In April this year, Acre Impact Capital held the first close of its debut Export Finance Fund I at $100 million. The investor is providing debt capital to between 15 and 20 investment opportunities across essential infrastructure, spanning renewable power; health, food and water scarcity; sustainable cities; and green transportation.
The investor says the fund is the 'first and only' dedicated to funding the commercial tranche of export credit agency (ECA)-backed transactions in Africa.
Acre Impact Capital has made its first investment into Project Panacea, the construction and operation of three 'state-of-the-art' hospitals in regional Angola.
Through this model, Acre claims to mobilise $5.6 of private sector capital for every $1 invested.
"Acre Impact Capital is delighted to be recognised by the Environmental Finance IMPACT Awards for our unique and pioneering solution to supporting the development of climate-aligned essential infrastructure in Africa," Gwendolyn Zorn, head of impact at Acre Impact Capital, told Environmental Finance.
"Acre's Export Finance Fund I is the first and only fund dedicated to funding the commercial tranche of export credit agency-backed transactions on the continent, providing finance for the chronically underfunded tranche needed to unlock the financing for critical infrastructure."
