Baar-Zug, Switzerland, October 03, 2023
Blue Earth Capital AG (“BlueEarth”), the specialist global impact investor, today announces the successful closing of its dedicated credit impact fund, BlueEarth Credit Strategies II (“the Fund”), which closed above target at $108.5 million. The successful close means BlueEarth has now surpassed a total of $1 billion in assets under management (AuM) across its strategies, spanning private credit, private equity and funds and co-investments.
BlueEarth Credit Strategies II will invest across impact sectors and growth markets with a diversified credit investment strategy. The Fund has a strong geographical coverage across three continents (Africa, Asia, and the Americas) [1] and allocates capital across the credit spectrum in industries including financial inclusion, agribusiness, affordable housing, energy access, and healthcare. The Fund leverages BlueEarth’s proprietary impact measurement methodology to address complex social and environmental challenges while delivering competitive financial returns. [2]
BlueEarth’s overall credit strategy has had significant successes in driving social aims such as providing access to financial services and affordable housing for underserved demographic groups and increasing educational accessibility in developing markets. BlueEarth Credit Strategies II has already achieved promising performance with three successful exits and realized returns above 12% IRR. [3] The Fund has received commitments from a diverse base of LPs and investors including a major development finance institution: the U.S. International Development Finance Corporation. BlueEarth Credit Strategies II is also registered to the ‘2X Challenge: Financing for Women’ initiative that aims to provide women in developing countries with improved access to quality employment, leadership opportunities, and enhanced economic participation and access.
Amy Wang, Head of Private Credit at Blue Earth Capital, commented: “BlueEarth Credit Strategies II is an evolution of Blue Earth Capital’s successful integrated strategy that combines private credit, private equity, and funds. Since its inception in 2017, our credit platform has invested across 24 investee companies and delivered strong market-rate returns [4], all while having a clear positive impact on more than 2.9 million lives. [5] I’m excited to announce that we have now closed our dedicated credit fund above target and I’m looking forward to continuing delivering measurable impact alongside financial returns”.
With the closing of BlueEarth Credit Strategies II, BlueEarth has also achieved a total of $1 billion in AuM across its different investment vehicles. This significant milestone demonstrates the growth of the specialist impact market, alongside investor confidence in BlueEarth’s ‘total impact’ strategy and track record of delivery. [6]
Stephen Marquardt, CEO at Blue Earth Capital, added: “This is an important moment for BlueEarth, and I am very proud of what our team has achieved over the past few years. Their dedication and deep expertise, combined with the breadth of our investment strategies and ability to scale impact throughout the investment cycle are all parts of what makes Blue Earth Capital different. I would like to thank our investors for their continued trust, and the entire BlueEarth team for their commitment and hard work as we continue to address some of the world’s most pressing social and environmental challenges”.
About Blue Earth Capital AG
Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and sustainable financial returns. The company operates dedicated private equity, private credit and fund solutions. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future. For more information, visit www.blueearth.capital.
Media relations contact
Simon Markebeck
Kekst CNC
Phone +46(0) 76 127 90 72
Email: blueearthcapital@kekstcnc.com
Investor relations contact
Julia Wicklein
Phone: +41 41 784 64 02
Email: investor.relations@blueearth.capital
Disclaimer:
All investments involve risk. Past performance is not indicative of future performance. Emerging markets impact investments involve a unique and substantial level of risk that is critical to understand before engaging in any prospective relationship with Blue Earth Capital. Investments in Emerging Markets, particularly those involving foreign currencies, may present significant additional risk, including the risk of loss of invested capital.
[1] Source: BlueEarth as at 31 August 2023
[2] There is no guarantee for future performance. Past performance is no indication for the future performance of the Fund.
[3] Past performance is no indication for future performance. Aggregated returns for the total portfolio of BlueEarth Credit Strategies II, from November 2020 to March 2023. Aggregated investment-level (“gross”) returns, i.e., gross of carry, fees, and expenses to the BlueEarth product, but net of any carry, fees, and expenses to underlying GP commitments. Source: Blue Earth Capital as at 22 September 2023.
[4] Past performance is no indication for future performance. BlueEarth’s aggregated credit investments since inception show a better performance than comparable Emerging Market private credit impact investing vehicles. Aggregated returns for the entire private credit portfolio of Blue Earth Capital, from May 2017 to March 2023. Aggregated investment-level (“gross”) returns, i.e., gross of carry, fees, and expenses to the BlueEarth product, but net of any carry, fees, and expenses to underlying GP commitments. Source: Blue Earth Capital as at 22 September 2023.
[5] Source: Blue Earth Capital as at 31 December 2022.
[6] There is no guarantee for future performance. Past performance is no indication for the future performance of the Fund or any other BlueEarth product.