The EU approves the first blending project of Cofides, pioneer in Spain, to be advised by GAWA Capital

posted Aug 16, 2018, 3:07 AM by info rmation   [ updated Aug 16, 2018, 3:13 AM ]


Madrid – August 2018. The European Commission has accredited COFIDES, the Spanish Company of Development Financing, as manager of the first blending project in Spain. The project will materialize in the constitution of an investment fund, called Huruma, which has the aim of improving access to financing and financial offerings for small or excluded farmers in developing countries, mainly in the regions of Latin America, the Caribbean and sub-Saharan Africa.

As a blending initiative, the EU will contribute public EUR 20 million to the fund – EUR 10 million in the form of initial loss and EUR 10 million as technical assistance (consulting and training support) – while Cofides will try to attract additional EUR 70 million from private investors (family offices, pensions funds, private banking).

GAWA Capital will be the fund’s advisor, in charge of selecting the target eligible 25 projects (EUR 2-6 million) that must have a significant impact in the developing country business network, cause greater tax collection and favour a transfer of technology to the beneficiaries of the loans.

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A coalition of global fintech investors, including GAWA Capital, team up to promote responsible digital finance

posted Jun 23, 2018, 3:00 AM by info rmation   [ updated Jun 23, 2018, 3:15 AM ]



The Netherlands – June 2018. A unique alliance of 50 leading organizations – including GAWA Capital among other investment funds, family offices, development banks and debt fund managers – has teamed up to develop the “Guidelines for Investing in Responsible Digital Financial Services”.

These consist of 10 touch points for financial investors and their fintech investees to identify opportunities and mitigate investment risks. The professional guidelines are not binding but allow all signatories to promote a more responsible and inclusive digital finance ecosystem by implementing principles such as the prevention of clients’ over-indebtedness, more transparent pricing, and the creation of financial literacy programs.

The initiative was sponsored by prestigious institutions such as the IFC (part of the World Bank), Goodwell Investments, and the Dutch Ministry of Foreign Affairs. GAWA Capital is part of the 50 signatories which come from Europe, the US, Africa, China and India. The guidelines also benefit from the support of Queen Maxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). 


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GAWA Capital participates in ALIDE’s 48th General Assembly, invited by the Spanish government agency COFIDES

posted Jun 6, 2018, 5:33 AM by info rmation   [ updated Jun 6, 2018, 5:58 AM ]




Peru – May 2018. Luca Torre, co-founder and co-CEO of Gawa Capital, was in Lima (Peru) on May 31st, to participate in a panel at ALIDE’s 48th General Assembly.

ALIDE is the Latin American Association of Development Financing Institutions, which was created in 1968. It aims to emphasize and support the role of development finance institutions for equitable growth in the region, acting as a venue for discussions amongst the most relevant actors in the sector, and the proposal of policies and concrete solutions. 

ALIDE's members include development banks from over 20 LATAM countries, as well as progress-committed associate members from all over the world. These include the China Development Bank, the French Development Agency (AFD), the European Investment Bank (EIB) and Spain’s Official Credit Institute (ICO). The government agency “Spanish Company for Development Financing” (COFIDES) is also an associate member, and invited GAWA Capital to participate in the last General Assembly, whose key topic was “Development banking and its current & future challenges”. Luca Torre, alongside 5 institutional and private actors, participated in a panel discussion about “Blended finance and financial innovation in Latin America”, focusing on the role of development financing institutions and Foreign Direct Investment (FDI).


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GAWA Capital appointed as investment advisor of Magallanes social impact fund, “Magallanes Impacto”

posted May 11, 2018, 8:39 AM by info rmation   [ updated May 11, 2018, 8:43 AM ]


Spain – April 2018. Launched 3 years ago, Magallanes has given impressive returns of 12% in its Iberian portfolio and 10% in its European portfolio. Despite favouring financial yields over portfolio size, outrageous growth is not part of the entity’s objectives. In line with this, Magallanes will soon launch its first social impact fund, called Magallanes Impacto, that will invest in microfinance institutions in developing countries, favouring the financial inclusion of those at the bottom of the pyramid. This fund will be advised by GAWA Capital, a pioneer Spanish social impact firm, with over EUR 53 million assets under management. Magallanes has committed to return investors’ funds if the desired social impact is not achieved.


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Gawa Capital participates in the "Careers in Sustainability, International Development and Social Impact" event at IE Business School

posted Mar 7, 2018, 1:04 AM by info rmation

 


Madrid – February 2018. Gawa Capital participated in the "Careers in Sustainability, International Development and Social Impact" event held as part of the IE Business School's "Career Fitness" program. The program aims to introduce Master students to professionals from different industries, enabling them to understand sector trends and obtain insight in to the day-to-day activities carried out in each field.

