Investing in financial institutions in growth markets
Successful capital increase of a responsAbility equity investment vehicle
Zurich, 20 May 2015 – An equity investment vehicle managed by responsAbility Investments AG, which focuses on participations in solid financial services providers in developing and emerging economies, has successfully completed a CHF 74.75 million capital increase. The capital will be used to further expand a portfolio of participations in solid financial services providers in these markets. The responsAbility investment vehicle currently holds minority participations in four financial institutions and a network of financial services providers. The portfolio companies operate in a total of 21 countries.
Following the successful completion of the capital increase of 17 April 2015, the subscribed equity capital of the responsAbility investment vehicle increased by CHF 74.75 million to CHF 117.2 million. The shareholders of the vehicle include pension funds, renowned Swiss banks, qualified private investors and the KfW Group.
The responsAbility investment vehicle wants to achieve a capitalization of CHF 250 million. The capital will be used to further expand a portfolio of minority participations in solid financial services providers in developing and emerging economies. The financial institutions in the portfolio serve broad sections of the population – particularly low-income households and micro, small and medium-sized enterprises – and have attractive growth potential. The responsAbility investment vehicle actively assists the financial services providers in implementing growth, formalization or consolidation strategies such as the transformation of a microfinance institution into a bank.
Rochus Mommartz, CEO of the investment vehicle, explained: “In growth markets around the world, increasing numbers of providers are maturing and developing into solid financial institutions, which need capital to fund their further expansion. Our investment vehicle offers its investors access to very dynamic non-listed growth companies that we closely and actively support. The financial services providers in question serve increasingly broad sections of the population and thus make a substantial contribution towards development and prosperity in their markets.”
responsAbility Investments AG
Ulli Janett, Media Relations
Telefon: +41 44 250 67 15
E-mail: ulli.janett [at] responsAbility.com
About the responsAbility investment vehicle
The investment vehicle is a public limited company under Swiss law that was founded in May 2012. The investment company invests in the rapidly expanding micro, small and medium enterprise finance sector (MSME finance) in developing and emerging economies. The company focuses on participations in suitable financial services providers that are well positioned in markets with significant development potential. As a strategically and operationally active long-term investor, the vehicle supports and advises the companies on the next stages in the growth and formalization of their business. The assets of the investment vehicle are managed by responsAbility Investments AG.
About responsAbility Investments AG
responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments and offers professionally managed investment solutions to both private and institutional investors. The company supplies debt and equity financing to non-listed firms in emerging economies and developing countries. responsAbility currently has USD 2.6 billion of assets under management that is invested in 535 companies in over 93 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Its shareholders include a number of reputable institutions in the Swiss financial market as well as its own employees. responsAbility is regulated by the Swiss Financial Market Supervisory Authority FINMA.