Mourant has advised Acumen on all the Guernsey legal aspects of the formation of its new Guernsey impact fund.
The firm says the ‘Hardest to Reach’ initiative is a first-of-a-kind blended finance strategy which aims to activate markets for clean and inclusive energy in Sub-Saharan Africa.
Acumen is a global community of entrepreneurs, investors, philanthropists, and social innovators working to break the cycle of poverty.
This latest initiative has secured US$246.5 million in approved and committed capital, and aims to achieve positive social and climate impact whilst also generating financial returns for investors.
That’s through supporting off-grid solar distribution into sub-Saharan Africa’s underserved markets – helping achieve energy access for all.
The Mourant team was led by Guernsey investment funds specialist Partner Frances Watson, who was supported by Senior Associate Alasdair McKenzie, and Associate Lauren Ingrouille.
Commenting on the transaction, Ms Watson said: “We’re delighted to have supported Acumen on the successful launch of the Hardest to Reach initiative. This project demonstrates how innovative investment structures can drive meaningful social and climate impact, while also seeking to deliver a return for investors.”
She added: “Our team’s deep understanding of Guernsey’s regulatory landscape, combined with close collaboration with Acumen and our instructing onshore counsel, enabled the successful completion of this important transaction.
“We are proud to have played a part in advancing access to clean, affordable energy in Sub-Saharan Africa, and look forward to supporting further initiatives that create positive environmental change in the future.”
