Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

WaterEquity Announces Closing of Its US$50 Million Flagship Impact Investment Fund

 

 

 

 

 

WaterEquity, the first-ever impact investment manager with an exclusive focus on ending the global water crisis, announced the closing of its flagship fund at US$50 million in total commitments. Investors include Bank of America, the Overseas Private Investment Corporation Ceniarth LLC, Niagara Cares, as well as the Conrad N. Hilton, Skoll, and Osprey Foundations. 

 

Founded by actor Matt Damon and social entrepreneur Gary White, WaterEquity’s funds invest in a portfolio of financial institutions and enterprises in emerging markets—enabling them to scale, meet increasing market demand, and deliver access to safe water and sanitation.

 

“We are extremely pleased at the response to our fund and appreciate the confidence our investors have placed in WaterEquity’s ability to drive positive social and financial impact,” said Alix Lebec, EVP, Investor Relations.

 

The fund’s investments target sustainable returns with high credit quality and are organized around three components: financial inclusion, gender-lens investing, and social enterprise financing. By investing in financial institutions and water and sanitation enterprises throughout India, Indonesia, Cambodia, and the Philippines, the fund aims to help 4.6 million people gain access to safe water or sanitation.

 

As of December, the fund made five investments totaling nearly US$17 million to financial institutions in India, Indonesia, and Cambodia to scale their water and sanitation lending portfolios. These investments enabled nearly 90,000 people to access safe water or sanitation. With gender equality and economic opportunity underpinning WaterEquity’s investment strategy—92% of these investments directly supported women and 81% of these women earn less than $4 a day.

 

“With nearly US$60 million in assets under management between two funds that address a more than $1 trillion market opportunity, WaterEquity is building momentum with a planned launch of a larger, global fund,” said Tom Light, Managing Director.

 

About WaterEquity

WaterEquity is the first-ever impact investment manager dedicated to ending the global water crisis, with an exclusive focus on raising and deploying capital to financial institutions and water and sanitation enterprises in emerging markets. Co-founded in 2017 by social entrepreneur Gary White and actor Matt Damon, WaterEquity combines decades of financial and in-market experience to provide investors a unique opportunity to drive positive social and financial impact.

 

Posted April 11, 2019

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

MORE or "UNCATEGORIZED"


Vapen MJ Ventures Closes CDN$6.1 Million Oversubscribed Non-Brokered Private Placement

Vapen MJ Ventures Corporation (CSE: VAPN) is pleased to announce ... READ MORE

May 23, 2019

AcuityAds Announces Closing of CDN$9.2 Million Bought Deal Offering

AcuityAds Holdings Inc. (TSX-V:AT), a technology leader that prov... READ MORE

May 23, 2019

EpiBone, Inc. Receives FDA Clearance to Commence its First-In-Human, Phase 1/2 Trial of its Bone Product, EB-CMF

EpiBone, Inc. today announced that the U.S. Food and Drug Adminis... READ MORE

May 23, 2019

Ultrasound Scanners Market to Skyrocket with AI, Cloud, and Portable and Ultra-portable Systems

The mature, yet dynamic ultrasound market generated $6.12 billion... READ MORE

May 23, 2019

Canopy Growth acquires established skincare and well-being company This Works®

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) has finalized a... READ MORE

May 23, 2019

Copyright 2019 The Venture Report