GAWA Capital History

GAWA Capital Partners was founded in 2009 in Madrid. It was established as a partnership between the current management team and Ambers&Co, a leading independent financial advisory firm operating in Spain since 2002 which is currently operating under Ernst&Young Spain. The partners saw the field of impact investing as an attractive opportunity to apply their expertise in an effort to make a positive contribution to society in a financially sustainable way.

Key company milestone

Magallanes Impacto FIL launched
September 2018

Magallanes Value Investors SGIIC S.A., leading asset management firm with over $2.3 billion of Assets under Management and specialized in value investing, has launched the first open-ended impact investing fund in Spain, appointing GAWA Capital as its exclusive investment advisor.

Global Financial Inclusion Fund had been fully invested
December 2018

The Global Financial Inclusion Fund has fully invested building a portfolio of 7 debt investments and 3 equity investments in 2 continents and 8 countries.

Global Financial Inclusion Fund launched
September 2014

The fund achieves a first closing and signs the investment advisory agreement with GAWA Capital.

The Spanish Development Agency approves an investment for up to €12.5 million in the Global Financial Inclusion Fund
December 2013

The Fund to Promote Development (Fonprode) is approved to commit a 33% of the capital of Global Financial Inclusion Fund with the limit of €12.5 million. Global Financial Inclusion Fund is the second impact investing fund advised by GAWA Capital.

Gawa Microfinance Fund had been fully invested 
July 2012

The Gawa Microfinance Fund has fully invested building a portfolio of 6 debt investments and 2 equity investments in the 3 continents.

Gawa Microfinance Fund launch with 21 million Euros committed
September 2010

The Gawa Microfinance Fund is launched with 21 million Euros, raised entirely from Spanish private and institutional investors, including some of Spain's largest family offices, prestigious non-for-profit institutions and high net worth individuals.

Regulatory approval
July 2010

Gawa Microfinance Fund is approved by the Luxembourg Financial Supervision Commission and signs its first advisory agreement with GAWA Capital.

Gawa Microfinance Fund - fundraising begins
January 2010

 Popular Banca Privada begins its fundraising efforts.

Popular Banca Privada endorsement
December 2009

Having developed a strong personal and professional network, and relying on the institutional support provided by Ambers&Co, GAWA Capital establishes a commercial partnership with Popular Banca Privada

Gawa Capital project starts
December 2008

Luca and Agustin met and soon after GAWA Capital's project starts with the help of Eduardo Diez-Hochleitner that introduced Ambers&Co as the partner to initially fund the project and provide institutional support.

The journey begins
September 2008

Agustin and Luca, founders of GAWA Capital, both quit their jobs in September of 2008. They wanted to explore the possibilities that could lead them from a life of great professional success to a life of deeper significance. They made a strong connection right away, not only because they were alumni of the same business school, but also because they shared values and a vision of what they wanted to pursue. They began exploring the options and decided they wanted to pursue a project in impact investing. They had not met at this point.
Investments advised by GAWA Capital Partners

LOLC Myanmar Micro-Finance Debt Investment - Myanmar
December 2017

October 2017

Acceso Crediticio Edpyme Debt Investment - Peru
June 2017

Soluciones de Microfinanzas, S.A., Microserfin Debt Investment - Panama
May 2017

Financiera Fondo de Desarrollo Local, FDL Debt Investment - Nicaragua
February 2017

Emprende Microfinanzas S.A. Debt Investment - Chile
October 2016, October 2018

Fusion Microfinance Equity Investment - India
August 2016

Banco D-Miro Debt Investment - Ecuador
July 2015

Crezcamos S.A. Debt Investment - Colombia
March 2014

Janalakshmi Financial Services Equity investment - India
July 2012, November 2014

Procredit Holding Equity Investment
July 2012

AzerCredit Debt Investment - Azerbaijan
May 2012

Credo Debt Investment - Georgia
May 2012

Lanka Orix Micro Credit Debt Investment - Sri Lanka
March 2012, July 2015

Contactar Debt Investment  - Colombia
October 2011

Sinapi Aba Trust Debt Investment - Ghana
August 2011

CAMESA Debt Investment - Mexico
June 2011