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ALLIED CLIMATE PARTNERS INC

NEW YORK, NY · EIN 932878604 · Form 990 · FY2024 · NTEE C02 · Environment · Very Large (>$50M) · alliedclimate.org
revenue
$66.5M
expenses
$2.4M
net assets
$71.1M
employees
6
volunteers
4
program ratio
78%
mission · from form 990

USING INNOVATIVE FINANCING MECHANISMS TO INCREASE THE FLOW OF PHILANTHROPIC CATALYTIC CAPITAL TO CLIMATE-RELATED PROJECTS AND BUSINESSES IN EMERGING MARKETS AND DEVELOPING ECONOMIES THAT WILL HAVE A SIGNIFICANT IMPACT ON THE ADVERSE EFFECTS OF CLIMATE CHANGE AND ENHANCE THE ABILITY OF VULNERABLE AND AT-RISK COMMUNITIES TO EFFECTIVELY MANAGE CLIMATE RISK, PROMOTE CLIMATE RESILIENCY, AND SUPPORT ECONOMIC DEVELOPMENT.

profile · synthesized from sources

Allied Climate Partners (ACP) is a philanthropic investment organization that deploys catalytic capital to unlock climate-related projects and businesses in emerging economies. It partners with local investment firms to design and anchor funds that address critical financing gaps, particularly in early-stage development. ACP focuses on scaling climate solutions across Southeast Asia, Africa, India, and Latin America to drive environmental, economic, and social impact.

named programs · 3 · from sources

What they call their work

African Transition Acceleration Fund (ATAF)
ACP co-anchored a $50 million catalytic commitment to ATAF, a fund managed by African Infrastructure Investment Managers (AIIM) targeting $200 million to accelerate Africa’s energy transition and create sustainable jobs.
Early-Stage Project Development Equity Funds
ACP designs and anchors funds that provide risk-tolerant capital for feasibility studies, permitting, land acquisition, and offtake arrangements to grow the pipeline of bankable climate projects in emerging markets.
Green Investments Partnership (GIP)
ACP partnered with Pentagreen Capital on GIP, a blended finance program under Singapore’s FAST-P initiative, which reached $800 million in committed capital to support climate projects in Asia.
activities · 3 groups

What they do

  • Climate Finance Advisory & Research 2 activities
    • Leading investments in sustainable infrastructure for climate impact
      Leads catalytic investments aimed at demonstrating how private capital can accelerate climate impact, particularly in South and Southeast Asia, with a focus on sustainable infrastructure.
    • Providing senior advisory services for climate-related investment
      Delivers expert advisory services in climate-related investment across India, Africa, and Latin America, leveraging deep experience in energy transition and infrastructure finance.
  • Corporate Climate Accountability Initiatives 1 activity
    • Building collaborative platforms and catalytic funds for climate impact
      Co-founded Three Cairns Group and helped lead the creation of collaborative platforms to address climate and development challenges. Focuses on strategy, partnerships, and developing new catalytic funds at Allied Climate Partners.
  • Climate Change Research and Advocacy Funding 1 activity
    • Funding climate-related projects and businesses in emerging markets
      Uses innovative financing mechanisms and philanthropic grants to direct catalytic capital toward climate-related projects and businesses in emerging markets and developing economies. Committed $50 million in catalytic capital to anchor the African Transition Acceleration Fund (ATAF).
financials · form 990 · fy2024
revenue
Total revenue$66.54M
Contributions & grants$65.26M98%
Program service revenue$00%
Investment income$1.28M2%
Other revenue$0
expenses
Total expenses$2.41M
Program expenses78%
Admin / overhead20%
Fundraising2%
Salaries & benefits$1.36M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$71.40M
Cash$56.41M
Investments$1.93M
Liabilities$290K
Net assets$71.11M
Liquid reserves290.3 mo
2 years on record · 2023–2024 · YoY revenue +753.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
AHMED SAEED CHIEF EXECUTIVE OFFICER 40 $697K
SARAH FRANDSEN PRINCIPAL 40 $182K
CHIN-TING JENNIFER JIAN DIRECTOR OF FINANCE & OPERATIONS 40 $79K
board members · 4
  • MARK GALLOGLY — DIRECTOR AND CHAIR
  • PAUL BODNAR — DIRECTOR
  • TONY CURNES — DIRECTOR
  • WILLIAM R BAKER — DIRECTOR
relationships · 36

