Cia Espanola de Financiacion approves €50M impact investment

Deal News | Dec 17, 2024 | Cia Espanola de Financiacion d

The Social Impact Fund (SIF), managed by COFIDES under the auspices of the Spanish Ministry of Inclusion, Social Security and Migration, has approved its first €50 million investments into two funds: IB Deuda Impacto España, and Q-Impact Fund II. These initiatives aim to enhance social and environmental projects conducted by SMEs across Spain. SIF has committed €30 million to the IB Deuda Impacto Spain fund, managed by Impact Bridge Asset Management, for promoting social inclusion, dignified employment, the integration of vulnerable groups, and environmental improvements such as sustainable agriculture and the circular economy. An additional €100,000 is allocated for training to support social impact procurement. The fund also plans a €19.5 million stake in the Q-Impact Fund II, which specializes in mental health and healthcare access, becoming one of Spain's largest impact funds. These investments are designed to foster SMEs focused on social inclusion and ecological transition. Angela Pérez, COFIDES's CEO, celebrates these operations as pivotal for nurturing Spain's impact investment landscape, while Elena Rodríguez, Secretary General for Inclusion, underscores the fund's global standing in impact economy initiatives. SIF, with a capital of €400 million from the NextGenerationEU plan, provides diverse financial supports and technical assistance to further social entrepreneurship and sustainable development.

Sectors

Impact Investing
Private Equity
SME Financing
Government and Public Administration

Geography

Spain – The initiatives, funds, and investments detailed in the article are focused on Spain and involve Spanish entities and sectors.
European Union – The funding includes resources from the NextGenerationEU instrument, which is a European Union initiative.

Industry

Impact Investing – The article focuses on investments made to create social and environmental impacts in Spain, aligning with the goals of impact investing.
Private Equity – The investments are structured through funds managed by COFIDES and relate to the domain of private equity focusing on impact funds.
SME Financing – Both funds target small and medium-sized enterprises (SMEs) addressing social and environmental challenges, which is relevant to the SME financing industry.
Government and Public Administration – The Social Impact Fund is backed by the government and linked with public sector strategic initiatives.

Financials

€50,000,000 – Total investment approved by the SIF for social and environmental projects.
€30,000,000 – Allocated to IB Deuda Impacto España fund for SMEs.
€19,500,000 – Allocated to Q-Impact Fund II for health and social inclusion-focused SMEs.
€400,000,000 – Total capital of the Social Impact Fund (SIF) backed by the EU's NextGenerationEU plan.
€100,000 – Technical assistance for training on social impact procurement.

Participants

Name	Role	Type	Description
Social Impact Fund (SIF)	Investment Initiator	Government	A fund created through the Spanish Government to foster social and environmental impact investments.
IB Deuda Impacto España	Target Fund	Company	A debt fund supporting socially-focused SMEs, managed by Impact Bridge Asset Management.
Q-Impact Fund II	Target Fund	Company	A growth equity fund managed by Q-Impact Investment Management, focusing on social impact.
COFIDES	Fund Manager	Company	A state-owned company managing the SIF, assisting in the internationalization of Spain's economy.
Impact Bridge Asset Management	Fund Manager	Company	Manages IB Deuda Impacto España, focusing on SMEs committed to social and environmental issues.
Q-Impact Investment Management	Fund Manager	Company	Manages Q-Impact Fund II with a focus on social inclusion and environmental transition projects.
Ministry of Inclusion, Social Security and Migration	Government Oversight	Government	Oversees the SIF in collaboration with COFIDES to boost social and environmental initiatives.