Luxembourg, 6 December 2016 – The Oasis Fund, managed by Bamboo Capital Partners, was today named a Best for the World Fund by B the Change Media, for setting the measurement and management bar in impact investing, based on its GIIRS Rating.
Best for the World Funds include investment funds that have completed the rigorous GIIRS Rating, a third-party verification of the fund’s investment impact administered by the independent non-profit B Lab. This comprehensive, comparable framework of impact measurement and management is critical to satisfying the market’s need to compare and benchmark a fund’s portfolio impact performance. Thus, the Oasis Fund has demonstrated leadership in the quest to achieve credibility for impact investing across asset classes.
GIIRS was launched five years ago to meet a core need to scale the impact-focused capital markets -- a credible, independent evaluation of the impact of companies and investment funds. Since its launch, GIIRS has rated over 90 investment funds and 2,000 companies. GIIRS allows investment managers to measure and manage the total impact of their portfolio companies using the B Impact Assessment results and compares their performance against other funds.
The 50 GIIRS-rated Best for the World Funds account for more than $3 billion in capital that will be invested in companies across all areas of social and environmental impact.
Bamboo Capital Partners is a private equity firm specialising in investing in essential services sectors in emerging economies. By using a market-oriented approach to fill gaps where government and philanthropy may not be equipped to serve effectively, they deliver social and environmental gains to their investors, while achieving above market returns.
The fund itself aims to finance organisations and entrepreneurs who have identified profitable and innovative ways to improve people’s lives and bring affordable services to low-income communities while also generating a commercial return for investors. To date, the fund has invested in 17 companies in sectors such as energy, healthcare, housing and education. The businesses involved span multiple regions (Asia, Africa and Latin America) which collectively serve over 20 million people in 10 countries.
Upon notification of the accolade, Jean-Philippe de Schrevel, Founder and Managing Partner of Bamboo Capital Partners, said, “We are extremely proud to have been named as a Best for the World Fund. The GIIRS Ratings are the gold standard for measurement in our industry and this achievement reinforces Bamboo’s position as a leading impact investor. We hope that this honour illustrates to our stakeholders that they are truly making a positive impact on thousands of people’s lives and are helping to address some of the biggest challenges in the world.”
All honorees are featured in the Winter issue of B Magazine and on B the Change Media’s digital platform, bthechange.com. Both platforms have a special editorial section dedicated to impact investing.
About Bamboo Capital Partners
Bamboo Capital Partners is a commercial private equity firm making investments that matter. It finds game-changing businesses then applies a mix of geographical and sector expertise to deliver financial and social returns. Experts in energy, healthcare and financial services globally, Bamboo has offices in Luxembourg, Geneva, Bogota, Nairobi and Singapore. Since Bamboo launched in 2007 it has proved that private capital can be profitably deployed as a tool for effective change. It has about $290m under management with a portfolio of 33 companies in over 20 countries.
About B the Change Media
B the Change Media, a partnership between B Lab and CEO Bryan Welch, former head of Ogden Publications, began publishing in 2016 in order to inspire and empower others to use business as a force for good. Building on the belief that storytelling is an essential element in this effort to transform society, the organization’s flagship publication, B Magazine, reports on the creative corporate visionaries, pioneering companies, ground breaking products, and cutting-edge ideas that are reinventing the world through positive business-led social and environmental change. B the Change Media cultivates these and other vital conversations via print, digital, video and live event platforms. The company is headquartered in Lawrence, Kansas, with offices in New York City. For more information, please contact:
Phone: (785) 832-1222 Ext. 208
B Lab is a non-profit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world, but the best for the world and society will enjoy prosperity for all for the long term.
B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) helping businesses measure, compare and improve their social and environmental performance with the free B Impact Assessment; 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform.
For more information, visit www.bcorporation.net.