
Explore blended and sustainable finance foundations and advanced insights through hands-on, on-demand and live-interaction learning. Access frequent updates, diagnostic tools, and immersive workshops to accelerate your career.
Explore the complete course outline for blended and sustainable finance, covering structure, positioning, esg, mobilisation rates, six financial building blocks, and real-life deal exercises.
Explore the course resource library, a curated, up-to-date set of downloadable industry reports, insights, and data from leading organisations like convergence and the OECD for sustainable finance practice.
Learn how this course helps you structure, strategise, and position a blended and sustainable finance initiative. Build depth to attract funders, investors, and partners and align with global trends.
Explore how sustainable finance, blended finance, and ESG integration mobilise capital toward environmental and social outcomes, including renewable energy, climate resilience, inclusive communities, and well-governed organisations.
Explore blended finance as a catalytic public–private funding approach that mobilizes private capital for development and the SDGs, detailing the players, capital types, and risk dynamics.
Explore mobilisation rates in blended finance, including private, commercial, and DFIs' and MDBs' leverage, with current averages of 1.8x, 3.8x, and 0.6x.
Define concessional capital as funding below market rates with long tenors or grants, and describe catalytic capital as risk-reducing funding that attracts private investment, while highlighting official development assistance.
Analyze mobilization rates for Mirova's $200 million blended fund in sustainable land use, comparing concessional and senior capital and DFI or MDB leverage.
Analyze blended finance by the numbers: about 18 billion in 2024 and deals from 96 to 123, per OECD estimates, while questioning the 4 trillion SDG gap and private funding.
Explore how blended and innovative finance advances the sustainable development goals and how the private sector perceives risk, noting that less than 20% of sdgs are on track.
Explore $4 trillion funding gap for the sdgs and map flows from oda, mdbs, dfis, remittances, not-for-profits, and private capital, as energy, water and infrastructure make up almost half.
Private sector capital sits on the sidelines due to perceived credit, currency, and country risks in developing markets, despite $30 trillion in ESG investments and growing interest in blended finance.
Selective risk mitigation unlocks private capital by using concessional grants to offset losses from currency depreciation, reducing country and political risks in renewable energy projects.
Explain how the caf facility uses a $100 million first-loss concessional layer to catalyze private investment by providing political risk insurance against war, expropriation, transfer and breach of contract.
Rethink blended finance to close the $4 trillion SDG funding gap by mobilising private capital through innovative mechanisms, uniting public, not-for-profit, and private sectors around a common language.
Explore the six fundamental financial building blocks—grants, loans, equity, insurance guarantees, and the other category—and understand how they combine to form blended and innovative finance structures.
Explore the capital stack, showing how debt and equity finance a project by priority, risk, and return, from senior secured debt to equity, and its link to capital structure.
Understand grants in blended finance, from non-repayable to repayable, along with technical assistance, trust funds, fiduciary risk, and how the World Bank mobilizes private capital for SDGs.
Understand loan structures, metrics, and risk in blended finance, including amortizing loans, grace periods, tenor, IRR, credit risk, intercreditor agreements, and mezzanine and concessional debt.
Explore equity financing in blended finance, including private equity, where partial ownership funds ventures with no obligation to repay, contrasting with debt and highlighting market risk and capital stack.
Explore the mechanics of equity transactions, where investors acquire shares via a subscription agreement, hold a residual claim after debt, and navigate governance through preferred or common shares.
Explore how dividends distribute profits to shareholders, with preferred shares’ priority and domicile laws; dividends require sufficient profits and shareholder approval, and may be restricted before senior debt is paid.
Explore how private equity investors realize returns through exit events such as secondary sale, company acquisition, IPO, and management buyouts, including the role of liquidation as a last resort.
Explore how blended finance uses insurance to mobilize private funding for sustainable development. Learn about political risk insurance and parametric insurance, including rapid payouts tied to event magnitude.
Explore how guarantees in development finance mobilise private sector funding by reducing credit risk, with concessional pricing defining blended finance guarantees.
Examine derivatives such as forwards, swaps, options, and futures that hedge risks and mobilize private capital for sustainable development, including currency and interest rate swaps and a tailored proxy hedge.
Explore how the Gavi alliance uses the Covax advance market commitment to remove vaccine market risks, secure upfront grants, and enable early production for global vaccination.
Explore the complete development finance spectrum, mapping public, not-for-profit, and private sector players, their motivations, capital types, and financial products, and how concessional funds catalyze private investment.
Compare funder motivations across the funding spectrum in blended finance, from risk-absorbing government and development agency funds to repayable private capital, and explore grant, concessional, and co-financed structures.
Explore how different capital types shape blended finance, from non-repayable grants to private-sector returns, and learn to model floor and hurdle rates for catalytic capital.
Explore the six financial building blocks across the spectrum, from grants to private sector instruments like loans, equity, and insurance, and examine how risk and returns shape bankable funding.
Examine development agencies' role in blended finance, prioritizing development outcomes over reflows and providing concessional funding through grants and low-interest loans. Tools vary, including grants, loans, equity, and guarantees.
Analyze dfis, mdbs, and ecas, focusing on ownership, funding mix, and their role in blended finance to mobilize private investment for sdgs.
Explore how not-for-profit NGOs use blended and innovative finance to scale development outcomes, bridging public and private sectors through ventures like Save the Children Global Ventures and Care Enterprises.
Foundations such as the Gates Foundation, Rockefeller Foundation, and MacArthur Foundation fund sustainable development and close the SDG funding gap through endowments and catalytic grants.
Identify impact investors and fund managers who deploy funds to create measurable social and environmental impact alongside financial returns, and explore blended finance that mobilizes SDG funding globally.
Corporates, institutional investors, and banks mobilize large funds, move quickly, and provide credibility to accelerate blended finance and climate finance opportunities.
Explore how BlackRock's climate finance platform mobilizes private capital for the SDGs through blended finance, with public sector development agencies and not-for-profit entities providing junior and senior tranches.
Discover how catalytic capital builds bridges to bankability and scales pre-market initiatives. See how movement of capital in the development finance spectrum enables sustainable finance and market led solutions.
Move microfinance toward bankability through concessional and catalytic capital, as Iman in Tajikistan and the Mirova fund show blended finance linking small and medium enterprises to private investors.
Explore how catalytic capital and blended finance unlock sustainable financing, discuss increasing capital flows, assess initiatives with metrics, and consider funding ecosystems beyond project-by-project financing.
Decode how blended finance structures, from multi-donor trust funds to debt-for-nature swaps, reveal foundational principles and how clear structure diagrams map entities, contracts, and funding.
Explore the CTF concessional loan fund, a multi-donor trust financing climate projects through grants, loans, equity and guarantees, with IBRD as trustee and MDBs delivering funds.
Learn the key elements of a wiring diagram that shows funds flowing from donors and investors to beneficiaries through entities and vehicles, with governance, document names, and concessional financings.
Explore the three main blended finance vehicle types—trust fund, limited partnership, and special purpose vehicle—and compare donor, recipient, and intermediary roles, funding instruments, and due diligence across real-world examples.
Facilitate a debt-for-nature swap in Barbados via a blue loan that lowers external debt costs and directs debt-service savings to marine conservation, backed by IADB and The Nature Conservancy guarantees.
Explain how cash flows move through a financial waterfall from senior to junior equity, highlighting first loss, catalytic capital, senior floor, hurdle, carry, and junior cap.
Examine fiduciary risk and fiduciary relationships in blended finance, defining risks of misused funds and mismanagement, and the trust-based duties of care, loyalty, and honesty between principals and agents.
Identify the key levers to unleash blended finance, such as selective risk mitigation, catalytic capital, and building bankable pipelines aligned with SDGs and country plans.
Elevate the impact and effectiveness of development agencies by assessing sustainability pathways, de-risking private sector engagement, and accelerating concessional capital deployment through recyclable ODA, repayable mechanisms, royalties, and profit sharing.
DFIs and MDBs grow impact by boosting private sector mobilisation through sophistication, leveraging preferred creditor status in public-private financings, and exploring oda-like grant financings with royalties or profit sharing.
Impact investors, fund managers, and advisors design initiatives that address gaps and development needs while aligning with partners, using logic models and impact measures, and managing fiduciary risk.
Grow impact for private sector entities in blended finance by leveraging scale and networks, exploring natural capital as an asset class, and using catalytic capital to unlock SDGs funding.
Emphasize conversion over pure financial engineering by aligning stakeholders in blended finance, and boost scale through internal capacity building and a neutral advisor.
