FinDev Canada has committed USD 33 million to BlueOrchard Climate Action Mobilisation Fund, a private debt fund that reached a USD 250 million first close. The blended finance vehicle will provide senior loans to financial institutions that direct climate funding to small and medium-sized enterprises and to companies directly across Asia-Pacific, Africa and Latin America. It aims to combine risk-adjusted returns with measurable climate impact and allocate at least 80% of its portfolio to mitigation and adaptation projects, including renewable energy, sustainable agriculture, green buildings, sustainable transport and solar energy. BOCAMF is described as the first blended finance vehicle focused on emerging and development markets to issue notes with a publicly available investment-grade A3 rating from Moody's under its closed-end fund methodology. The fund has commitments from Aviva Life, Daido Life Insurance Company, Schroders and British International Investment. FinDev Canada said the commitment supports stronger relationships across the target regions, collaboration with private investors and its partnership with BII, following a 2025 memorandum of understanding. The announcement comes as demand for climate finance could exceed USD 9 trillion annually to avoid the worst effects of climate change.