Bamboo Capital Partners to deploy $1bn of impact investments
Bamboo Capital Partners, the asset management arm of Palladium, confirmed its commitment to deploy $1 billion of impact investments over the next three years – at the latest.
This comes as the impact investor published its 2020 Impact Report.
Bamboo and Palladium have now mobilised more than $2 billion of impact investment in the past five years and currently manage more than $3 billion of private and public funds in 90 countries.
Jean-Philippe de Schrevel, founder and managing partner of Bamboo Capital Partners commented, “It is a testament to the resilience of our investees, our partners and our team that we have managed to weather the crisis and challenges that Covid-19 has brought and still, against this backdrop, we delivered on the mission in terms of on the ground impact.
“It has also shown that now, more than ever, the importance of what we are building and the impact of catalytic capital. The years ahead are going to be crucial in terms of how we build more resilient communities and our plans to mobilise more than $1 billion over the next few years reflects the scale of the challenge and the opportunity. And we believe the key to unlocking grassroots impact at scale is to focus on more modest ticket sizes and deploying catalytic capital in communities where the investments will have the most significant impact.”
Highlights from 2020 include:
– Long term strategic partnership agreed with Palladium, with Bamboo becoming its asset management arm
– Appointed by the Government of Madagascar and the World Bank as the international fund manager the Off-Grid Market Development Fund (OMDF)
– Launched the SDG500 at the World Economic Forum at Davos
José María Ortiz, head of Palladium’s impact investments and a board member of Bamboo added, “The Bamboo Palladium partnership gives us end-to-end expertise in impact fund management, from design to delivery. This gives us a really differentiated approach and enables us to deliver across sectors and geographies, from concept to on the ground delivery – where impact matters most.”
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