Zurich, 21 November 2019 — Swiss impact asset manager responsAbility Investments is closing the responsAbility Fair Agriculture Fund, effective from 21 November 2019. The significantly reduced fund volume made it impossible to successfully pursue the fund’s investment strategy. The closure is taking place in order to protect the interests of the fund’s investors.
Zurich-based impact asset manager responsAbility will continue to manage the USD 670 m climate investment fund dedicated to mitigating climate change in emerging markets through 2024. This decision was confirmed by the fund’s board of directors this week.
A responsAbility-managed private equity fund focusing on financial inclusion is part of the successful listing of Fawry, the leading Egyptian provider of payment services to more than 20 million clients across all segments of the population.
responsAbility Investments AG, the international impact asset manager, has today closed a USD 175 million securitization of loans to microfinance and SME-finance institutions in emerging markets. The proceeds will be used to fund financial intermediaries providing capital to 30,000 small businesses and 5.6 million microfinance borrowers. 81% of the borrowers are women.
The Korea International Cooperation Agency (KOICA) and responsAbility Investments AG, an international asset manager headquartered in Switzerland, are teaming up to drive the development of renewable energy generation in Sub-Saharan Africa.
The global impact investing specialist responsAbility is strengthening its top level of management. Since 1 July 2019, Stephanie Bilo has been responsible for all investor-focused activities at the Zurich-based asset management company as Chief Client & Investment Solutions Officer.
A responsAbility-managed energy holding company has acquired a 26% interest in Renewable Energy Holdings (Pty) Ltd (REH), a leading South African based developer, owner and operator of run-of-river hydropower projects in Southern Africa.
d.light solar, a pioneering manufacturer and provider of solar power products, today announced that it has secured debt funding totaling USD 18 million from a consortium of lenders with a focus on the renewable energy space including two responsAbility-managed funds, SunFunder, DWM and SIMA. The financing will be used to further grow d.light’s operations across Africa.
Australian pension fund Christian Super announced today that it has acquired a significant minority shareholding in responsAbility Investments AG, the international asset manager headquartered in Switzerland, thereby becoming the company’s first international shareholder.