Finance in Motion

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In March 2010 the Apax Foundation made its first social investment, through the purchase of a 20% stake in Finance in Motion.

Finance in Motion is an asset management firm exclusively focused on development finance. It offers specialised investment advisory services in the management of investment vehicles that have a positive social impact in developing countries and emerging economies and generate a financial return for investors. It is the sole fund adviser for the European Fund for Southeast Europe (EFSE), which is the world's largest microfinance investment fund and is also the investment adviser of the Green for Growth Fund Southeast Europe, which promotes energy efficiency and renewable energy projects in Southeast Europe including Turkey.

In November 2010, the European Fund for Southeast Europe received a tremendous endorsement when it was announced as the winner of the 'SME Finance Challenge' at the G-20 summit in Seoul. The competition was launched to identify catalytic and innovative interventions to unlock private finance for SMEs. EFSE was selected from a field of 345 concepts submitted from more than 75 countries.

Despite the global financial crisis, the Fund has been able to successfully raise private capital, which has been distributed amongst more than 60 partner institutions in 14 transition and developing countries for the financing of investments by local SMEs.

The award acknowledges the Fund's track record in terms of establishing a financing infrastructure for SMEs and the creation of some 215,000 new jobs since its inception. "Our thanks go to all those voters who selected our concept, and we would also like to specifically thank our partners for the trust they placed in us. We are committed to doing everything in our power to efficiently and sustainably support small businesses in transition and developing countries in order to put them in a position where they are able to help themselves," said Dr Klaus Glaubitt, Chairman of EFSE's Board of Directors.

The photograph shows Sylvia Wisniwski, Managing Director of Finance in Motion, alongside US President Barack Obama, Korean President Lee Myung-bak, and Canadian Prime Minister Stephen Harper.

 

Social Investments Team

www.finance-in-motion.com