New Spanish AM Venture Aims to Raise €50m for Impact Bets

Print
 
Jul 2020
Global , July, 02 2020 - The Luxembourg-domiciled fund, which is formally called the Global Social Impact (GSI) fund, will focus on business models in sub-Saharan Africa and will aim to expand into the Latin American market in the near future.

Spanish group Mapfre Asset Management and Global Social Impact Investments have combined to launch a social impact fund designed to invest in frontier and emerging market opportunities.

The Luxembourg-domiciled fund, which is formally called the Global Social Impact (GSI) fund, will focus on business models in sub-Saharan Africa and will aim to expand into the Latin American market in the near future.

It will invest in three sectors: agriculture, energy and financial inclusion. Mapfre said GSI will manage the fund with support from Santa Comba and the wider Mapfre Group as its leading investors, while Mapfre AM will act as an investment adviser.

Mapfre said the new launch reinforces its support for ESG and impact investing while embracing a ‘theory of change’ model. This involves a five-step process used to measure improvements in quality of life for people, communities and companies.

Commenting on the launch, José Luis Jiménez, chief investment officer at Mapfre, said: ‘We believe that impact investment has a long way to go and, after the pandemic, socially responsible investment is going to emerge stronger, particularly investments made with social criteria.’



 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More