Press release - February 22 2024

Blue like an Orange Sustainable Capital Fund announces $18.0 million financing to Fuentebuena (the “Company”), a Mexican lender dedicated to increase access to integral financial solutions for the Mexican underbanked population.

• Financing provided by Blue like an Orange Sustainable Capital aims to increase access to financing for public municipal employees and for ride-sharing platform drivers in Mexico. The Company’s businesses will directly contribute to improving the well-being of public municipal employees in Mexico with financial products such as payroll loans for home improvement, as well as increasing self-employment opportunities for ride-sharing platform drivers via the leasing of natural gas converted vehicles.

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals highlighted in the Fund’s impact thesis most importantly SDG 8.10: Access to Finance, SDG 8.3: Support to Entrepreneurship and SDG 11.1: Safe and Affordable Housing.

Press release - June 26 2023

Africa50 and Blue like an Orange Sustainable Capital, partner to deploy structured finance instruments to fund sustainable infrastructure in Africa

• The strategic partnership between the two organizations will leverage their strong track records, global and regional networks, and complementary capabilities to crowd in more institutional capital to bridge the infrastructure funding gap in Africa. The partnership seeks to deliver attractive risk-adjusted returns and sustainable infrastructure to propel Africa’s economic growth.

• The partnership was announced on the sidelines of the New Global Financing Pact in Paris, which primarily focused on climate, development, debt, and ways to deploy innovative financing solutions to fund infrastructure to stimulate economic growth.

Press release - February 16 2023

Blue like an Orange Sustainable Capital Fund announces US$15 million financing to Financiera Contigo to address the financing needs of Mexican female entrepreneurs at the base of the economic pyramid through a multi-product platform including individual loans, group loans, and insurance products tailored to support the growth of micro-enterprises led by women in rural and marginalized areas of Mexico.

• Financing aims to support Financiera Contigo’s mission of providing access to financial services and increasing financial literacy for Mexican female entrepreneurs at the base of the economic pyramid and primarily in rural or marginalized areas of Mexico providing financial products and services to female entrepreneurs in vulnerable communities throughout Mexico to expand their micro-enterprises

• The transaction enables Financiera Contigo to continue growing its presence in Mexico

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 8.10 and SDG 1.4

Press release - August 30 2022

Blue like an Orange Sustainable Capital discloses its 2021 adherence to the Operating Principles for Impact Management.

The Operating Principles for Impact Management provide a reference point against which the impact management systems of funds and institutions may be assessed. They draw on emerging best practices from a range of asset managers, asset owners, asset allocators, and development finance institutions. As a signatory to the Impact Principles, Blue like an Orange publicly discloses, on an annual basis, the alignment of our impact management systems with the Impact Principles and, at regular intervals, arranges for independent verification of this alignment. The last independent verification was done in 2020 and we anticipate to have the next one in the course of 2022. The following document is Blue like an Orange’s disclosure statement.

Press release - July 27 2022

Blue like an Orange Sustainable Capital Fund announces a MXN$150 million financing to Clinicas del Azucar (“Clinicas del Azucar” or the “Company”) to support the development of the leading diabetes preventative care service in Mexico.

• Financing provided by Blue like an Orange Sustainable Capital aims to support Clinicas del Azucar’s growth strategy across Mexico, increasing access to affordable diabetes management and preventive care for patients either diagnosed or at-risk of developing diabetes

• The transaction enables Clinicas del Azucar to expand its operations in Mexico to double its number of patients, improve healthcare sector standards, and continue to be the leading fully specialized healthcare service provider for diabetes in Mexico, offering one of the most comprehensive, affordable prevention and disease management alternative for patients

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 1.4: Ensure that all men and women, in particular the poor and vulnerable, have equal rights to economic resources, as well as access to basic services; SDG 3.4: Reduce by one third premature mortality from non-communicable diseases through prevention and treatment; and, SDG 3.8: Achieve universal health coverage, including access to quality essential health-care services

PRESS RELEASE - JULY 11 2022

Blue like an Orange Sustainable Capital Fund announces a USD10 million investment in Solinftec to foster growth of sustainable agriculture in Brazil, North America and Latin America.

• Investment provided by Blue like an Orange Sustainable Capital aims to promote efficient and sustainable farming through Solinftec’s innovative technology.

• The transaction will allow the Company to accelerate expansion of its digital farm operations platform, ALICE AI, and its robotics solution, Solix Ag Robotics, in North America and South America

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 12: Ensure sustainable consumption and production patterns.

Press release - JUNE 1 2022

Blue like an Orange Sustainable Capital Fund announces a US$10 million investment in RobinFood to improve access to quality food at affordable prices, and minimizing the environmental impact of the restaurant industry through the reduction of food waste.

• The investment provided by Blue like an Orange Sustainable Capital aims to support RobinFood´s efforts to promote access to quality food at affordable prices, especially for the low-income strata of the population

• RobinFood´s offering encourages a balanced diet among its consumers while minimizing the environmental impact of their operations through the use of technology, which allows the company to achieve low levels of food waste

• The investment is part of a US$32 million round that will allow RobinFood to continue with its successful expansion in Latin America

• The funding will contribute to the achievement of several United Nations Sustainable Development Goals, in particular SDGs 2, 8, 9 and 12

Press release - APRIL 8 2022

Blue like an Orange Sustainable Capital Fund announces its $10 million (PEN equivalent) financing to Peruvian financial institution Acceso Crediticio, to promote access to finance for unbanked / underbanked populations in Peru, while reducing the carbon intensity of the Peruvian taxi fleet.

• Financing provided by Blue like an Orange Sustainable Capital aims to support Acceso Crediticio’s efforts to increase access to finance for unbanked / underbanked population to productive credit

• Acceso Crediticio clients use loans to purchase a taxi and convert the gasoline-powered engine to natural gas. The loan typically represents a client’s introduction into the Peruvian financial system and enables clients to build their asset base, run their own small business, and reduce their carbon footprint

• The financing will channel foreign direct investment into financial structures that support poverty alleviation and emissions reduction in Peru

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, in particular SDGs 1, 8, 9, 11, and 12.

Press release - March 17 2022

Blue like an Orange Sustainable Capital Fund announces a USD10 million equity investment in Tembici to foster expansion of micromobility in Latin America.

• Investment provided by Blue like an Orange Sustainable Capital aims to support Tembici’s growth, allowing the Company to increase the number of bikes, e-bikes and enter new cities and countries in Latin America

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 11: Make cities and human settlements inclusive, safe, resilient, and sustainable

PRESS RELEASE - FEBRUARY 28 2022

Blue like an Orange Sustainable Capital Fund announces a BRL72 million financing to InvestFarma to broaden access to affordable pharmacy products and services in Brazil.

•  Financing provided by Blue like an Orange Sustainable Capital aims to support InvestFarma’s pharmacy operations within middle to lower income regions of the São Paulo state.

• The transaction will allow the Company to accelerate its expansion plan, by increasing the number of stores and expanding its product mix.

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 3: Ensure healthy lives and promote well-being for all at all ages.

Press release - December 15 2021

Blue like an Orange Sustainable Capital Fund announces a BRL 60 million investment in Rede Decisão to foster development of affordable quality basic education in Brazil

• Blue like an Orange Sustainable Capital aims to support Rede Decisão (the “Company”) on its mission towards affordable quality K-12 education, enabling students to advance further and, ultimately, reach better postsecondary education and employment opportunities.

• The transaction will allow the Company to accelerate its expansion plan, by continuing its organic and inorganic growth while empowering students, families and the local community, both within the schools and the surrounding areas.

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.

Press release - October 11 2021

Blue like an Orange Sustainable Capital ("Blue like an Orange") is pleased to announce that AXA has acquired a 20% stake in the company.

Blue like an Orange is pleased to announce that AXA has acquired a 20% stake in its capital. AXA has supported its development from the outset by being one of the first investors to commit to "Latin America Fund I", the first sub-fund of Blue like an Orange Sustainable Capital Fund SICAV-SIF SCS. AXA wishes to confirm, with this equity investment, a long-term and strategic commitment. Thanks to this support, Blue like an Orange will be able to continue and accelerate its development as set out four years ago when the company was incorporated: to become a reference in sustainable and impact investment in emerging and developing countries.

Press release - SEPTEMBER 6 2021

Blue like an Orange Sustainable Capital Fund announces a MXN$150 million financing to Alivia Clinica de Alta Especialidad (“Alivia”) to support the development of the independent healthcare service provider sector in Mexico.

• Financing provided by Blue like an Orange Sustainable Capital aims to support Alivia’s growth strategy across Mexico, increasing access to high-quality infusions and hemodialysis treatment for patients with chronic-degenerative diseases

• The transaction enables Alivia to expand its operations in Mexico, to improve healthcare sector standards, and continue to offer the lowest cost treatment alternative for patients when compared to traditional general hospitals

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 3: Ensure healthy lives and promote well-being for all at all ages

Press release - August 13 2021

Blue like an Orange Sustainable Capital Fund announces a financing to Credijusto to address the financing needs of Mexican small and medium sized enterprisesthrough an innovative multiproduct banking platform.

• Financing provided by Blue like an Orange Sustainable Capital aims to support Credijusto strengthening and broadening its products and services offering for SMEs in Mexico through the acquisition of Banco Finterra, a medium-sized bank predominantly serving SMEs

• The transaction enables Credijusto to become the first fintech to acquire a bank in Mexico and become a fully regulated entity, an important milestone for the financial industry in the country and region

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovations, by increasing the access of SMEs to financial services, including affordable credit, and their integration into value chains and markets

Press release - July 28 2021

Blue like an Orange Sustainable Capital discloses its 2020 adherence to the Operating Principles for Impact Management.

The Operating Principles for Impact Management provide a reference point against which the impact management systems of funds and institutions may be assessed. They draw on emerging best practices from a range of asset managers, asset owners, asset allocators, and development finance institutions. As a signatory to the Impact Principles, Blue like an Orange publicly discloses, on an annual basis, the alignment of our impact management systems with the Impact Principles and, at regular intervals, arranges for independent verification of this alignment. The last independent verification was done in 2020 and we anticipate to have the next one in the course of 2022. The following document is Blue like an Orange’s disclosure statement.

Press release - April 20 2021

Blue like an Orange Sustainable Capital Fund announces BRL 106 million financing to Órigo Energia to foster the growth of the solar distributed generation market in Brazil.

• Financing provided by Blue like an Orange Sustainable Capital aims to support Órigo Energia in broadening access to affordable clean energy by small and medium-sized companies (“SMEs”) and residential consumers, allowing them to reduce their energy bills and environmental footprint.

• The transaction will allow the Company to accelerate its expansion plan, increasing its solar photovoltaic installed capacity while also supporting the development of a more diverse and sustainable energy matrix in the country.

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all.

Press release - March 16 2021

Blue like an Orange Sustainable Capital Fund announces its partnership with Mexican investment firm BEEL Infrastructure, to promote investment in infrastructure projects across Mexico and Latin America, supporting economic and social development throughout the region.

• The financing provided by Blue like an Orange Sustainable Capital aims to support BEEL Infrastructure’s efforts to increase investment in the infrastructure sector and encourage economic and social development in Mexico and Latin America.

• The transaction is expected to support infrastructure projects in the transportation, energy generation, electricity transmission & distribution, and telecommunications sectors.

• The transaction represents an international partnership between Blue like an Orange Sustainable Capital and BEEL Infrastructure to channel foreign direct investment into the Mexican infrastructure sector, and will play an important role unlocking additional financing from local and international investors.

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, in particular SDGs 8, 9, 11, and 17.

Press release- December 9 2020

Blue like an Orange Sustainable Capital and IDB Invest promote the reactivation of sustainable tourism in the region with an investment of US$50 million in Selina.

• Blue like an Orange Sustainable Capital and IDB Invest, a member of the IDB Group granted US$50 million mezzanine facility for Selina, a global chain of lifestyle hotels, to support the continuity of its expansion plans in Latin America and the Caribbean (LAC).   

• The financing will allow Selina to enhance its liquidity in the midst of the COVID-19 pandemic, expand its geographic presence in LAC, and incorporate innovative concepts and amenities across its property portfolio. Tourism is a major contributor to economies in LAC and features high development income and in the context of the pandemic tourism businesses require liquidity to embrace the gradual recovery of the sector.   

• Selina generates employment opportunities for local artisans, offers training to vulnerable groups, and promotes the inclusion of micro, small and medium-sized enterprises (MSMEs) into its value chain. 

Press release- December 2 2020

Blue like an Orange Sustainable Capital Fund announces $10 million in financing Mexican Challenger Bank kubo.financiero, to promote access to affordable financial services to the emerging middle class and low-income borrowers.

• Financing provided by Blue like an Orange Sustainable Capital aims to support kubo´s efforts to deliver superior and affordable services to the segment of the Mexican population who either do not have access to financial services or cannot afford them

• The transaction will support improved technology-based credit assessment, which is expected to allow the company to expand credit provision to low income borrowers by as much as five-times

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, particularly those focused on inclusive growth, gender equality, and poverty reduction

Press release- August 31 2020

Blue like an Orange Sustainable Capital Fund announces BRL30 million in financing to GF Participações S.A., the holding company of Placi Cuidados Extensivos to support the development of the transitional hospital sector in Brazil

• Financing provided by Blue like an Orange Sustainable Capital aims to increase access to transitional hospital services to long-term care patients, filling the gap between traditional hospitals and home care in the Brazilian market

• The transaction will allow the Company to expand its current operations, leading the growth of transitional healthcare, improving sector standards, and developing quality measurement for long-term care in Brazil

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals, most importantly SDG 3: Ensure healthy lives and promote well-being for all at all ages

• The Company admits post-COVID-19 patients, contributing to the fight against the pandemic

Press release- July 10 2020

Blue like an Orange Sustainable Capital discloses its adherence and independent verification to the Operating Principle for Impact Management.

The Operating Principles for Impact Management (initiative led by the International Finance Corporation - World Bank Group) provide a reference point against which the impact management systems of funds and institutions may be assessed. They draw on emerging best practices from a range of asset managers, asset owners, asset allocators, and development finance institutions. As a founding signatory to the Principles, Blue like an Orange publicly discloses, on an annual basis, the alignment of our impact management systems with the Principles and, at regular intervals, arranges for independent verification of this alignment. The following documents are Blue like n Orange’s disclosure statement and an independent verification of alignment provided by external auditors. Overall, the Blue like an Orange system was found to have a high level of alignment with many of the Principles

Press release- June 2 2020

Blue like an Orange Sustainable Capital has closed its first fund, raising just over $200 million for its Latin America Fund I (“the Fund”).

The Fund focuses on mobilizing private, primarily institutional, capital for Latin America, and counts over 25 investors as Limited Partners -  including AXA, HSBC, CNP Assurances,  BNP Paribas Cardif, SG Insurance, and MACSF, alongside several family offices, including those of private equity and social impact pioneers, Sir Ronald Cohen and Ray Chambers.  In addition, investors in the management company include former Unilever CEO, Paul Polman; businessman and philanthropist, Alejandro Santo Domingo; businessman and former US Ambassador to Brazil, Clifford Sobel; and philanthropist, Jamie Cooper.  The company benefits from an international and interdisciplinary advisory network including renowned economist, Olivier Blanchard, and physician and anthropologist, Dr. Paul Farmer.

Press release - March 12 2020

Blue like an Orange Sustainable Capital Fund announces $10 million in financing to Tranza Holdings’s subsidiaries MOVii and MOViiRED (together “MOVii”) to support financial inclusion of unbanked individuals and SMEs in Colombia, through the use of new technologies.

• Financing provided by Blue like an Orange Sustainable Capital aims to reduce inequality by creating opportunities to those who are unbanked and underbanked in Colombia - increasing financial inclusion to individuals and to SMEs, including refugees affected by the crisis in Venezuela

• The transaction will allow the company to improve its product development and technological capabilities, as well as to start the process for a full bank license, which will help the company to increase its market penetration in Colombia

• Funding will contribute to the achievement of several United Nations Sustainable Development Goals

Erratum: MOVii has a diverse team. Women comprise 54% of its total workforce. Additionally, women occupy 66% of MOVii’s management positions

Press release - June 12 2019

Blue like an Orange Sustainable Capital Fund announces, as part of a consortium, a $25 million financing to Grupo Cimcorp to support information and communications services expansion in Brazil.

• Transaction brings together two complementary operations, creating one of Brazil’s top IT companies with a full suite of integrated IT services

• Clients from both the public and private sectors will benefit from the services, which will improve transparency, increase efficiency and enable growth

• Funding will contribute to achievement of several of United Nations Sustainable Development Goals

Press release - may 16 2019

Blue like an Orange Sustainable Capital and the Laudato sì Challenge announce their partnership.

2019 Challenge seeks to empower one million families to remain in their homes by 2021, through securing commitments to impact and scaling proven enterprise solutions.

“Blue like an Orange Sustainable Capital shares the vision of the Laudato sì Challenge, that a new investment paradigm must emerge after the crisis to support the sustainable development of our planet and the people living on it” said Bertrand Badré.

Press release - FEBRUARY 12 2019

Blue like an Orange Sustainable Capital Fund and IDB Invest announce $70 million in financing for Cabify to boost safe urban mobility and social development in Latin America and the Caribbean.

• Deal supports innovative digital business models that are having an impact on the urban transport sector

• Financing will allow Cabify to strengthen its presence in countries where it operates across the region promoting social and environmental benefits, gender equality, and financial inclusion of drivers

• Funding seeks to support several of the United Nations Sustainable Development Goals