SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia.
The SET Fund has received investments from OeEB, Swedfund, Bank of America, Mercy Investment Services, The Schmidt Family Foundation and several individual investors, including from the Toniic impact investor network.
They followed $42.5m first close investors - the US Development Finance Corporation (DFC), Calvert Impact Capital, Ceniarth and the IKEA Foundation.
DFC is also a risk tool partner of the SET Fund, alongside Sida and MFX Solutions. SunFunder’s financing to expand access to clean, reliable energy to those living beyond the grid is having life-changing impacts for families across Africa. Not only does it create environmental and health benefits, but families are able to redirect energy savings to food, education and health care,” said Sarah Smith, director of Mercy Partnershi
Northern Arc Capital raises $10 million from US investor Calvert Impact Capital
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Calvert Impact Capital plans to use the fund towards on-lending to financial institutions as well as lending directly to retail customers and to mid-market corporates.
AFP
The investment is aimed a aiding small businesses and promoting gender equity, a cause that is strongly endorsed by both organizations.
Northern Arc Capital has raised $10mn debt from US-based impact investor Calvert Impact Capital, close on the heels of its raising $50 million from American development bank US International Development Finance Corp.
This is Calvert Impact Capital’s largest debt investment in India, Northern Arc said in a statement.
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BETHESDA, Md., March 3, 2021 /PRNewswire/ A diverse group of community finance organizations today announced the Southern Opportunity and Resilience (SOAR) Fund, which aims to raise $150 million to provide affordable capital and free business support to small businesses and nonprofits in 15 southern and southeastern states to help them navigate and rebuild from the Covid-19 health and economic crisis.
The SOAR Fund was created by community lenders in the South to provide economic recovery loans to small businesses in their communities at a time when they are facing unprecedented health and economic challenges. The loans are designed to reach the smallest of small businesses and those that have been historically underbanked - the type of businesses that this coalition of lenders have been serving for decades. These businesses often struggle to access capital from traditional sources but are critical to providing jobs and supporting economic