Funding Database

Impact Assets Emerging Markets Climate Fund

ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social, and environmental returns. ImpactAssets’ donor advised fund (“The Giving Fund”), impact investment notes, and field building initiatives enable philanthropists, other asset owners, and their wealth advisors to advance social or environmental change through investment.

Go to fund Website

Geographical Focus

East and West Africa

Technology/Sector Focus

  • Small Hydro
  • Wind
  • Solar
  • Biomass
Size of Investment
$0.5-5 M
Target Return
Market rates
Total Fund Size
N/A
Fund Structure

General Fund Information

Type of Investment

Equity or Debt

Investors of Fund

Calvert Foundation and Private Investors

Fund Information

Size of Investment

$0.5-5 M

Target Return

Market rates

Sample Investee

Devergy Energy Services, social enterprise devoted to provide affordable and reliable energy eccess to villagers in rural Tanzania. Devergy operates as a small utility company, installing systems called “Enbox” (energy boxes), connected each other via cables and connected to meters placed at household level. Every meter is associated to a unique user number, and allows the company to supply electricity on a pre-paid basis.

Additional Project Characteristics

Early stage and growth stage energy enterprises and project developers of small renewable energy projects.

Additional FMC Info

Network/Partners

Impact Assets funds.

Location of Registration and HQ

New York, USA

Primary Contact Information For Developers

Christopher Aidun
christopher.aidun@persistentnrg.com

Types of Financing

Equity

Minority Stake

Technical Assistance / Grants

N/A

Debt Mezzanine

Flexible structure of repayment. Require collateral.

Guarantee / Insurance

N/A

Requirements for Financing

Project Requirements

The venture must have an innovative, profitable, and scalable approach to increased access to energy, or renewable energy generation. The company must also be operational and a pilot phase has already been completed including proof of concept with regards to technology and business model at local level. The company has the management capacity, human resources and know-how to substantially scale their activities.

CO-Funding Requirements

Entrepreneur co-investment.

Target Impact

Increased access to energy or reduce CO2 emissions.

Due Diligence Requirements

A comprehensive business plan and financial projections that demonstrate the venture’s ability for profitablity and impact.

Detailed Description Of Funding Process Procedure

Pre-screening review based on business plan and financial statements, to asses the risk in the business. The review is sent to investment committee for initial approval. Screening phase: legal documentation, collateral, compliance checklist based on the sector. The final term sheet must be approved by the investment committee. Both stage takes up to 4 months.