💶 €3.3 Billion in Impact Assets Under Management in Spain 🇪🇸 The latest report, “The Supply of Impact Capital in Spain in 2023", from SpainNAB, our National Partner, reveals notable growth 📈 and new developments driving the impact investing landscape in Spain. Pioneers Post recently covered the main findings from their report, the launch of a Spanish wholesale impact investor and a new Social Impact Bond ➡️ <link to their LinkedIn post: https://lnkd.in/d8uSufiS> 1️⃣ €1.52 Billion in Direct Impact Investment backed by €1.74 billion from banks and financial cooperatives 2️⃣ Private Funds surged by 32% this year, with 18 fund managers and 30 dedicated impact funds now actively investing 3️⃣ Ten new investment vehicles had been developed during 2023, and the total funding had increased by 10%. 💸 Impact Wholesaler: Spain’s Fondo de Impacto Social (FIS), an upcoming €400 million wholesaler managed by COFIDES, aims to fund high-impact social 👥 and environmental projects and attract further private investment. 💸 Social Impact Bond: Spain’s first social impact bond, “Málaga No Caduca”, developed through a collaboration between the Diputación de Málaga, the Confederación de Empresarios de Andalucía (CEA), and the Universidad de Málaga (UMA). It will address food waste 🥡 and food insecurity among vulnerable families, run from 2025 to 2030. Acknowledgement: Esade Center for Social Impact ( Guillermo Casasnovas, Teresa Picardo Gomendio, Helena Monill), SpainNAB (Marta González Labián, CESGA., Jose Luis Ruiz de Munain), CaixaBank, Cofides, Ángela Pérez #ImpactInvesting #Spain #SocialImpact #ImpactEconomy
