The Fund will complement the strong track record of our first three debt impact funds by offering gender-smart, tailored financing instruments at scale.
gender smart fund

VANCOUVER, BC (September 20, 2022) – Deetken Impact has launched Deetken Impact Alternative Finance (“DIAF”) Fund IV, LP (the “Fund”) as a result of the synergistic partnership of Deetken Impact and Adobe Capital. The Fund offers flexible alternatives to traditional debt or equity instruments by designing founder-friendly financing solutions that aim to support long-term growth. The Fund will invest in profitable, growth-stage enterprises with proven impact models and a commitment to gender equality throughout Spanish-speaking Latin America and the Caribbean.

The Fund is seeking aggregate equity commitments totalling US$100 million to invest in a geographically-diversified portfolio of impact enterprises via tailored debt structures ranging from Revenue-Based Financing (“RBF”) to subordinated loans with or without equity kickers. Given Deetken Impact’s pioneering role as a gender lens investor, a robust gender lens investing framework will be applied to assess and advance each portfolio company’s gender business practices. 

“We are very excited about the launch of DIAF Fund IV to continue providing tailored financing solutions to promising impact enterprises across Latin America & the Caribbean. This region has tremendous potential, yet has struggled historically in terms of access to financing, a gap we are especially well positioned to address having managed 3 impact funds to date totalling US$85 million in AUM that have completed 42 investments in 14 countries.”

Erik Wallsten, Managing Partner, Deetken Impact   

Latin America & the Caribbean is the region hardest-hit by the global pandemic, with more than 20 million people pushed into poverty*. Women have been affected disproportionately, and as a result, the pandemic is estimated to have set back gender parity by more than three decades, up from 100 years pre-pandemic to 136 today**. Additionally, nearly one third of SMEs in the region are financially constrained, consistently citing a lack of access to finance as a key barrier to growth***

We believe that many of the region’s prevailing social and environmental challenges can be addressed through profitable, market-based solutions. The Fund aims to facilitate this by providing financing to impact enterprises that are poised for growth and meaningfully contribute to the Sustainable Development Goals (“SDGs”) in the sectors of education, healthcare, affordable housing, financial inclusion, circular economy and responsible consumption.

As Deetken Impact’s fourth debt impact fund, the Fund draws on a strong track record and deep regional network. Previously, DIAF launched Mexico’s first triple bottom line impact investment fund, pioneering the use of revenue-based financing in the region, as well as the first gender-lens investing fund dedicated to Latin America & the Caribbean to empower women and advance gender equality.

 

About Deetken Impact 

Deetken Impact is a Canadian impact asset manager focused on investments in women’s empowerment, clean energy, and impact enterprises in Latin America and the Caribbean. Deetken Impact manages US$150 million in assets across five funds with a diverse team of seasoned investment professionals based in Mexico, Central America, South America, the Caribbean, and Canada, and spanning a track record of more than two decades of direct investing experience. Deetken Impact is a 2022 Impact Assets 50 Manager.

About Deetken Impact Alternative Finance

DIAF resulted from the synergistic partnership  of Deetken Impact and Adobe Capital with US$85 million in AUM and having made 42 investments in 14 countries by providing tailored financing for impact enterprises in Latin America and the Caribbean. DIAF offers a flexible alternative to traditional equity and debt instruments by designing financing solutions that are founder-friendly and aim to support long-term, sustainable growth.

 

* Economic Commission for Latin America and the Caribbean (ECLAC) (2021). The Social Panorama of Latin America 2021. 
**  World Economic Forum (2021). Global Gender Gap Report 2021
*** International Finance Corporation (2017). MSME Finance Gap.

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Magali Lamyin, Director of Communications and Development for Deetken Impact

MAGALI LAMYIN

Director of Communications and Development

 

Magali brings extensive market intelligence, business development and marketing experience from her work at the Central Bank of Mexico, the Canadian Institute for Market Intelligence, and the IESE-PWC e-Business Centre in Barcelona. She also co-led national marketing campaigns for businesses in the hospitality and early childhood education sectors for almost a decade before joining Deetken. In her current role, she is responsible for leading Deetken Impact’s communications, marketing and branding strategy. She is also involved in the due diligence process for project selection with an emphasis in Mexico.

Magali holds a BA in Economics from Mexico's ITAM and a Master's degree in Economics from the University of British Columbia.

