Terms
- Announced
- 18 Jul 2023
- Instrument
- Equity
- Amount
- UndisclosedReported as part of a US$49m combined commitment, split not disclosed
- Source
- alts.axa-im.com
Parties
- Project developer
- Mombak
- Country
- Brazil
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis AXA IM Alts Investor Undisclosed No value disclosed
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
- Backed by offtakes from
Structure and cover
- Structure flag
- Mixed commitment, leg of a larger figure
What happened
- AXA IM Alts committed US$49m on 18 July 2023 through its natural capital and impact investing strategy. Its own release describes two concurrent legs: investing directly into Mombak reforestation projects, and taking a minority equity stake in Mombak. NO SPLIT IS PUBLISHED. On the Neustark precedent neither leg carries a US$m figure, so the US$49m drops out of the value column and both legs count only. Operator ruling, 21 September 2026: treat the project leg as capital into The Amazon Reforestation Fund (Fund I), consistent with secondary reporting listing an AXA fund among Fund I LPs. This row is the company leg, a minority equity stake in Mombak. The project leg is EQ-230.
Kumo note
- A minority stake taken alongside direct project money in the same commitment. Recorded with no figure because the split was never published, which is a correct row rather than an incomplete one.
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