Bamboo Capital, the impact investment manager for Palladium, has mobilised a combined $US2 billion in impact investments over the past 5 years, and they’re now stepping that up with a commitment to deploy $US1 billion more within the next 3 years.
Bamboo Capital is an impact investor that bridges the gap between seed and growth stage funding. It was founded by Jean-Philippe de Schrevel in 2007, and aims to improve the lives of the world’s most marginalized communities while delivering financial returns.
Bamboo recently released their latest impact report for 2020 which highlights their progress in displacing an additional 2.7 million mt of CO2 emissions, as well as supporting 3,600 jobs. This was achieved in a tumultuous year, and they were able to have a positive impact on an additional nine million lives in developing markets.
“It is a testament to the resilience of our investees, our partners and our team that we have managed to weather the crisis and challenges that Covid-19 has brought and still, against this backdrop, we delivered on the mission in terms of on the ground impact.” Jean-Philippe de Schrevel, Founder & Managing Partner of Bamboo Capital Partners commented
“It has also shown that now, more than ever, the importance of what we are building and the impact of catalytic capital. The years ahead are going to be crucial in terms of how we build more resilient communities and our plans to mobilise more than USD$1 billion over the next few years reflects the scale of the challenge and the opportunity.”
Bamboo and Palladium came together in September 2020 when Palladium took a minority equity stake in the impact fund manager, in what was called a long-term strategic partnership. Palladium designs and manages international development projects, which has a logical intersection with Bamboo’s SDG impact focussed approach to investing.
As José María Ortiz, head of Palladium’s Impact Investments says, “The Bamboo Palladium partnership gives us end-to-end expertise in impact fund management, from design to delivery. This gives us a really differentiated approach and enables us to deliver across sectors and geographies, from concept to on the ground delivery – where impact matters most.”