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Jose Lamyin, Managing Partner Deetken Impact

JOSE LAMYIN

Managing Partner

 

José has extensive experience as a business advisor for clients throughout Canada, Europe and Latin America in mining, telecommunications, and finance. Prior to co-founding The Deetken Group, José worked for Teck Cominco in Peru and Canada and Deutsche Bank in London (UK). José has spearheaded much of the strategic growth of Deetken Asset Management since inception and is currently focused on investment selection.

José received his BS in Engineering from the University of British Columbia and MBA from IESE School of Business (Barcelona). Born in Peru, José is fluent in English and Spanish.

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Alexa Blain, Managing Partner Deetken Impact

ALEXA BLAIN

Managing Partner

 

Alexa is responsible for finance, operations and investor relations at Deetken Impact. She brings over 10 years of experience in financial consulting and asset management, with specific expertise in company and investment analysis, business valuation and securities/corporate finance. Prior to joining Deetken, she spent three years with African Alliance, a pan-African financial services group, where she focused on expanding the firm’s retail financial services operations as well as on the origination and negotiation of new capital. In addition, Alexa has six years of asset management experience with the Canada Pension Plan Investment Board, the Macquarie Group and the Ontario Teachers’ Pension Plan.

Alexa is a CFA Charterholder. She has also completed an MA in Financial Economics and an Honours BA in Economics, both at the University of Toronto.

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Fernando Alvarado, Head of Deetken Impact Sustainable Energy

FERNANDO ALVARADO

CEO

Honduras Renewable Energy Managers (HREM) and Caribbean Renewable Energy Managers (CAREM)

 

Fernando Alvarado leads the General Partner and Investment Advisor of two clean energy and energy efficiency project finance and venture capital funds: Honduras Renewable Energy Financing Facility (H-REFF) and Caribbean Basin Sustainable Energy Fund (CABEF), which he structured and runs with a combined target capitalization of $100m.

Development Investment Banker with 28 years of international credit and investment experience and 18 years of direct experience assessing diversified renewable energy portfolios in Latin America & the Caribbean. He has participated in more than 50 syndicated credit and investment transactions for renewable energy projects in excess of $250 MM. He led the creation, structuring, fundraising, legal closing and portfolio construction of several specialized renewable energy funds.

Costa Rican, based in San Jose, Mr. Alvarado has an MBA in Banking and Finance cum laude from Universidad de Costa Rica.

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Carl Black, Portfolio Manager Deetken Impact

CARL BLACK

Portfolio Manager

 

Carl is a Portfolio Manager with Deetken Impact focused on analyzing and working with MSMEs, social enterprises, and renewable energy developers in Latin America and the Caribbean. His main responsibilities include supporting business development, managing technical assistance projects, leading investment due diligence, and monitoring portfolio performance. Prior to joining Deetken Impact, Carl worked for five years as a consultant, advising public sector clients an non profits in Canada and financial services companies in Latin America. He started his career at the Bank of Canada, where he researched issues related to household and business credit. 

Carl completed an Honours BA in Economics at the University of British Columbia. He also holds an MSc in Economics & Development from the University of Oxford, where he earned distinctions in quantitative and development economics.

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Cristobal Aguirre, Investment Analyst at Deetken Impact

CRISTOBAL AGUIRRE

Investment Analyst

 

Cristobal has over 6 years of experience in the asset management industry, where his responsibilities have ranged from asset allocation and portfolio management to risk analysis and software development. Before relocating to Canada, Cristobal worked as a senior investment analyst in AFP Habitat—Chile’s largest pension fund—where he led the tactical asset allocation and macroeconomic research for emerging markets.

Cristobal is a CFA Charterholder, and completed a BA in Economics at Universidad de Chile.

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Chad Parsons, Senior Investment Analyst at Deetken Impact

CHAD PARSONS

SeniorInvestmentAnalyst

 

Chad has worked as a consultant in business and technology for 20 years – often helping clients with their business transformation initiatives.    He has worked with start-ups, government, and established businesses to further their product and service offerings with a balanced approach.   After pursuing a research degree on leveraging technology for social and economic development; Chad has found a valuable alignment of his background with Deetken’s innovative impact investments. 

Chad completed a BS in Engineering from the University of British Columbia and has a MSc with distinction from the University of Manchester (UK).

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