US and Swiss firms team up for impact investing expansion in EM/FM

US impact investing boutique Calvert Impact Capital has announced it has made a significant investment in the flagship fund of Zurich-based impact investing manager BlueOrchard. The amount was not disclosed.

In a joint statement, Calvert said its investment with BlueOrchard aims to contribute to solving the global challenges enshrined in the United Nations sustainable development goals.

BlueOrchard was established in 2001 following an initiative of the UN. The Swiss manager has been the world’s first commercial manager of microfinance debt investments. To date, it has invested more than $4.7bn across 70 emerging and frontier markets while its funds currently address 13 of the 17 SDGs.

“BlueOrchard is a leading investment manager with a strong commitment to foster sustainable and inclusive growth in the emerging world,” said Calvert Impact Capital’s president and CEO Jennifer Pryce.

“This investment builds on our history of working with BlueOrchard and our shared goal of increasing access to financial services in emerging and frontier markets,” she added.

“We are very excited to work with such a renowned and active impact investor as Calvert Impact Capital, with whom we share the same values and vision. Together, we will contribute to solving the pressing global challenges outlined in the SDGs and create tangible impact,” said Patrick Scheurle, CEO of BlueOrchard Finance.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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