Goodwell Investments, a business development company based in the Netherlands, has announced that it will expand the scope of its impact investing services from a focus on microfinance to include small and medium-sized enterprise finance, water & sanitation, health care and renewable energy [1].
Goodwell Investments has also appointed Bernadette Blom and Bob Assenberg as partners. Bernadette Blom is the co-founder of Corporate Connect, a financial advisory firm the Netherlands with a focus on emerging markets and alternative products. Blom will continue the advisory activities of Corporate Connect within Goodwell Investments [1]. Bob Assenberg worked at Triodos Bank, a Netherlands-based commercial bank, where he managed a microfinance fund and equity funds in renewable energy in Europe and developing countries [1].
Goodwell Investments Founding Partner Wim van der Beek said, “By effectively doubling our partner team we can capture the significant growth opportunities in our field while maintaining our high quality of work…Bob will broaden the scope of our impact investing activities especially in the fields of renewable energy and SME finance, and Bernadette will expand Goodwell’s advisory activities, where we see an increasing interest from like-minded parties that want to tap into our impact investment expertise and experience” [1]. As of 2009, Goodwell Investments had USD 25 million in fund assets, all of which was allocated to microfinance funds.
By: Alexandra Pattee, Research Associate
About Goodwell Investments BV: Goodwell Investments BV, based in the Netherlands, is a for-profit, partner-owned social investment company focused on access to finance and sustainable development. It invests in entrepreneurial microfinance organizations on a socially and commercially sustainable basis. Goodwell Investments has built and manages microfinance equity investment companies in partnership with organizations in India and West Africa. As of April 2011, these companies have a total committed capital of USD 70 million that is managed in joint ventures between Goodwell Investments and local teams. Goodwell Investments is the lead investor in Aavishkaar Goodwell, a business development company for the microfinance sector in India. Goodwell Investments’ portfolio of companies has provided USD 1.2 million in small loans to 6 million families as of April 2011. In 2011, Goodwell announced that it will expand the scope of its impact investing services to include small and medium-sized enterprise finance, water & sanitation, health care and renewable energy. As of 2009, Goodwell Investments had USD 25 million in fund assets all of which was allocated to microfinance funds.
Sources and Resources:
[1] Goodwell Investments Press Release, “Goodwell broadens its impact investment activities”, Submitted directly to MicroCapital
MicroCapital.org Article, June 11, 2010, “KfW Entwicklungsbank (KfW) and Norwegian Microfinance Initiative (NMI) Commit Total of $11.6m to Goodwell West Africa to be Invested in Microfinance Sector in Ghana and Nigeria”, https://www.microcapital.org/microcapital-brief-kfw-entwicklungsbank-kfw-and-norwegian-microfinance-initiative-nmi-commit-total-of-11-6m-to-goodwell-west-africa-to-be-invested-in-microfinance-sector-in-ghana-and-nigeria/
MicroCapital.org Article, December 15, 2009, “Alitheia Capital, Goodwell Investments BV and JCS Investments Announce First Close of $60m Equity Fund for Microfinance in Nigeria and Ghana”, https://www.microcapital.org/microcapital-brief-alitheia-capital-goodwell-investments-bv-and-jcs-investments-announce-first-close-of-60m-equity-fund-for-microfinance-in-nigeria-and-ghana/
MicroCapital.org Article, May 12, 2009, “Alitheia Capital, Goodwell Investments and JCS Investments Limited Open West African Microfinance Fund Targeted at $50m”, https://www.microcapital.org/microcapital-story-alitheia-capital-goodwell-investments-and-jcs-investments-limited-invest-496m-in-west-african-microfinance-equity-fund/
MicroCapital’s Microfinance Universe: Goodwell Investments BV, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Goodwell+Investments+BV
MicroCapital’s Microfinance Universe: Triodos Microfinance Fund, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Triodos+Microfinance+Fund
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