On Tuesday 20 September 2022, Innpact SA, a leading impact finance advisory firm, together with Opportunity Financial Services SA (formerly Finimmo Financial Services), announced the launch of Imagine Impact Bonds (Imagine) as a Luxembourg securitisation vehicle.
According to Innpact, Imagine will enable impact project developers, investment advisors and fund managers to attract new types of private investors through an easy and effective issuance of quality, high-impact bonds.
Securitisation is a tool for financing impact projects in a fast and cost-efficient manner while meeting the structuring, transferability and transparency standards required by institutional impact investors. Imagine will provide the impact investing sector with a new tool to connect impact projects and impact investors through a streamlined issuance process while allowing for a tailored approach to cater for the specific needs of each impact project.
Targeting bond projects from as low as €5 million and up to €50 million, Imagine aims to offer a turnkey solution for syndication, warehousing, managed accounts, co-investments and blended finance approaches.
Arnaud Gillin, Co-Founder of Innpact, said: “Since 2007, Innpact has never stopped innovating to support the development of impact finance. We pioneered the structuring of numerous blended finance funds, designed tailored governance support to impact funds, initiated acceleration programs for first-time managers, and launched the first third-party AIFM fully dedicated to impact. By creating Imagine, we continue to build the impact ecosystem and extend the list of affordable and fast time-to-market options to deploy an impact finance strategy.”
“We are very pleased and proud to bring our almost 20 years of experience in securitisation to the financing of projects benefiting people and the planet. At Opportunity, we believe that sustainable finance should become the norm. We are excited by this partnership with Innpact. Through the creation of Imagine, we want to contribute to the transition towards a more inclusive economy” said Adrien Rollé, CEO of Opportunity Financial Services.
Powered by the legal experience of CMS Luxembourg, Imagine aims to be the go-to platform for the financing of impact projects across all regions, sizes or SDG contributions. The platform will soon partner with leading institutions to design ad hoc issuance programmes to promote specific social or environmental targets such as sustainable land use, health, education, gender smart investing or high- impact carbon projects.
“Within five years, we aim to mobilise the equivalent of €5 billion of funding from private investors to contribute to the SDGs. In addition to contributing to the mainstreaming of impact finance, we will improve ESG & impact management practices in the market and support impact themes facing fundraising challenges”, said Sigridur Torfadottir, Associate Director at Innpact and Head of Development of Imagine Impact Bonds.
Further detail is available online via: www.imagine-impactbonds.com.
