Goodwell selected for list of outstanding impact fund managers IA 50
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.’