YEREVAN, October 27. /ARKA/. C-Quadrat Ampega Asset Management Armenia has launched a first-of-its-kind “Social Investment Fund” to stimulate socio-economic growth in Armenia and promote investment ecosystems with social impact, the company’s press service reports.
The Social Investment Fund aims to make investments in social enterprises that can play a significant role in addressing socio-economic and environmental issues in Armenia.
The investments will be made in the areas aimed at the implementation of the UN Sustainable Development Goals (SDGs), in particular
– Accessible education
– Environmental protection
– Development of regions and access to clean water
– Affordable health care
– Renewable energy
– Stable economy and responsible consumption
The Fund will consider financing those businesses in Armenia or pursuing an economic interest in the country that are financially stable or have a promising business model and at the same time demonstrate the potential for social impact.
Two types of financing opportunities are available to companies.
Direct capital investment, which is mainly intended for start-ups operating in these areas or with a justified social impact, which are at an early stage of development. This instrument provides not only access to financial resources, but also presence of a reliable institutional investor with international capital, which will increase the attractiveness of the company for other investors by creating an opportunity to attract additional resources.
By means of loans – this instrument is mainly envisaged for small social enterprises operating for at least one year. Loans will be provided at an interest-free rate or at an annual interest rate significantly lower than the market rate. The purpose of this instrument is to stimulate the growth of small social enterprises and prepare companies to access capital markets, in particular bank loans and direct capital investments.
In the Fund’s investment decision-making process, priority will be given to those companies whose social impact is assessed to be as high as possible.
Applications will be accepted from November 1, 2023. To submit an application, a letter confirming interest should be sent to [email protected].
“We are confident that the establishment of such a fund within the framework of the company’s social responsibility will become a successful experience in the Armenian market, which will inspire other large companies to follow our experience, expanding opportunities in the market and increasing social impact,” said Arman Vardanyan, CEO of C-Quadrat Ampega Asset Management Armenia.
C-Quadrat Ampega Asset Management Armenia is a pension and investment fund management company, which aims to provide high quality asset management services in Armenia in accordance with the best international practices. The company manages assets of pension and investment funds amounting to more than AMD 360 billion with about 355 thousand participants.
C-Quadrat Ampega Asset Management Armenia Armenia was founded in 2013 and is a joint venture between Austrian investment company C-Quadrat (C- QUADRAT Investment AG) and German “Ampega Asset Management GmbH” of Talanx AG Group. -0-