Assess your blended finance readiness with the conversion readiness diagnostic, evaluating organisational capacity, stakeholder intelligence, and alignment agility to identify your profile and boost conversion.
Identify your organization's readiness profile from five types, such as the integrated performer and emerging strategist, to reveal patterns and insights that guide move from concept to execution.
Reflect on today’s progress in blended and innovative finance, identify development outcomes, additionality, and partnerships to optimize structure, resources, and impact.
This course is designed for professionals working in sustainable finance, blended finance, climate finance, impact investing, ESG investing, and development finance. Blended finance is one of the most powerful tools used to mobilize private capital for sustainable finance and development — yet many initiatives struggle to reach execution. The Complete Course in Blended and Sustainable Finance is a comprehensive, practical, and interactive program designed to help you move from concept to committed capital.
Unlike most blended and sustainable finance courses, this program focuses on how transactions actually get structured, aligned, and executed in practice — increasing the probability that promising ideas successfully reach financial close.
This course is designed to significantly accelerate your career and strengthen your organization’s ability to structure and execute blended finance initiatives across climate, development, and impact investment contexts.
Drawing on decades of real-world advisory experience, global case studies, and insights from leading international forums and market initiatives, the course provides a clear and practical understanding of how blended and sustainable finance works in practice.
Learn how to:
Significantly increase your capacity and expertise as a blended and sustainable finance practitioner and advance your career
Improve your organization's ability to engage in and execute complex blended and innovative finance transactions
Extend your technical skills in blended and innovative finance structures and vehicles
Learn the key fundamentals of blended and sustainable finance, as well as the higher level strategic requirements to succeed
Understand the massive funding gaps for Sustainable Development Goals (SGDs), and why blended and innovative finance hold the keys to closing these gaps
Understand fully the development and sustainable finance landscape, players, products, and motivations
Master the six fundamental financial building blocks that unlock all blended and innovative finance structures
Employ the Blended Finance Conversion Readiness Diagnostic - and see how ready your organization is to efficiently convert ideas to success
Uncover the secrets of using blended and innovative finance to achieve global sustainable development objectives
Learn why Conversion is king - converting worthy ideas to successful conclusion requires careful approaches
Learn how to spot challenges, address issues early on, and avoid having small snags stall your initiatives
This course is for:
Practitioners seeking to advance their career in development and sustainable finance, impact investing, and blended finance
Organizations seeking to up their teams' capacities in all areas of innovative finance
NGOs, major foundations, international donors, impact funds, and investment banks
Participants with limited finance background receive both required fundamentals and strategic insights
ESG and sustainability teams ambitious to understsand blended and innovative finance
Impact funds and proponents of new initiatives wanting to help their deal succeed
All corporate departments wanting to increase their capability in this fast growing area
Description
This course delivers everything you need to increase your, as well as your organization's, capacity in the rewarding and rapidly growing field of blended and sustainable finance for development. Created by practitioners for practitioners.
You receive a dynamic, comprehensive learning experience:
Comprehensive and powerful placemat deck summarizing key concepts
Extensive resources, including Corporate assessment tools, interactive spreadsheets, case studies, current data, and industry reports
“Check Your Learning” Pre and Post Course Quiz
First of kind Conversion Readiness Diagnostic assessment that you can use today
Complete Glossary of relevant blended and innovative finance terms and concepts
Real-life blended finance examples and case studies, including high-profile climate finance initiatives
“Deep Dive” additional case material to deepen your knowledge and obtain crucial technical background
Hours of professional and engaging Full-HD video
The course begins by introducing you to the global development funding imperative, why your role in sustainable finance is more crucial now than ever, and how your organization can help fill crucial funding gaps for SDGs and other climate and global targets by using the newest blended and innovative finance techniques.
You will learn about the latest new funding mechanisms on the drawing board and in the market. We will unpack in detail the newest mechanisms announced, and what they mean.
You will learn the “what and why” of blended and innovative finance from practitioners. Including key players, achievements and challenges. You will discover the complex and evolving development and sustainable finance landscape, including players, products and motivations. From there, you will be guided through the fundamental financial “building blocks” – the essence of all blended, sustainable and innovative finance initiatives! And you will gain clarity and confidence about the role of complex financing mechanisms such as mezzanine, tiered equity, first loss capital, backstops and indemnities, among others.
