SunColombia provides on- and off-grid solar energy solutions to some of the most remote and poverty-stricken parts of Colombia. Crehana Education is one of the largest online learning platforms in Latin America, providing online training to over 2 million young adults. For example, Phoenix Foods is a Peruvian agribusiness that sources fruits and vegetables from small and medium-sized farmers and then process and sells its value-added products to local and international markets. While some investees are thriving in the midst of COVID-19, all have business value propositions that make their services even more relevant in a post-pandemic world. To date, ALEG has made four investments in companies with socially or environmentally-focused business models, which also serves as the companies’ competitive advantage. We are proud to be one of ALIVE’s local allies,” commented Lina María Montoya, Managing Director at Bancolombia Foundation. ALIVE is mobilizing important resources, both local and international, to grow this sector in the country. “Bancolombia Foundation has ventured to support the development of the impact investment ecosystem in Colombia. “We are excited to join other leading impact investors in supporting the ALEG team as they bridge a financing gap that so often hinders small- and medium-sized businesses, especially in emerging markets,” added Debra Schwartz, Managing Director of Impact Investments for MacArthur. “As a global investor committed to developing the financial ecosystem for missing-middle SMEs, DGGF is excited about our investment in ALEG, which is our first investment in a fund in the region, and we are proud to partner with ALIVE in their mission to finance and grow impactful businesses in Latin America,” said Clemens Gerteiser, Director and Head Fund Investments at DGGF. “As a leading investor in funds in Latin America, IDB Lab was attracted to ALEG’s experienced team and commitment to achieving impact while also generating healthy returns for Limited Partners,” said Mosi Mosquera, Senior Specialist from the IDB Lab. MacArthur Foundation, as well as Latin American institutional investors, such as Bancoldex, Mercantil Colpatria, Fundacion Bancolombia, Fundacion Sura and Fundacion, and Fundacion WWB Colombia. Other investors in ALEG include global institutional investors such as IDB Lab (member of the Inter-American Development Bank Group), the Dutch Good Growth Fund (DGGF) and the John D. “We are proud to expand Acumen’s critical investments into Latin America and develop new, local business models centered around the welfare of low-income communities and the environment,” said Jacqueline Novogratz, Founder and CEO of Acumen. “We feel a great responsibility in using this fund to maximize benefit for society while returning risk-adjusted returns to our investors,” said Santiago Alvarez, Co-Founder and Managing Partner of ALIVE.Īcumen, a global organization whose impact-focused investments and programs are changing the way the world tackles poverty, sponsored the creation of ALIVE and ALEG to support mission-driven companies and local investment teams in Latin America. “Today, more than ever, Latin America needs companies that create opportunities for the most vulnerable segments of society and take care of all stakeholders–suppliers, customers, employees, the environment and, also, shareholders,” said Virgilio Barco, Co-Founder and Managing Partner of ALIVE. Education and Access to Formal Employmentīeyond investment capital, ALEG provides sector expertise, portfolio management experience, access to global networks and technical assistance to increase the success and impact of its investees.ALEG’s investee companies operate proven, scalable, and innovative business models in three key sectors: ( Press Release) Acumen LatAm Impact Ventures (ALIVE, previously Acumen LatAm Capital Partners or ALCP) is pleased to announce the final close of its first fund: the Acumen Latin America Early Growth Fund (ALEG) at US$28 million.ĪLEG is a unique fund in Latin America that invests in innovative, impact-driven early-growth companies, resilient to the existing economic crisis, that are addressing the challenges faced by low-income communities, particularly in Colombia and Peru. Institutional LPs include Bancoldex, Mercantil Colpatria, Fundación Bancolombia, Fundación Sura, and Fundación WWB Colombia. The fund will focus on agribusiness, education, and clean energy in Colombia and Peru. ALIVE Ventures, formerly Acumen LatAm Capital Partners, reached a final close for its US$28m Latin America Early Growth Fund.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |