RG-M1243 : Scaling Up Impact Investing. The Essential Capital Consortium Fund

This projects contributes to building the impact investing marekt in Latin America and the Caribbean by supporting the structuring of the Essential Capital Consortium (ECC) Fund, the first global fund to be exclusevly focused on this emerging asset class. Impac investing targets for-profit enterprises that have high social and environmental benefits, and therfore seeks to achieve high social in addition to financial returns. The ECC fund expects to reach USD 50 MM and will be managed by the Deutche Bank¿s Community Development Finance Group, which has extensive experience and track-record in social impact investments. The Fund will utilize a very innovative financial structure that allows to offer creditors some protection against lossess while being able to extend senior and subordinated financing to profitable or near profit social enterprises. Sectors to be targetted by the Fund include green technologies and clean energy, health services, low-income housing, education and microfinance. The project will provide a USD 3 MM loan and a 300,000 Technical Assistance.