CNMV authorizes Global Social Impact Investments SGIIC as an Investment Manager

Impact investment funds invest in companies with the two-fold objective of generating a positive financial return for their participants and a positive social and / or environmental impact on society. They generally invest in companies in early stages or in growth that are contributing to the improvement of the living conditions of vulnerable groups or disadvantaged communities.

The entity will initially manage the existing “Global Social Impact Fund” (GSIF), currently managed by FIA, the management company of the FARAD Group.

GSIF invests in Sub-Saharan Africa, and aims to expand to Latin America in the medium terms. Likewise, it’s strategy foresees the launch of a European Social Entrepreneurship Fund (FESE) to invest in social enterprises in national territory, which is especially relevant in the context of the pandemic in which we find ourselves.

María Ángeles León, co-founder of Open Value Foundation and President of Global Social Impact Investments SGIIC, pointed out that “after many years of philanthropy, we have verified that, to generate development, we need the same tool that has generated growth in the developed world: investment . This new firm aims to facilitate the arrival of capital to the impact economy ”.

Arturo García Alonso, CEO, has indicated that “our objective is to consolidate ourselves as a benchmark in impact investment and to contribute to building the future in which we would all like to live”.