You will discover key concepts – giving you and your organization the tools and confidence you need to be a difference-maker mobilizing substantial private-sector capital for global development objectives.
The best part is that we demystify and simplify complex terms and ideas. All key buzz words and technical terms are broken down into basic concepts and step-by-step learning. Also, you can do “deep dives” for extra background learning and context.
A powerful diagnostic framework to help you assess your organization's readiness to engage is included. This helps organizations understand their strengths and weaknesses in engaging in this field, in order to achieve more success in these initiatives.
Plus, you have access to 24/7 Q&A – anything you want to ask!
New modules are added frequently.
You will learn everything you need to grow your and your organization's ability to partner in achieving global goals. Whether you work for an NGO, donor agency, foundation, development bank, impact investor, or commercial bank, this is the course for you!
What makes this course different from other blended and sustainable finance courses online?
Complete, up-to-date and grounded in current financing approaches: we cover all the concepts with up-to-the-minute announcements to accelerate your career in blended and innovative finance for development
We bridge the worlds of development finance and complex banking, with a firm focus on the development imperative and mobilizing funding for SDGs and sustainable objectives
Expert instructors: 30 years of hands-on experience as practitioners conducting and closing blended and sustainable finance in developing countries; senior management positions at major institutions; advisory to most major development finance institutions worldwide
Experiential learning and case studies: real-life examples including tiered structures, first loss capital, advance market commitments, concessional financing, and other relevant techniques.
High quality training production: Full HD video and dynamic content – we make learning fun and captivating!
Diagnostic tools
Extensive additional material: latest research and data, insight material, and placemat deck
Q&A 24/7: clarify concepts, ask questions, dig deeper! We will respond within 1 business day
Lively training pace: clear, to-the-point, informative modules
Why advance your, and your organization's, capacity in blended and sustainable finance?
Simply put, improving people and planet is a shared goal. Improving lives for the poorest and most vulnerable and increasing sustainable development are paramount concerns.
How many jobs can change the course of human development? How many organizations can have an impact on climate resilience? How many careers can permanently improve the lives of countless populations across the developing world? How many professions can mobilize billions of dollars for global sustainable development objectives?
This course puts the power of innovative finance in your hands, unlocking your organization's potential, and giving you the tools and expertise you need to transform lives around the world and help your initiatives succeed.
The blended and sustainable finance industry is dynamic, global, and quickly evolving.
The skills you develop with our course will advance career paths in the world’s leading development banks, major foundations and NGOs, commercial lenders, impact investors, and international development agencies. You can join the most sophisticated and influential global organizations advancing our common development agenda.
These skills are valued by organizations across the spectrum, from foundations like Gates and Rockefeller, to the World Bank and IFC, to investment banks like Goldman Sachs and JP Morgan. By opening up these new vistas for your career potential, the sky is the limit!
So don’t wait – subscribe today and build capacity in your teams. You need these skills, to keep pace with the rapidly changing world of blended and innovative finance.
About Us:
Crystalus is a global leader in training and advising in the areas of blended and sustainable finance. We offer training for practitioners, by practitioners – with insights and expertise from across the entire spectrum.
You know the world of sustainable finance is complex – myriad players, diverse structures, countless risks. First-loss indemnities, partial risk guarantees, local currency backstops, green bonds, social bonds, development impact bonds, fund-of-funds, advance market commitments – how to make sense of it all?
We give you the tools and skills to navigate this broad and evolving landscape, so you can maximize development outcomes, maintain momentum, and create successful initiatives. You can address all your learning and knowledge needs in one place, from the basic financial building blocks and context, to advanced concepts and thought leadership. You don't need a background in finance to take this course. And if you are a seasoned practitioner, you will gain incredible new insights, capabilities and tools.
We’ve trained and mentored thousands of professionals just like you from all over the world, in all areas of innovative, structured and sustainable finance. We are world-renowned experts, having structured and closed billions of dollars in funding transactions around the globe spanning multiple industry sectors. In addition, we’ve advised on over $10 billion in new sustainable finance initiatives. We know the players, products and structures – inside and out.
It’s about harnessing the power of innovation – financial and development – to mobilize trillions of dollars for global development objectives. Our training unlocks your potential, giving you the tools and expertise you need to transform lives around the world, protect our planet and help to ensure your initiatives succeed!