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The Acumen Capital Markets Latin America Fund to provide finance to early stage impact businesses

Apr 14, 2016

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, recently approved an equity investment of US$3,000,000 for project “The Acumen Capital Markets Latin America Fund,” in order to boost the capacity of businesses that generate positive social or environmental impact in Latin America.

Specifically, the project will support the structuring of the Acumen Capital Markets Latin America Fund (ACM Latam), an impact investing vehicle that will provide equity and quasiequity financing to profitable or near profitable early stage impact businesses. The Fund will focus on high-impact sectors, including inclusive agriculture, affordable education, clean energy, health and housing. The main target countries will be Colombia and Peru with some investments expected to take place in Central America. 

The Fund will be managed by Acumen, an experienced fund manager headquartered in the U.S. with offices in Latin America, Africa and Asia. The project consists of a MIF equity investment of up to USD 3 MM in the ACM Latam Fund. The Fund is expected to finance 8-10 impact businesses and benefit nearly 200,000 poor and low-income people with increased access to essential products and services and/or income generating opportunities. Furthermore, through this investment the MIF will be enabling the transferring of a global impact investment practice to Latin America, contributing with its own knowledge of the regional market.

About Acumen

Acumen is a socially-oriented investment manager operating in the impact investing market since 2001. A pioneer in this space, Acumen has successfully deployed capital to nearly 80 businesses in Africa and Asia, generating important financial and social impact in sectors such as healthcare, education, housing and agribusinesses

About the Multilateral Investment Fund

The Multilateral Investment Fund is the innovation lab for the Inter-American Development Bank Group. It conducts high-risk experiments to test new models for engaging and inspiring the private sector to solve economic development problems in Latin America and the Caribbean. The MIF addresses poverty and vulnerability by focusing on emerging businesses and smallholder farmers with the capacity to grow and create economic opportunities.

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