VANCOUVER, British Columbia | October 5th, 2021 —Deetken Impact, a Canadian asset manager, has entered into a joint venture partnership with Adobe Capital, a leading investment fund manager based in Mexico, to offer tailored and flexible financial instruments that support the growth of impact-focused businesses in the Americas. As part of this strategic acquisition, Deetken Impact has completed a 40% equity investment in Adobe Capital.
Adobe Capital manages two impact funds that provide mezzanine financing to impact-focused enterprises in Latin America across a variety of sectors. With assets under management totaling $50MM, they have pioneered the design and use of innovative self-liquidating financial instruments that support rapidly growing impact businesses while avoiding founder dilution.
“Adobe Capital has unparalleled networks and experience in impact investing in Latin America, particularly when it comes to revenue-based financing and alternative finance. We see tremendous potential to integrate our teams and processes, and to create a platform to expand flexible financing options for impact businesses” said Alexa Blain, Managing Partner of Deetken Impact. “From a team perspective, we are now bringing together 24 dedicated professionals in 6 countries, which is a fantastic footprint for supporting our portfolio companies and sourcing pipeline opportunities.”
“Partnering with Deetken Impact was a logical next step for us given our continuing regionalization efforts. In this sense, our combined capabilities will position our joint platforms as the leading private debt player in Latin America focused on impact investing with more than 45 portfolio companies throughout 14 countries” mentioned Erik Wallsten, Managing Partner of Adobe Capital.
This is the second joint venture transaction for Deetken Impact following its acquisition of a 49.9% stake in Deetken Impact Sustainable Energy in 2019. Deetken Impact and its joint venture partners together manage 5 funds representing over US$150 million in impact assets, and share a commitment to delivering strong, stable returns to investors by supporting businesses that make a meaningful contribution to the Sustainable Development Goals.
About Deetken Impact
Deetken Impact is a Canadian registered investment fund manager with a track record of over 10-year of delivering strong, stable returns to investors by supporting businesses that make a meaningful contribution to the Sustainable Development Goals. Together with its joint venture partners, Deetken Impact Sustainable Energy and Adobe Capital, Deetken Impact manages US$150 million in impact assets.
About Adobe Capital
Adobe Capital is an impact asset management firm that invests in innovative social and environmental companies in Latin America. Through flexible financing vehicles, Adobe Capital supports exceptional impact driven entrepreneurs to create profitable and scalable businesses that address the region’s most pressing social and environmental challenges. Adobe Capital is a 2021 Impact Assets 50 Manager.
About Deetken Impact Sustainable Energy
Deetken Impact Sustainable Energy manages two funds that co-invest in renewable energy and energy efficiency projects and companies in Central America and the Caribbean. With $60MM in committed capital, the funds have approved investments in 15 companies in 6 countries. Deetken Impact Sustainable Energy is a signatory to the Operating Principles for Impact Management and is also a 2021 ImpactAssets 50 Manager.