Camilla Cooke, Senior Investment Analyst at Gawa Capital, gave a presentation regarding the impact investing sector, whilst Ana Gascón (Director of Corporate Social Responsibility at Coca-Cola Iberia), Borja Santos (Consultant at World Bank Group), Sam Lampert (Associate Partner, Dalberg Advisors Paris Office) and Jose Luis Ruiz de Munain (Co-Founder at UnLtd Spain) also participated in the event.

GAWA Capital participates in the “Worshop for Inclusive Businesses”, organized by the “Business Observatory against Poverty”

posted Mar 4, 2018, 5:46 AM by info rmation   [ updated Mar 4, 2018, 5:49 AM ]



Madrid – February 2018. Agustin Vitórica, Co-Founder and Co-CEO of GAWA Capital, participated in the “Worshop for Inclusive Businesses”, held in Madrid and Barcelona and organized by the ““Business Observatory against Poverty”, led by led by TELEFÓNICA, CAIXABANK, BBVA, SENER y ENDESA.

The objective of the workshop was to discuss the need for this type of business in Spain, as well as to present the main preliminary conclusions of the report, to be published on the coming months. It should be noted that inclusive businesses have ceased to be a proposal just for developing countries, and there is a consensus on the need to generate access and inclusion of vulnerable communities through economic activities in all geographies, as inequality persists.

The “Business Observatory against Poverty” promotes the joining of business leaders in the fight against challenges related to poverty eradication, within the framework of the 2030 Sustainable Development Goals.


Click here to view the event webpage.





Fusion Microfinance raises EUR 12 million in equity from GAWA Capital, Creation Investments and Oikocredit for expansion

posted Mar 4, 2018, 4:23 AM by info rmation   [ updated Mar 4, 2018, 5:16 AM ]


New Delhi – February 2018. Fusion Microfinance has risen EUR 12 million in its latest round of funding. This funding effort is framed in a global exercise that has enabled the company to raise EUR 60 million in debt from various institutional investors during the first 9 months of FY18. Fusion continues working on attracting additional funding.

According to its CEO, Fusion's ability to raise equity and debt speaks of the stability of the organisation and investor confidence which augurs well for the microfinance industry at large.


Click here to read the full article.

The GIIN publishes a case study on GAWA Capital’s impact measure and management practice

posted Mar 4, 2018, 3:04 AM by info rmation   [ updated Mar 4, 2018, 3:06 AM ]


New York – February 2018. The Global Impact Investing Network (GIIN) has published a case study on GAWA Capital’s impact measure and management practice: “Engaging with Evidence in Impact Measurement”.

The case describes GAWA’s methodology, from evidence requested since investment inception and due diligence through exhaustive research, to consistent performance monitoring of investees during the investment cycle, distinctive of the firm’s approach. It highlights how GAWA assesses investees’ social score at exit - validated by an external social auditor - basing profit participation on social impact.

It concludes with main challenges and future steps faced by GAWA.



Click here to read the full case study.

GAWA Capital participates in the “European Impact Investing Event”, organized by GIIN and UBS

posted Dec 15, 2017, 1:25 AM by info rmation   [ updated Dec 15, 2017, 1:31 AM ]


Zurich – December 2017. Luca Torre, Co-Founder and Co-CEO of GAWA Capital, participated in the GIIN-UBS “European Impact Investing Event”, presenting GAWA’s funds as an alternative amongst the range of SDG-related investment products emerging in the sustainable investing marketplace.
The event was held as an intimate gathering of senior leaders from GIIN Member organizations with presence in Europe. The two-day meeting included numerous activities, including interaction with financial journalists to improve media understanding of the impact investing sector, a debate on partnering with DFIs and IFIs, a conference on additionality and market-rate impact investments, and product testing workshops.


Click here to view the event webpage.

GIIN highlights GAWA Capital in its latest report on impact measurement best practices

posted Dec 12, 2017, 9:37 AM by info rmation   [ updated Dec 12, 2017, 9:44 AM ]


New York – December 2017. The Global Impact Investing Network (GIIN) has published the report “The State of Impact Measurement and Management Practice” which looks into the best practices of social and environmental impact assessment and how this affects decision-making.

GAWA Capital has been highlighted as one of the few investors providing incentives based on real impact performance, applying 25 metrics related to the Smart Campaign’s Client Protection Principles in its scoring system.


Click here to read the full report.

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