The London-based alternative asset manager will use the investment to expand its network of biodiversity hotspots, which will generate income through the sale of credits.
Efforts to create impact should be maintained throughout the term of an impact investment, while the benefits should be made clearer to the institutions backing impact funds, researchers say.
The first portfolio secondary transaction by BII is part of a strategy to mobilise more investment in emerging markets by de-risking and encouraging capital flows into countries where funding is in short supply.
The organisation seeks to provide $1bn of guarantees to mobilise climate change-related investment for borrowers in developing countries, backed by capital from various state-level investors.
The blended finance fund, which invests in green energy and infrastructure in developing countries, is focused on climate mitigation and adaptation, social development, economic infrastructure and gender equality investment.
A £10m commitment from the social impact investor bolsters a fund expected to finance thousands of new homes and which has now made its first deployment.
The GSG is entering its second decade at a time of rapid change for the industry it is helping to build. CEO Cliff Prior believes the diverse nature of global economies should be considered when shaping the sector’s future.
A $70m guarantee supports a sustainability bond and a loan for CamGSM, which will use the proceeds to provide improved telecoms services for a million Cambodians.
The UK-based investor said money committed so far was being invested in 19 startups, including six in Germany, where it has established a hub in Berlin.
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