Helios secures Africa’s first ESG-linked capital call facility for Fund IV
Africa-focused private investment firm Helios Investment Partners has secured an ESG-linked capital call facility for Helios Investors IV. Rand Merchant Bank and Standard Chartered Bank acted as arrangers and sustainability coordinators.
The interest rate of the Helios IV capital call facility is pegged to ESG performance targets, set by lenders Rand Merchant Bank and Standard Chartered Bank. Individual ESG ratings of the Fund’s portfolio companies will be determined by an independent ratings agency.
Paul Cunningham, chief financial officer of Helios commented, “The imperative to meet high ESG standards is integrated into everything Helios does. This facility allows us to target and track continuous improvement in ESG ratings for our portfolio companies in a tangible way. We believe that companies with strong ESG standards and performance will generate superior financial returns and we are excited by the opportunity this facility will bring to drive growth with impact.”
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