Global Partnerships Named To List Of Top 50 Impact Investment Fund Managers
Seattle, Wash., – Global Partnerships (GP), a Seattle-based nonprofit that invests in microfinance and other sustainable poverty solutions, was selected in the inaugural ImpactAssets 50, a list of leading private debt and equity fund managers that deliver social and environmental value in addition to financial returns. The list was announced today.
“We are honored to be recognized as a leader among impact investors,” said Mark Coffey, chief investment officer for GP. “Inclusion in the ImpactAssets 50 is a testament to our strong track record as a fund manager, and our commitment to reaching underserved communities in Latin America with the most effective solutions.”
Since 2005, Global Partnerships has created four debt funds—ranging from $2 million to its most recent fund of $25 million—that provide affordable loans to a select portfolio of microfinance organizations and cooperatives, its partners. In identifying partners, GP prioritizes organizations that reach people most in need of credit, such as the rural poor, and which provide borrowers with not just microloans but “microfinance-plus” services such as preventive health care, business education and agricultural training.
“Impact investing” refers to investment vehicles built to solve the world’s most pressing social challenges, while offering investors social and financial returns. The ImpactAssets 50 is intended to help investors make sense of the expanding universe of impact investing, and will provide financial and impact information on each manager.
About Global Partnerships: Global Partnerships (GP) is a Seattle- and Managua-based nonprofit that expands opportunity for people living in poverty. As of March 31, 2011, GP had $40.2 million in capital invested in 28 exceptional microfinance partners in seven countries in Latin America, which together serve 880,000 borrowers. Find out more at www.globalpartnerships.org.
About ImpactAssets: ImpactAssets is a nonprofit financial services company created to help solve the world’s toughest problems by catalyzing investment capital for maximum environmental, social and financial impact. The ImpactAssets 50 is the first “open source,” publicly published list of private debt and equity impact investment fund managers and is intended to serve as a gateway into the world of impact investing for investors and their financial advisors. www.impactassets.org/impactassets-50/