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KUALI FUND - GLOBAL GATEWAY

Summary sheet

Release date
4 June 2024
Status
Reference
Under appraisal | 16/05/2024
20240247
Project name
Promoter - financial intermediary
KUALI FUND - GLOBAL GATEWAY
GAWA CAPITAL PARTNERS SGEIC SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 300 million
Location
Sector(s)
Description
Objectives

The operation consists of an equity investment in the senior tranche of Kuali Fund, an impact fund which will invest in debt and equity in financial institutions and climate solution providers in India and Latin America. The EUR 300m target fund, promoted by GAWA Capital, a Spanish Fund Manager, has a blended finance structure, where EIB would co-invest alongside the European Commission, the Spanish Development Cooperation (AECID) and the UN Green Climate Fund.

Through its investments, Kuali fund aims to facilitate the creation of an ecosystem enabling smallholder farmers, micro, small and medium-sized enterprises (MSMEs) as well as other impacted rural communities in India and Latin America to access to climate solutions adapted to their needs. To maximise its effectiveness, the fund will be accompanied by a Technical Assistance Facility, funded by the EU, that will share knowledge, skills, expertise and resources on green lending and innovative climate solutions.

Environmental aspects
Procurement

The Fund and investee companies are expected to comply with the EIB's environmental and social guidelines. Y

The Fund and investee companies are expected to comply with the EIB's procurement guidelines.

Comments

N/A

Milestone
Under appraisal
Link to source
Summary sheet
KUALI FUND - GLOBAL GATEWAY

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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