Advisors, L.P.

The Accreditation Panel (AP) recommends upgrading Pegasus Capital Advisors, L.P. (PCA) to the 'large' project size category. The assessment confirms that PCA's governance, fiduciary standards, and track record in managing private equity funds and portfolio investments meet GCF requirements for projects with total projected costs exceeding US$ 250 million.

• The Accreditation Panel recommends that PCA be upgraded to the 'large' size category for individual projects or activities within a programme, which is defined as having total projected costs above US$ 250 million.
• PCA demonstrated its capacity for the upgrade by providing portfolio reports for three private equity funds where the average capital invested far exceeds the 'large' size threshold.
• The applicant's fiduciary capacity is supported by a governance structure compliant with United States federal regulations and SEC supervision, including Investment Committees and a Compliance Committee.
• PCA has strengthened its anti-money-laundering and countering the financing of terrorism (AML/CFT) capacity by outsourcing investor due diligence and continuous monitoring to a leading-expert third-party service provider.
• The applicant's track record in climate-related investments includes equity investments across Africa, Asia Pacific, Europe, Latin America, and North America, with four of its five private equity funds investing more than USD 250 million.
• PCA intends to focus its GCF-related investments on renewable energy, low-emission energy access, low-carbon transport, waste management, and enhancing adaptive capacity and resilience, particularly in least developed countries, small island developing States, and African countries.

APA

Green Climate Fund (n.d.). Accreditation assessment of upgrade application from the Pegasus Capital Advisors, L.P. https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a04.pdf

Chicago

Green Climate Fund. Accreditation assessment of upgrade application from the Pegasus Capital Advisors, L.P. n.d. https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a04.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of upgrade application from the Pegasus Capital Advisors, L.P. |url=https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a04.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of upgrade application from the Pegasus Capital Advisors, L.P.}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a04.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }