Press Release: Bamboo and Palladium Agree on a Long-Term Strategic Partnership To Mobilize USD $1 Billion in Impact Capital by 2023
- Under the terms of the strategic partnership, Palladium has taken a minority stake in Bamboo.
- The strategic partnership combines Palladium’s global footprint and sector expertise with bamboo’s track record of impact investing.
- The initial investment will provide Bamboo with additional growth capital to increase its scale, starting with the accelerated development of SDG500.
- Bamboo will become the asset management arm of Palladium, expanding Palladium’s global impact capabilities.
Bamboo and Palladium have joined forces to achieve their shared objective of mobilizing private sector investment at scale to significantly contribute toward the UN’s Sustainable Development Goals (SDGs) by 2030. The strategic partnership combines Bamboo’s knowledge of institutional and private sector investors and its track record of impact investing in emerging markets, with Palladium’s global footprint, sector expertise, and a substantial pipeline of investible opportunities.
Photo courtesy of Andre Moura.