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Inside the Deal: CrossBoundary Energy Fund

08 Dec 21 -

Wednesday, December 8 2021, 9am – 10am Eastern time (GMT -5):

Convergence is launching a new quarterly webinar series called “Inside the deal” where we delve into the inner workings of real blended finance transactions. Each quarter, Convergence will feature a transaction from our case study portfolio and give members an opportunity to candidly engage with the deal sponsor on their experience structuring the transaction.

Convergence’s inaugural session will focus on CrossBoundary’s fund, CrossBoundary Energy 1 (CBE). Launched in 2015, the fund has a two-tier equity capital structure with first-loss financing provided by USAID to catalyze private investors. Over the last five years, CBE has pioneered the creation of the commercial and industrial solar sector in Africa. In 2020, CrossBoundary announced the exit of its first fund at a 15% net IRR to investors, including returning a profit to USAID, and raising $40 million from new investors to continue to scale financing for solar businesses in Africa.

This hour-long workshop will include:

  • Overview of the transaction design, structuring, and fundraising experience from CrossBoundary
  • Convergence-led interview with key stakeholders involved in the transaction to discuss key lessons learned
  • Open Q&A with audience

This member-only, in-depth case-study series has limited space to ensure a personal, intensive, and practice-driven learning experience. Each Convergence member organization has two complimentary seats to this session.