BlueEarth Credit Strategies II fund closes above $100m target
Blue Earth Capital, a global impact investor, announced the closing of its dedicated credit impact fund, BlueEarth Credit Strategies II, which closed above target at $108.5 million.
BlueEarth Credit Strategies II will invest across impact sectors and growth markets with a diversified credit investment strategy. The fund has a strong geographical coverage across three continents – Africa, Asia, and the Americas – and allocates capital across the credit spectrum in industries including financial inclusion, agribusiness, affordable housing, energy access, and healthcare.
The fund has received commitments from a diverse base of LPs and investors, including the U.S. International Development Finance Corporation.
Amy Wang, head of private credit at Blue Earth Capital commented, “BlueEarth Credit Strategies II is an evolution of Blue Earth Capital’s successful integrated strategy that combines private credit, private equity, and funds. Since its inception in 2017, our credit platform has invested across 24 investee companies and delivered strong market-rate returns, all while having a clear positive impact on more than 2.9 million lives. I’m excited to announce that we have now closed our dedicated credit fund above target and I’m looking forward to continuing delivering measurable impact alongside financial returns.”
Stephen Marquardt, CEO at Blue Earth Capital added, “This is an important moment for BlueEarth, and I am very proud of what our team has achieved over the past few years. Their dedication and deep expertise, combined with the breadth of our investment strategies and ability to scale impact throughout the investment cycle are all parts of what makes Blue Earth Capital different. I would like to thank our investors for their continued trust, and the entire BlueEarth team for their commitment and hard work as we continue to address some of the world’s most pressing social and environmental challenges.”
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