SEATTLE--(BUSINESS WIRE)-- It was announced that Global Partnerships (GP), a leading nonprofit social investor, was selected for the second straight year to be part of ImpactAssets 50 (IA 50), an open-source, public database of experienced private debt and equity impact investment fund managers.
Crediflorida, a partner of Global Partnerships (GP), is a 6,000-member savings and credit fair trade coffee cooperative in La Merced, Peru that delivers training and technical assistance to its members. With GP's support, Crediflorida has helped create more sustainable livelihoods. Here, a Crediflorida member works to ship coffee beans to local and global markets. Photo credit: Patrick Bennett/Seattle.
The IA 50 is an annual list that offers investors and their wealth advisors an easy way to identify experienced impact investors and explore potential investment options. A committee of industry experts chaired by ImpactAssets’ chief strategist, Jed Emerson, selected GP based on criteria including: having more than three years of experience in the impact investing field; investing through private debt or equity; and demonstrating commitment to social and environmental impact.
For 18 years, GP has been dedicated to expanding opportunity for people living in poverty. In 2005, GP began its investment funds, which deploy a range of capital to high-impact programs in Latin America and the Caribbean. The funds offer below-market financial returns with significant social returns—resulting in a positive difference in the lives of impoverished people. GP has raised over $55 million in investment capital and has repaid investors 100 percent on time.
“We are honored to be recognized for our experience in reaching underserved communities with sustainable solutions to alleviate poverty,” said Mark Coffey, chief investment officer for GP. “Inclusion in IA 50 for the second year in a row signals that we continue to move in the right direction in this nascent field of impact investing.”
GP is partnered with 32 mission-aligned microfinance institutions and cooperatives in 11 countries in Latin America and the Caribbean. Selected by a thorough due diligence process, GP’s partners combine loans with essential non-financial services in four impact areas: health services, micro-entrepreneurship education, technical assistance for farmers, and green technology.
About Global Partnerships:
Founded in 1994, Global Partnerships (GP) is a leading nonprofit social investor based in Seattle, WA and Managua, Nicaragua whose mission is to expand opportunity for people living in poverty. GP invests in and develops market-sustained solutions to help impoverished people in Latin America and the Caribbean earn a living and improve their lives. More at www.globalpartnerships.org.
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Global Partnerships
Ms. Mỹ Lệ Thi Goel, 206-652-8773
VP, Marketing & Communications
mgoel@globalpartnerships.org
Source: Global Partnerships