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Deetken Impact and Sustainable Energy Central America (SECA) have partnered to manage two renewable energy funds. These funds invest in renewable energy and energy efficiency projects in Central America and the Caribbean, and are designed to fill the financing gap for small and medium-sized enterprises. 

VANCOUVER, British Columbia | May 01, 2019 —Deetken Impact and Sustainable Energy Central America (SECA) have formed a strategic partnership for the management of two renewable energy funds, the Honduras Renewable Energy Financing Facility (H-REFF) and the Caribbean Basin Sustainable Energy Fund (together, the “Funds”), as well as future funds focused on the renewable energy sector in Latin America and the Caribbean.

The Funds have targeted AUM of USD 100 million and current commitments of USD 63 million. Their mandate is to invest in grid-connected and off-grid renewable energy and energy efficiency projects and companies in Central America and the Caribbean. The Funds were specifically designed to fill the financing gap for SMEs in the Caribbean Basin region, which frequently struggle to obtain equity and quasi-equity financing. 

As part of this strategic partnership, Deetken Impact has completed a minority equity investment in SECA, the investment advisor to the Funds, as well as in the general partners of each of the Funds. In addition, a fund managed by Deetken Impact has made limited partnership investments in the Funds.

“The transaction was motivated by the strong alignment between Deetken Impact and SECA to create and manage high performing investment funds focused on climate action in Latin America and the Caribbean,” said Alexa Blain, Chief Operating Officer of Deetken Impact. The partnership provides for immediately increased management and operational capacity as well as the opportunity for shared networks and project opportunities.

“Through this partnership between SECA and Deetken Impact we are creating a strengthened fund management team with a natural DNA of impact investing and a vision of current and future funds under management that will have significant contributions to the Sustainable Development Goals. We share the same values and investment culture that allow us to think jointly on exciting new offerings for impact investors in years to come” said Fernando Alvarado, Chief Executive Officer of SECA and of the General Partners of H-REFF and CABEF.

As part of this partnership, SECA will be rebranding as “Deetken Impact Sustainable Energy” and information on the Funds can be found on the Deetken Impact’s website: https://deetkenimpact.com/sustainable-energy 

About Deetken Impact

Deetken Impact is a Canadian registered investment fund manager with a 10-year track record of delivering strong, stable returns to investors by supporting businesses that make a meaningful contribution to the Sustainable Development Goals. Deetken currently manages and co-manages close to $100MM in impact assets, primarily in Latin America and the Caribbean. Deetken Impact is a signatory to the UN Global Compact and a certified B Corporation.

About Sustainable Energy Central America (SECA)

SECA is an investment management company based in San José, Costa Rica with regional representation in the Caribbean. Their team’s ample experience covers not only individual investment opportunities with diverse clean energy technologies, but also structuring of venture capital investment mechanisms.


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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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