Fund setup

Fund setup and governance

The Global Climate Partnership Fund (GCPF) is an investment company under Luxembourg law. It was established by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) and KfW Entwicklungsbank in 2011.

Good governance

GCPF has clear governance structures in place, underscoring its commitment to transparency and accountability.


Board of Directors

Appointed by GCPF shareholders, the Board of Directors has an oversight role and is responsible for defining GCPF’s strategic direction. It has sole power to administer and manage the Fund. The Board has five members:

  • Claudia Arce, Chairperson
  • Sharmila Hardi
  • Constanze Kreiss
  • Cornelis van Aerssen
  • James McEwen

Investment Committee

The Investment Committee is appointed by the Board of Directors. Its main function is to approve the investment decisions proposed by the Investment Manager and to monitor its other activities. The Investment Committee’s members are:

  • Dr. Claudia Loy, Chairperson
  • Judith Brandsma
  • Dr. Juan Alario
  • Lydia Schot

Technical Assistance Facility Committee

Appointed by facility donors, the Technical Assistance Facility Committee ensures that the Technical Assistance provided by GCPF supports the fund’s objectives and activities.

  • Constanze Kreiss
  • Ritu Kumar


GCPF has the backing of institutions including: German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), KfW Entwicklungsbank, Ministry of Foreign Affairs of Denmark (Danida), UK Department of Energy and Climate Change (DECC), International Finance Corporation (IFC), Development Bank of Austria (OeEB), and Dutch Development Bank (FMO), as well as private investors.


Investment manager

The Investment Manager, responsAbility Investments AG, is responsible for running GCPF’s business activities and for managing the Technical Assistance Facility. responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments.

Service Providers

  • General Secretary : Innpact
  • Fund Accountant: European Fund Administration
  • Custodian: Banque de Luxembourg