Goodwell Investments has been appointed to the seventh edition of the ImpactAssets 50 (IA 50). The IA 50 is a leading and trusted resource for impact investors. The guide features 50 fund managers that deliver social and environmental impact as well as financial returns.
The recognition comes as Goodwell steps up its fundraising campaign for its EUR 100 million uMunthu fund. The uMunthu fund focuses on providing risk capital and hands-on support to local entrepreneurs and innovative institutions working to build inclusive economic growth across various regions in Sub-Saharan Africa. Half of the fund is expected to be invested in financial services; the other half in agriculture, health and sanitation, energy, transport and education. To date, Goodwell has raised 20 million Euro for its new fund from private investors taking an interest in the human and economic potential offered by the African continent. The firm has already made 8 investments from its new fund, in leading African fintechs and other technology businesses as well as fast growing microfinance institutions and other impact businesses.
“The 2017-18 IA 50 highlights a strong field of managers across an increasingly rich marketplace of impact fund opportunities,” said Jennifer Kenning, CEO of Align Impact, and IA 50 Senior Investment Advisor. Els Boerhof, partner of Goodwell Investments: “We are excited to be named to IA 50 as it confirms our solid track record in the impact space. The listing also helps us clarify to investors around the globe that uMunthu is one of only a few impact funds focusing on the huge opportunities in the inclusive economy in Africa.’
About Goodwell Investments
Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing basic goods and services and income generation opportunities to the underserved in Africa and India. The firm provides early stage equity to high growth high impact businesses. With a track record of more than 10 years, the firm demonstrates that it is possible to be commercially successful while having an impact at the same time. Goodwell’s 25 portfolio companies have reached over 12 million households with more than USD 1.7 billion in financial products and services, and employ more than 30,000 employees.
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments delivering financial, social and environmental returns. The ImpactAssets 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options. These 50 firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes. The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. For more details on the selection process are here.