“Magallanes Impacto FIL”, Fund advised by GAWA Capital, raises EUR 12 million in 3 months

Updated: Jun 24, 2019

Photo by Zeyn Afuang on Unsplash

Madrid – December 2018.

Magallanes Impacto FIL, the Impact Investing fund launched by the Fund Manager Magallanes Value Investors in September 2018 and exclusively advised by GAWA Capital, has already reached a size of EUR 12 million, more than 50% of the estimated EUR 20 million targeted for its launch phase expected to be achieved by the end of January.

It is a unique fund in Spain with a strategy focused on funding 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 social impact. If social impact is below the minimum, the management fee is returned to investors. Magallanes Impacto is already commercialized on 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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