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The fund “Magallanes Impacto Fil”, advised by GAWA Capital, exceeds 12 million euros in equity in three months.

posted Dec 28, 2018, 8:18 AM by info rmation   [ updated Dec 28, 2018, 8:22 AM ]


Madrid – December 2018. Magallanes Impacto FIL, launched by Magallanes Value Investors fund manager in September 2018 - under GAWA Capital exclusive advice, leader in impact investing with a successful trackrecord - has already reached the wealth of EUR 12 million, more than 50% of the estimated EUR 20 million, target for its launch phase expected to be achieved by the end of January. 

It is a unique fund in Spain with a strategy focused in financing microfinance institutions (MFIs) that target the most disadvantaged sectors of the population in developing countries, promoting their financial inclusion.

Under the legal status of free investment fund (FIL), it is aimed at the professional investor offering a competitive return while monitoring the impact. If social impact is below the minimum, the management fee is returned to the investors. Magallanes Impacto is already commercialized in the main platforms: Inversis, Tressis and Allfunds, with a policy of quarterly subscriptions and semi-annual reimbursements (from the first year). The minimum investment is EUR 100,000, being only suitable for professional investors.

During its first three months, and after extensive due diligence procedures of several target MFIs performed by GAWA Capital (analysis of impact goal, management team, portfolio of products, scope of action and sustainability, political, social, economic and regulatory environment of the country, etc.), four investment projects have already been approved; two in Chile, one in Peru and another in India, materializing the first investment in Emprende MF in Chile.

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