Lex: FT’s flagship investment column
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One practical way forward is blended finance, where philanthropic and public capital absorb the early, higher‑risk stages of a project, reshaping the risk‑return profile so commercial investors, normally wary of such investments, can come in at scale. This is not a theoretical solution: More than 1,100 blended-finance transactions totaling $213 billion show that well-designed catalytic structures can unlock private capital.