First close for Blue Earth Capital's dedicated impact secondaries offering
The specialist impact investor attracted backing from US and European institutions.
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Blue Earth Capital has secured more than $100 million for the first close of its dedicated impact secondaries strategy. The specialist impact investor attracted backing from US and European institutions, including Proparco, the French development finance institution, the Ursimone Wietlisbach Foundation and Germany’s Stella.
The strategy will invest globally across developed and emerging markets, targeting sectors such as climate action, circular economy, financial inclusion, healthcare, and education.
Nicolas Muller, head of private equity partnerships at Blue Earth Capital, said: “Blue Earth Capital has played a crucial role in shaping the impact secondaries asset class for several years. The first close of our dedicated impact secondaries offering marks an important milestone, underscoring our role as a catalytic player in addressing a key challenge in impact investing: liquidity.”
Philipp Mueller, CEO of Blue Earth Capital, noted: “Thanks to the strong support of some of the most sophisticated impact allocators, we are proud to launch our dedicated impact secondaries strategy. This innovative offering leverages our strong secondaries and impact capabilities, as well as our extensive network. It fills a crucial gap in the impact sector and presents an attractive opportunity to generate both impact and returns.”
Françoise Lombard, CEO of Proparco, commented: “We are proud to support Blue Earth Capital’s innovative mission to build a more efficient market for impact secondaries in emerging economies. As an anchor investor in this inaugural initiative, our objective is to enhance market liquidity, strengthen exit pathways, and ultimately reinforce long-term investor confidence in these regions. Over time, we are convinced that this strategy will help channel sustainable private capital more effectively to where it can generate the greatest impact.”
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This is a smart move addressing a real gap in impact investing. The liquidity challenge has always been one of the bigger friction points for limited partners trying to build out their impact allocations, and secondaries provide that release valve. Intresting to see Proparco anchor this - their involvement probably signals confidence that the strategy can work across emerging markets where exit paths are even more constrained. Wonder how the returns profile compares to tradtional secondaries.