Launched in November 2011, at a time of public sector spending cuts, Deutsche’s Impact Investment Fund is a groundbreaking initiative and the first investment fund of its kind to be raised by a major financial institution in the UK. The Fund provides finance to social enterprises via intermediaries supporting the themes of employment, education and training and social and financial inclusion that aim to generate meaningful social outcomes and financial returns that will cover the costs of operating the fund over its expected 10-year lifespan.
The first two investments for the fund are with Big Issue Social Enterprise Investment Fund L.P. and Bridges Ventures III. With a growing pipeline, the bank is on target to fully invest the fund within 3 years. Deirdre Davies, a Director in Private Equity who is responsible for the day to day management of the fund says “Twelve months on from the launch, we are pleased to see increasing development in the pipeline for the fund with a number of new, sophisticated players entering the market. We are looking forward to a very busy 2013”.
The Impact Investment Fund continues Deutsche Bank’s tradition as a leader in developing innovative financial instruments that serve social and financial goals globally, which also includes microloans for low-income entrepreneurs in developing countries.
For more information about the fund, please contact email@example.com.