Finance in Motion
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 impact 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.
Finance in Motion acts as the fund adviser for the European Fund for Southeast Europe (EFSE), which is the world's largest microfinance investment fund. It is also the investment adviser of the Green for Growth Fund Southeast Europe (GGF), which promotes energy efficiency and renewable energy projects in Southeast Europe including Turkey. In 2011 it became investment manager of the newly launched SANAD Fund for MSME, a fund which fosters employment creation through the provision of financing to micro, small and medium enterprises in the Middle East and North Africa (MENA) region. Finance in Motion is also the investment manager of the eco.business Fund, which promotes business practices contributing to biodiversity conservation and the sustainable use of natural resources in Latin America.
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. The award acknowledged the Fund's track record in terms of establishing a financing infrastructure for SMEs and the creation of some 460,000 new jobs since its inception.
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.