Company name
ImpactA Global Partners I SCSp
Project number
14890-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Regional
Sector
Investment Funds
Status
Proposed
Disclosed date
06/25/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/10/2024
Approval date
09/10/2024
Signed date
09/30/2024
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
USD $ 5,000,000
Financing amount
USD $ 20,000,000
Currency
USD
Project scope and objective
The Fund aims to provide debt financing for sustainable infrastructure in Emerging Markets, primarily in Latin America and the Caribbean (“LAC”), Africa, and South Asia. ImpactA Global Limited will be the Fund’s investment advisor.
The proposed Project consists of an investment of up to the lesser of i) US$25 million, inclusive of a US$5 million Blended Finance participation with resources from funds managed by IDB Invest and ii) 20% of the total target Fund size.
With a target size of approximately US$300 million, the Fund will seek projects that promote a sustainable and equitable climate transition, including renewable energy, clean mobility, and climate-resilient health and water and sanitation infrastructure. The Fund will have a 10-year term from its final closing date and will make approximately 15 to 20 investments with maturities between 3-10 years, targeting a high single-digit net IRR. The Fund intends to invest at least the equivalent of 3x IDB Invest’s investment in LAC.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
IR@ImpactAGlobal.com
PHONE NUMBER
+44 7767 770191
POST OFFICE ADDRESS
3 Orchard Place London SW1H 0BF
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
IMPACTA - EMERGING MARKETS SUSTAINABLE INFRASTRUCTURE FUND - 14890-01-RG - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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