Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Catalytic capital juices Global Partnerships impact-first fund



ImpactAlpha, October 22 – Global Partnerships is raising a fund to support products and services that commercial markets ignore, due to lower profitability. To get private investors to back the Impact-First Development Fund, family office Ceniarth and the W.K. Kellogg Foundation committed $4 million in first-loss capital.

Ceniarth and Kellogg’s investment helped Global Partnerships secure an additional $50 million from U.S. development finance institution OPIC, getting the fund to a $55 million first close.

“Creating opportunities for deeply underserved communities requires impact investment strategies that genuinely prioritize impact even when this means accepting more modest investor returns,” said Ceniarth’s Diane Isenberg in a statement.

Global Partnerships is looking to raise up to $70 million to invest in social enterprises tackling poverty through education, livelihoods, energy, water and healthcare access, sanitation, and housing. OPIC announced its intention to back the fund last year.

The Seattle-based investor has previously backed ventures like Amped Innovation, which designs off-grid solar products for productive use; Tugende, which supports asset ownership for motorcycle taxi drivers; and Eneza Education, which makes mobile-accessible learning content.

You might also like...