CC Asia Climate Fund (CC-ACF) Kazakhstan, Mongolia, Uzbekistan | CC Global Services Holdings Limited (CC GSH)

The CC Asia Climate Fund (CC-ACF) is a proposed USD 150 million private equity fund targeting growth-stage companies in Kazakhstan, Mongolia, and Uzbekistan. Managed by CC Global Services Holdings Limited (CC GSH), the fund seeks USD 37.5 million from the Green Climate Fund (GCF) to act as a first-loss tranche, catalyzing USD 112.5 million in co-financing. The fund focuses on five priority sectors: renewable energy, resource efficiency/industry decarbonization, weather-resilient buildings, water conservation, and climate-smart agriculture. It aims to reduce GHG emissions by 8.21 million tCO2eq over a 25-year lifespan and reach approximately 464,396 direct and indirect beneficiaries. The strategy emphasizes technology transfer, active board stewardship, and the demonstration of commercial viability for climate-smart investments to shift these carbon-intensive economies toward low-carbon development.

• The CC Asia Climate Fund (CC-ACF) is a USD 150 million equity fund requesting USD 37.5 million from the GCF to leverage an additional USD 112.5 million from other investors.
• The fund targets a total GHG emission reduction of 8.21 million tCO2eq over its 25-year lifespan, with the GCF's direct funding contributing an estimated 2.05 million tCO2eq (25%) of this reduction.
• The programme expects to reach 137,020 direct beneficiaries and 327,376 indirect beneficiaries through investments in clean energy, climate-smart agriculture, and waste management.
• The fund focuses on five priority sectors: renewable energy deployment, resource efficiency and industry decarbonisation, weather-resilient buildings and sustainable construction, water conservation and security, and climate-smart agriculture.
• A critical barrier identified is the scarcity of equity finance in the region; it is estimated that less than 3% of climate finance in Asia and the Pacific is equity-based, compared to a global share of approximately 34%.
• The fund will invest in 10-12 companies, primarily at the late-venture, early-growth, and growth-stage (Series C and beyond), with target ticket sizes between USD 5 million and 20 million and minority stakes up to 30%.
• The GCF funding is structured as a first-loss tranche for private sector investors to de-risk investments and encourage the deployment of private capital in priority sectors.
• The fund's investment criteria require a Technology Readiness Level (TRL) between 7 and 8 at the time of the investment decision.
• The fund will employ a rigorous additionality screening to ensure that investments would not proceed in the same form, time, or scale without GCF participation.

APA

Green Climate Fund (2026). CC Asia Climate Fund (CC-ACF) Kazakhstan, Mongolia, Uzbekistan | CC Global Services Holdings Limited (CC GSH). https://www.greenclimate.fund/sites/default/files/document/fp297.pdf

Chicago

Green Climate Fund. CC Asia Climate Fund (CC-ACF) Kazakhstan, Mongolia, Uzbekistan | CC Global Services Holdings Limited (CC GSH). 2026. https://www.greenclimate.fund/sites/default/files/document/fp297.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=CC Asia Climate Fund (CC-ACF) Kazakhstan, Mongolia, Uzbekistan | CC Global Services Holdings Limited (CC GSH) |date=17 April 2026 |url=https://www.greenclimate.fund/sites/default/files/document/fp297.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2026asia, author = {{Green Climate Fund}}, title = {{CC Asia Climate Fund (CC-ACF) Kazakhstan, Mongolia, Uzbekistan | CC Global Services Holdings Limited (CC GSH)}}, institution = {Green Climate Fund}, year = {2026}, month = apr, url = {https://www.greenclimate.fund/sites/default/files/document/fp297.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }