Recently, the Global Alliance for Banking on Values (GABV) announced the first global open-ended investment company focussed on real economy banks, called SFRE (pronounced “Sapphire” and stands for Sustainability, Finance, Real Economies). The fund was created to support the growing segment of banks focused on serving individuals and enterprises whilst engaging in the triple bottom line approach to business: people, planet, and prosperity. The goal of the fund is to meet the capital growth needs of values-based financial institutions and expand their impact around the world and in emerging markets.
Laurie Spengler, President and CEO of Enclude, and her team acted as advisor to the GABV during the formation of the fund. Enclude continues as SFRE’s placement agent. Upsides interviewed Laurie about the fund’s effect on institutions in emerging markets and the formation of the new fund.
Read the full interview at Upsides, the online platform about the world of responsible finance and sustainable development in emerging markets.