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MAPFRE AM, the asset management arm of Spain's largest insurance group and Global Social Impact Investments SGIIC (GSI) are joining forces to launch the Global Social Impact Fund (GSIF). A new investment vehicle which aims to raise 50 million euros for high social impact companies in both frontier and emerging markets.
The Global Social Impact Fund will initially focus on consolidated business models in sub-Saharan Africa with the longer-term view of expanding into Latin America. It will invest in three sectors: agriculture, energy and financial inclusion. GSI will manage the fund with support from Santa Comba and MAPFRE Group as its leading investors, while MAPFRE AM will act as an investment advisor.
The new proposal reinforces both MAPFRE and GSI's...
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