Accion Selected for ‘ImpactAssets 50 2014'

 ‘IA 50’ Showcase Features Experienced Impact Investment Fund Managers

 

Boston, MA (October 27, 2014) – Accion announced today that it has been selected for the ‘ImpactAssets 50 2014’, an annual listing of top impact investment fund managers, for the fourth year in a row. 

The ImpactAssets 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 2014 manage a combined $15.5 billion in assets devoted to creating measurable, positive impact.

“We are proud to be recognized by ImpactAssets, especially given the impact investing sector’s growth and the breadth of issue areas represented by those included in this compilation,” said Monica Brand Engel, Managing Director of Accion’s Frontier Investment Group. “This is an important endorsement of Accion’s efforts to transform the ways we meet the financial services needs of people living in poverty.” 

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 bold, disruptive innovation in financial inclusion through Venture Lab, which provides seed capital for companies at the start-up phase, and 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.

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 2014, along with additional details on the selection process, are available at: http://www.impactassets.org/impactassets-50

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 the last 50 years have helped create 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 www.accion.org.

 

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Media contact:

Andrea Snyder
Accion
617.616.1510
asnyder@accion.org