OP Finnfund Global Impact Fund I, a Finnish impact fund dedicated to emerging countries, completed in December 2020, its second fundraising operation, raising almost 58 million euros, equivalent to $70 million.
The vehicle focuses on three business sectors, namely: renewable energy, financial institutions and sustainable agriculture.
“The fund benefits from our expertise in identifying suitable investments, drawn from our many years of experience and our extensive international networks,” said Markus Pietikäinen, investment manager at Finnfund.
Read also: Ethiopia Empowers Ethio Telecom To Venture Into Financial Services
Finnfund impact fund Africa Finnfund impact fund Africa
He added, “As someone who closely monitors the global impact investing market, I foresee substantial growth in impact investing in the years to come.”
This second fundraising comes after a first fundraising operation closed in June 2020 with nearly 76 million euros. This new operation brings the total amount obtained to date by the Fund to 135 million euros.
Finnfund hopes to obtain through this vehicle, a positive impact parallel to competitive returns.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer