Global impact investor Calvert Impact Capital has acquired financial support totaling $41 million originated by the eco.business Fund in Latin America.
The transaction will enable Calvert to directly support financing for biodiversity conservation projects in the region and make it possible for the public-private fund to originate more green investments and expand its impact.
eco.business Fund board chair Jens Mackensen said, “This new instrument is breaking ground in the impact investing market. We are excited to further our relationship with Calvert Impact Capital, [which] has partnered with us since the beginning. Not only does this new transaction show the level of Calvert Impact Capital’s commitment to the fund’s mission, they are joining in the fund’s innovative spirit.
Mackensen also said, “Creating ways to provide additional liquidity for the fund is especially important during these difficult economic times caused by the global pandemic. But despite these challenging circumstances, we remain resolute in our mission to combat climate change and preserve biodiversity and are excited about using this innovative finance mechanism to mobilize new funds. With Calvert Impact Capital, we believe that, together, we can continue to pursue our goal to create tangible and sustainable impact in Latin America and the Caribbean.”
Calvert also announced that it has renewed and increased its investment in the fund, which finances businesses that give priority to conserving biodiversity, the sustainable use of natural resources, and climate change mitigation efforts.