Zurich, 19 November, 2018 — A responsAbility-managed private equity company investing in financial institutions in emerging economies has acquired a 7.66% share in Hamkorbank. The largest private bank in Uzbekistan serves micro, small and medium-sized enterprises across the country and is preparing for a next stage of growth.
ZURICH and MUNICH, 10 October 2018 — responsAbility is further expanding its portfolio of companies active in the distributed energy area: Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a financing agreement for REDAVIA's Ghanaian subsidiary. The USD 4 m financing will allow REDAVIA to supply Ghana’s industrial and commercial sector with affordable, reliable and clean power generated through modular solar farms.
The responsAbility-managed private equity vehicle focusing on food and agriculture has completed its second investment and taken a minority stake in Suminter, a leading global organic products supply chain management company which sources, processes and exports certified 100% organic and GMO-free products from Asia and Africa.
Zurich, 30 August 2018 — A responsAbility-managed private equity vehicle focusing on financial inclusion has acquired a minority stake in C88 Financial Technologies Pte. Ltd. C88 is a market leading fintech company providing financial marketplaces for lending and insurance products in Indonesia and the Philippines. Through a partnership with Experian, C88 plans to increase financial inclusion in the markets by improving the matching of millions of underserved customers with appropriate financial products.
Zurich, 2 July 2018 — responsAbility Investments, a leading impact investor targeting emerging markets, is strengthening its presence in the Netherlands, Belgium and Luxembourg and has appointed Fanny Ruighaver as Head of Business Development Benelux with the aim to manage investor relations in this important market with its traditionally strong affinity to development-related investment topics.
Zurich, 28 June 2018 — responsAbility Investments, the Swiss asset manager specialising in development investments, has a new Chairman: Reto Schnarwiler, who has been a member of the Board of Directors of responsAbility since 2009, has been appointed as successor to Kaspar Müller, who had held the post of Chairman since 2005. During Kaspar Müller’s term in office, responsAbility developed from a start-up to a leading impact investor regulated by FINMA. Through 15 investment vehicles, responsAbility today manages USD 3 billion of assets under management, 40% of which stems from institutional investors
Zurich, 20 June 2018 — responsAbility Investments is an Inaugural Signatory to the newly defined, globally applicable Guidelines for Investing in Responsible Digital Financial Inclusion. These Guidelines, an initiative co-led by the IFC and developed in collaboration with a group of over 50 fintech investors and digital financial innovators, aim to spread the benefits of the fintech revolution more widely.
Zurich, 6 June, 2018 — responsAbility Investments is adding to its portfolio of investment products with the launch of a new private debt fund for sustainable agriculture in developing and emerging countries. The Luxembourg-domiciled Agriculture Fund finances successful companies that help to improve the economic livelihoods of the rural population. The fund aims to generate both competitive market-based returns and a development impact.
Zurich, 22 May, 2018 — responsAbility Investments, a leading investor in the field of development investments, has fully exited from its indirect equity investment in MiBanco, Latin America’s largest microfinance bank by asset size, through a divestiture to majority shareholder Credicorp Ltd.