11 Jun UBERIS awarded by ICFA for innovative sustainable finance projects
UBERIS, sub-fund of EIIP has been selected in the first cohort of innovative Impact and Climate Finance funds to be supported by Luxembourg as part of this fund acceleration initiative, a premiere in Europe.
On the occasion of the first Luxembourg Sustainable Finance Forum, held in Luxembourg on 30 May 2018, the International Climate Finance Accelerator Luxembourg (ICFA) announced UBERIS one of the four winners of its first selection of fund managers.
UBERIS, an investment company with societal impacts active in emerging countries is a sub-fund of EIIP – European Impact Investing Platform, the first SICAV – SIF in the world entirely dedicated to the development of impact investing strategies. UBERIS was nominated by the ICFA Board after a careful selection by an independent committee. The selection is based on the quality of the candidates’ profiles and a special effort has been made to distinguish sound investments, innovative concept and visionary fund managers.
“We are delighted to be backed by the Luxembourg International Climate Finance Accelerator (ICFA). UBERIS is proud to be among the first cohort winners, a great endorsement to our team. We are looking forward to usefully contribute to the Luxembourg social finance ecosystem. ICFA is highly relevant as an initiative to accelerate and promote Impact Finance funds. Through ICFA, Luxembourg is consolidating its leadership in social finance worldwide” says Cyrille Antignac, Founder and Managing Director of UBERIS. He adds: “We are also looking forward to work with ICFA’s coach and support advisers to structure the UBERIS Impact Fund on the European Impact Investing Platform (EIIP)”.
Marco Cipolla, Director of SELECTRA Management Company and Founder of EIIP adds: “Right from the start, UBERIS has been very skilful in developing and carrying out innovative and ambitious projects that all tend towards sustainable finance. Through EIIP, we are pleased to have contributed to the success of UBERIS. EIIP precisely aims to help Impact Investing strategies promoters to turn simple ideas in concrete professional financial products dedicated to worldwide investors and we are confident that we can keep on emulating this very positive trend.”
The ICFA is a Public Private Partnership launched in June 2017 by the Ministry of Finance and the Ministry of Sustainable Development and Infrastructure, together with a group of nine private actors with the aim of creating the necessary structures for climate finance, notably by offering support to investment fund managers, both nascent and innovative, who wish to invest in projects with a measurable impact in the fight against climate change. Two-thirds of the initiative is financed by the above-mentioned ministries and the remainder by the private sector. The initiative has received the support of the European Investment Bank.