Who they work with

  • AVCA LP Advisory Council Coalition — Co-chaired this advisory council focused on private capital in Africa.
  • Acumen Partner — Started career at Acumen, an impact investment firm focused on developing economies.
  • African Infrastructure Investment Managers (AIIM) Partner — Manages the African Transition Acceleration Fund (ATAF), which ACP helped anchor.
  • Asian Development Bank Partner — Collaborated on the creation of platforms addressing climate and development challenges.
  • Bezos Earth Fund Funder — One of the leading global philanthropies supporting ACP.
  • Blue Horizons Funder — One of the leading global philanthropies supporting ACP.
  • British International Investment Partner — Served as a senior leader managing private equity fund investments prior to advising ACP.
  • Columbia University’s Center on Global Energy Policy Partner — Holds a board or advisory role
  • DFIs Partner — Engages with development finance institutions as institutional partners to advance climate and development finance.
  • David and Lucile Packard Foundation Partner — Mimi Alemayehou serves on the board of the David and Lucile Packard Foundation
  • FSD Africa Investments Partner — Jointly committed $50 million in catalytic capital to anchor the African Transition Acceleration Fund (ATAF).
  • GE Partner — Served on the board of directors
  • GPCA's DFI Council Coalition — Co-chaired this development finance institution council.
  • Global Energy Alliance for People and Planet Partner — Holds a board or advisory role
  • Goldman Sachs Partner — Served on the board of directors
  • Grupo Financiero Uno Partner — Held operational and investment roles in Central America.
  • MDBs Partner — Works with multilateral development banks as large-scale institutional partners in climate finance initiatives.
  • McKinsey & Company Partner — Previously worked at McKinsey in the Sustainability and Philanthropy practices.
  • Mission Possible Partnership Partner — Holds a board or advisory role
  • ONE Campaign Partner — Mimi Alemayehou serves on the board of the ONE Campaign
  • OpenMinds Partner — Holds a board or advisory role
  • PEWIN (Boston Chapter) Partner — Geraldine Alias co-chairs the Boston Chapter of PEWIN
  • Private Investors Partner — Collaborates with commercially-oriented private investors through senior capital investments and direct project financing.
  • Quadrature Climate Foundation Funder — One of the leading global philanthropies supporting ACP.
  • RMI Partner — Holds a board or advisory role
  • Rainier Climate Foundation Funder — One of the leading global philanthropies supporting ACP.
  • Roca Partner — Geraldine Alias sits on the Finance and Audit Committee of Roca, an organization focused on improving the lives of young people affected by incarceration, poverty, and racism
  • Sanergy / ReGen Organics Partner — Grew clean technology companies in emerging markets, including Sanergy / ReGen Organics, which deploys circular economy solutions in East Africa.
  • Shell Partner — Served on the board of directors
  • Soros Economic Development Fund Funder — One of the leading global philanthropies supporting ACP.
+ 6 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Catalytic Finance for Climate and Development
    methodology: catalytic-finance
    By deploying philanthropic and catalytic capital, the organization aims to de-risk and scale climate-related projects and businesses in developing economies, because early-stage, risk-tolerant financing can unlock private investment and create long-term systems change.
  • Integrated Strategy Alignment Across Sectors
    methodology: integrated-strategy-alignment
    By aligning commercial, financial, social, and environmental objectives, the organization ensures that climate investments advance equitable and sustainable outcomes, because integrated planning across domains strengthens long-term resilience and impact.
  • Locally Anchored Fund Partnerships
    methodology: local-partner fund anchoring
    By partnering with locally present investment firms to design and anchor funds, the organization addresses critical financing barriers in emerging markets, because local expertise and presence improve fund design, trust, and long-term viability.
  • Mission-Driven Investment with Expert Guidance
    methodology: mission-driven investment
    By combining mission-driven investment models with senior advisor expertise in emerging markets, the organization improves climate investment strategy, because deep market experience ensures higher-impact deployment of capital in complex regions.
  • Reinvestment of Returns for Scalable Impact
    methodology: reinvestment cycle
    By recycling 100% of investment returns into subsequent climate funds, the organization creates a self-reinforcing cycle of capital deployment, because sustained reinvestment amplifies long-term climate impact beyond initial philanthropic outlays.