WaterEquity Raises $100 Million for Water and Climate Resilience Fund in Emerging Markets

WaterEquity, a private asset manager specializing in water and sanitation solutions in emerging markets, has surpassed $100 million in funding for its Water & Climate Resilience Fund. This new investment fund includes backing from corporate, foundation, and institutional investors, such as Microsoft, Starbucks, and Xylem, among others. The fund aims to address water and sanitation challenges, particularly in regions vulnerable to climate change impacts.

The fund focuses on investing in projects across the water value chain, such as bulk water supply, wastewater treatment, and water reuse, with a target of providing safe water or sanitation access to 15 million people in Africa, Asia, and Latin America. This milestone reflects a broader commitment to building climate-resilient infrastructure and advancing Sustainable Development Goal 6, which seeks to ensure clean water and sanitation for all.

WaterEquity, co-founded by Matt Damon and Gary White, has raised over half of its $200 million target, which will fund initiatives to mitigate water scarcity and improve infrastructure. One of the fund’s initial investments includes a company in India specializing in rainwater harvesting systems, addressing water scarcity and flood mitigation in water-stressed regions.

This initiative is part of a larger strategy to mobilize private investment in climate-resilient water infrastructure, targeting low-income populations and vulnerable communities. Through this effort, WaterEquity continues to bridge the gap in global water and sanitation investment, which remains underfunded amid growing climate risks.