(Press Release) Call for expressions of interest for the selection of a fund manager. The MIF together with Acrux Partners, an impact advisory firm focused on responsible and impact investing in Latin America, are looking for a General Partner to manage a newly created impact investing fund for Argentina, Uruguay, and Paraguay. The MIF will act as anchor investor in the fund. See full press release below.
The Multilateral Investment Fund (MIF), member of the IDB Group, is supporting the creation of an Impact Investing Fund for Argentina, Uruguay and Paraguay, seeking to trigger the flow of local and international capital for investments in early stage impact companies operating in those countries. The MIF will act as anchor investor in this Fund.
The MIF together with Acrux Partners, an impact advisory firm focused on responsible and impact investing in Latin America, are looking for a General Partner (GP) to invest in startup and scaleup companies that are using innovative models to address pressing social and environmental problems, contributing in this way to the development of the impact investment markets in the three countries.
Fund managers with a proven track record, who are interested in managing a fund investing in startup and scaleup companies which generate a positive impact in the society or/and the environment in the mentioned countries, are invited to apply.
The Fund is expected to maximize the opportunities developing in the region for the impact investing sector, within the framework provided by the work of the Impact Investment Task Force for Argentina, Uruguay and Paraguay, which was launched in March 2016 with the objective of consolidating the conditions needed for the impact investment market to flourish in the three countries.
Expressions of interest may be submitted by December 15th, 2016. See the details here
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
About the Multilateral Investment Fund
The Multilateral Investment Fund is the innovation lab for the Inter-American Development Bank Group. It conducts high-risk experiments to test new models for engaging and inspiring the private sector to solve economic development problems in Latin America and the Caribbean. The MIF addresses poverty and vulnerability by focusing on emerging businesses and smallholder farmers with the capacity to grow and create economic opportunities.