Accion Selected for ‘ImpactAssets 50 2015’

'IA 50’ Showcases Experienced Impact Investment Fund Managers

CAMBRIDGE, MA, October 23, 2015 – Accion announced today that it has been selected for the ‘ImpactAssets 50 2015’, an annual listing of top impact investment fund managers, for the fifth year in a row.

The ImpactAssets 50 (IA 50) is the only free, public, searchable database of outstanding impact investing fund managers. The showcase includes a range of funds across the globe, spanning diverse issue areas and investment, with demonstrated and compelling social and environmental impact. Fund managers included in the IA 50 2015 manage an estimated $13.6 billion in assets devoted to creating measurable, positive impact.

“We are very proud to be recognized by ImpactAssets,” said Accion CEO and President, Michael Schlein. “We believe deeply that you can have significant social impact and healthy economic returns as we strive to meet the financial needs of the poor.  Over our history, we have demonstrated this repeatedly.  Impact Assets recognition is a strong endorsement of this approach."

Accion seeks to invest in and build commercially viable institutions that provide high quality services to the unbanked, pursuing a double-bottom line in its approach. It believes in attracting private capital by building value, engaging investors and generating financial return.

Accion supports companies that expand financial inclusion through a number of investment initiatives. The Gateway Fund makes direct equity investments in microfinance institutions (MFIs). The Bridge Guarantee Program extends loan guarantees that support the access of MFIs to local capital markets. Accion also supports 30 bold, disruptive financial innovators through its two impact investing vehicles: Frontier Investments Group, a venture equity fund that invests capital and technical expertise in companies with the potential to enhance the efficiency, reach and scope of products and services for people living in poverty worldwide, and Venture Lab, which provides seed capital for companies at the start-up phase.

 

About ImpactAssets:

ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social, and environmental returns.  ImpactAssets’ donor advised fund (“The Giving Fund”), impact investment notes, and field building initiatives enable philanthropists, other asset owners, and their wealth advisors to advance social or environmental change through investment. The IA 50 2015, along with additional details on the selection process, are available at: http://impactassets.org/ia50_new/.

About Accion:

Accion is a global nonprofit dedicated to building a financially inclusive world with economic opportunity for all, by giving people the financial tools they need to improve their lives. We are building the next generation of top-tier microfinance institutions, and over more than 50 years have helped build 64 such institutions in 32 countries on four continents that today reach millions of clients. Our impact investing initiatives are pushing beyond microfinance to catalyze more than 20 innovative start-ups dedicated to improving the efficiency, reach and scope of financial services for the poor. And our Center for Financial Inclusion is helping to build a stronger industry with high standards and broad engagement. Currently, our work spans nearly two dozen countries, including the U.S., where we are the nation’s largest nonprofit microfinance network. For further information, visit http://www.accion.org.

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Media Contact

Ben Lebeaux
Blebeaux@accion.org
617.625.7080 ext. 1037