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AGES Speaker

Andrew Johnstone is the CEO of Climate Fund Managers (CFM), a leading climate-centric blended finance fund manager. CFM’s purpose is to end the climate crisis through the raising and deploying of blended finance funds in partnership at scale and at pace. 

CFM currently manages two emerging market infrastructure funds focused on climate change mitigation and adaptation: Climate Investor One, a c.1 billion USD fund focused on renewable energy, and Climate Investor Two, a c.1 billion USD fund focused on water, sanitation and oceans infrastructure. CFM is currently implementing further blended finance initiatives in the green hydrogen, power transmission and cities sectors focused on development, equity, debt and guarantee financial instruments .  

Established in 2015, CFM is a joint venture between the Dutch development bank, FMO, and Sanlam InfraWorks, part of the Sanlam Group of South Africa with offices in Cape Town, Singapore, Ho Chi Minh City, The Hague, Bogota, and Lagos. 

Andrew has over 30 years of experience in the infrastructure sector and is responsible for setting the long-term strategy of CFM and the overall management of the business units. Under his leadership, CFM has c.1.7 billion USD in commitments and approved over USD 700 million for disbursement to green fields projects in emerging markets. 

Prior to CFM, Andrew was the CEO of African Infrastructure Investment Managers (“AIIM”), a joint venture between Macquarie and Old Mutual, where he led the structuring, raising, and deployment of five unlisted infrastructure fund vehicles in Africa.  During his tenure, he was also the Chairman of Macquarie Africa.