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BNDES contributes to new impact investment fund

BNDES contributes to new impact investment fund

May 3, 2022 | Thierry Ogier
Brazilian development bank hires Lightrock to raise up to $148 mln for the equity fund

Corporate & Sovereign Strategy Economy & Policy Equity Funds Brazil Capital Markets Solar Wind

Brazilian development bank BNDES said Monday that it plans to contribute up to BRL250 million ($49.2 million) to a new impact investment fund for as much as BRL1 billion. "It's about a pioneer initiative from BNDES that supports impact investment through an equity fund," Bruno Laskowsky, director of capital markets at BNDES, said in a press release. BNDES has hired UK private equity firm Lightrock to raise the other BRL750 million in the local market, it said in a press release. "The objective i

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