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Avenue Capital to Launch ‘Impact’ Investment Fund, Source Says
Avenue Capital Group LLC, a New York-based investment firm with $9.4 billion in assets under management, plans to launch a fund this year that will focus on so-called impact credit investments, according to a person familiar with the matter.
- Categories
- Investing
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Private Debt Products Lead Way In Impact Investing, Study Says
Private debt and fixed-income instruments have become the most popular tools used by impact investors, with returns that are competitive with mainstream products, according to a new study.
- Categories
- Investing
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How mobile loan platforms have lured Kenyans into debt trap
Just as a sluggish economy in which exports have underperformed has forced Kenya to arrange for another credit to settle a loan that was maturing, tough economic times such as poor business performance, lay-offs, or delayed salary have seen digital borrowers struggle to repay their loans.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Online Lending Startup Aye Finance Bags $3.8 Mn From Hinduja Leyland Finance And IntelleGrow
Gurugram-headquartered online lending startup Aye Finance has raised $3.8 Mn (INR 25 Cr) from three investors, including Hinduja Leyland Finance and IntelleGrow, which provides debt finance to growing businesses in the country. The investment, which took place through a securitisation deal, was facilitated by Vivriti Capital.
- Region
- South Asia
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Press release: Community Housing Capital Announces $15 Million Impact Credit Facility with Calvert Impact Capital
“We have had a long-term, successful relationship with Community Housing Capital and this investment continues our support of its mission to create and preserve affordable housing,” said Lucas Pappas, Director of Investments for Calvert Impact Capital. “We are excited to bring new qualified investors into the impact investing space and connect them more directly with strong mission-driven organizations like Community Housing Capital.”
- Categories
- Investing
- Region
- North America
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Bill and Melinda Gates Foundation is paying off Nigeria’s $76 million polio debt
The news comes as Nigeria counts down to becoming polio free and completing another year without the discovery of any new cases. No new cases were recorded in 2017. That’s a far cry from 2012 when Nigeria accounted for more than half of all polio cases worldwide.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Ethical Investors Tightening Screws on Emerging-Market Debt Issuers
Prices on Vale and Samarco bonds plummeted by about a third after the disaster. Vale, along with mine co-owner BHP Billiton, is facing a multi-billion dollar claim. Events like that are increasingly spurring fund managers to look closer at environmental, social and governance (ESG) risks before investing in emerging markets, where polluting industries and accounting issues have often gone unpunished.
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- debt, emerging markets, ESGs, Latin America, regulations
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Microfinance Companies in India Seek Life Support
With demonetization being the black swan event for the microfinance industry, players are hard-pressed as they reel under cash-flow issues.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- debt, demonitization, India, MFI, microfinance, microloans
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