ACCT - Africa Conservation and Communities Tourism Fund

Innpact_references_ACCT_fund

Innpact SDG8

Fund webpage

Description of the Project:

The Africa Conservation and Communities Tourism Fund SCSp SICAV-RAIF (ACCT) was established in 2021 by The Nature Conservancy (TNC) and Third Way Africa (TWA) in response to the impacts of COVID-19 to conservation, communities and tourism operators in Central and Southern Africa reserves. Its specific aim is to alleviate the short and medium-term financial stress of well-managed conservation tourism companies and to increase the conservation and community outcomes delivered by these businesses. The cornerstone investors are TNC and KfW Development Bank on behalf of the German government.

This is a landmark and innovative Covid-19 response fund. Working capital from the fund is expected to help safeguard tourism companies with the highest potential to support critical conservation landscapes and the communities that depend on them, whilst delivering quantified, scientifically sound impact outcomes and targeting to deliver a financial return to impact investors.

Innpact Contribution:

Innpact Fund Management S.A. was selected to be the Alternative Investment Fund Manager (AIFM) in late 2021 and worked with TWA, TNC and KfW to launch the fund as a RAIF. TWA is the Investment Advisor and the AIFM is responsible for Portfolio Management. Additional support services are provided by Innpact S.A. 

Project Factsheet:

 

The information contained herein is for informational and discussion purposes only and does not constitute an offer to purchase any security. 

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