The Spanish fund manager Impact Bridge, specialized in impact investing, has launched the IB Impact Direct Debt FILa new impact vehicle direct private debt focused on developing countrieswith a target size of 50 million euros and that already has 15 million euros committed from different institutional investors.
His first two investments are One Acre Funda social enterprise that finances small farmers in sub-Saharan Africa, and the bond blue of the International Bank of Ecuador, which promotes sustainable fishing projects and the good use of water. It has allocated one million and three million euros to them, respectively.
The manager’s fourth fund addresses five main impact themes: access to basic services, mitigation and adaptation to climate change, women’s empowerment, creation of decent employment and financial inclusion.
Your target annual return is 4% to 6%with an “authentic, measurable and intentional” impact, according to the firm.
Alejandra Pereda, senior investment analyst at Impact Bridge, considers that “this new fund is the ideal instrument to contribute to the solution of some of humanity’s greatest challenges,” given that it uses “sophisticated financing tools that combine attractive financial returns with a very significant social and environmental impact.”
Sixth gear of impact
Impact Bridge is one of the Spanish managers that are revolutionizing impact investing, and its actions are increasingly echoed in the market. A few days ago he joined Maria Samoilova to lead the fund IB Debt Impact Spainfrom JP Morgan, where he was responsible for Mergers and Acquisitions (M&A) for Spain and Portugal.
This penultimate fund was launched last summer with the capacity to 150 million eurosvolume of which obtained commitments from the European Investment Fund (30 million) and MicroBank, CaixaBank’s social bank (10 million).
