One of the key objectives of this booklet is to showcase successful examples of blended finance vehicles that can serve as templates for accelerating the design and deployment of future instruments. In advancing this objective, it seeks to harness the increasing momentum for blended finance and support a number of important global initiatives that, through enhanced dialogue with the private sector, seek to mobilize the necessary capital for achieving our global sustainability objectives.

Serving in a position of leadership in many of the initiatives dedicated to the mobilization of private capital at scale towards sustainability objectives, the Caisse de dépôt et placement du Québec (CDPQ) partnered with Ernst & Young (EY) to produce this Blended Finance Booklet, which is structured in 4 sections.

Section 1 provides context for the booklet, introduces blended finance and its key definitions, and gives a brief overview on the approach and participants. Section 2 identifies the key takeaways from the case studies. Section 3 presents the case studies and their defining characteristics. Section 4 summarizes the conclusions and proposes a high-level view of future blended finance developments. The appendix includes definitions on key terms used throughout the booklet.

This booklet comprises 13 specific blended finance case studies which are presented in Section 4 of the booklet in alphabetical order. They are complemented by 3 spotlights which focus on particular topics pertaining to blended finance which are presented in Section 2 of the booklet in designated sub-sections.

Blended Finance Case Studies and Spotlights presented in this booklet include:

• Asia Climate Strategy
• Bank of America: Select Blended Finance Transactions
• Catalytic Transition Fund
• Climate Finance Partnership
• Climate Innovation and Development Fund
• Emerging Africa Infrastructure Fund
• Emerging Market Climate Action Fund
• GAIA
• Mirova Gigaton Fund
• Pentagreen Capital
• Réseau Express Métropolitain
• SDG Loan Fund
• Vertelo
• Blue Dot Network Certification Framework
• Fast-Infra Label
• Standard Chartered: Taking a programmatic approach to Blended Finance to unlock regulatory reform