Afterglow Climate Justice Fund raises $71.5 million for community clean-energy lending

Candide Group's Afterglow Climate Justice Fund raised $71.5m against a $100m ceiling to lend flexibly to small, first-time clean-energy developers banks avoid. Foundations including MacArthur provide subordinated debt; $35m is already lent. A blended structure showing how catalytic money can pave the way for commercial capital.