OUTREACH
Data as of Q4 2023, except for Technical Assistance Facility projects which are cumulative since the establishment of the facility in February of 2021.
The NDF provides capacity to underwrite natural disaster risks arising in respect of ODA-eligible countries.
The portion of risks assumed by NDF capital is fully collateralised. Either directly or with the benefit of transformation arrangements with regulated third parties, the NDF is able to transact through a range of risk transfer instrument formats in order to seek to meet the requirements of counterparts.
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Business Plan
The NDF fund provides risk capital for transactions that are assessed on their potential for impact: reach, vulnerability of the target community, scalability, and additionality.
The NDF seeks to make a positive contribution throughout its value chain and throughout its operations by the implementation of an Environmental and Social Monitoring System that follows international sustainability standards.
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Fund Manager
Global Parametrics Limited, which is a wholly owned subsidiary of CelsiusPro AG, is an appointed representative of Mirabella Advisers LLP, which is authorised and regulated by the Financial Conduct Authority and acts as investment adviser to the NDF. Mirabella Financial Services LLP, a firm authorised and regulated by the Financial Conduct Authority, acts as the portfolio manager to the NDF and has seconded the investment team at Global Parametrics Limited to manage the NDF.
NDF Key Facts
| Details | Information |
|---|---|
| Inception Date | January 2018 |
| Management | Global Parametrics Limited |
| Funds Category | Climate Impact Fund |
| Risk Capital | US$65m paid-in, plus US$50m additional risk capacity |
| Region | Global ODA countries |
| Perils | Climate, Nat Cat, other |