Deetken Asset Management Inc. is pleased to announce the first close of the Deetken Impact Fund (or “DIF”) -- - one of Canada’s first registered international impact investment funds.
DIF aims to deliver strong, consistent returns by investing in exceptional businesses that promote entrepreneurship and improve access to basic services, including clean renewable energy, healthcare and affordable housing.
It has a clear double/triple-bottom line mandate: to have a measurable positive social and/or environmental impact in the communities where it operates as well as yield market-based returns.
The Fund’s geographic focus is Latin America and the Caribbean, where Deetken Asset Management has a strong pipeline of investment opportunities in sustainable mid-sized projects and businesses.
“These mid-sized business, which are financially stable and often fall below the radar for larger funds, have a strong demand for capital combined with a need for customized technical assistance,” said José Lamyin, Chief Investment Officer. “We strongly believe that by investing in and collaborating with these businesses, we are helping to create new opportunities for growth and development in their communities.”
Alexa Blain, Chief Operating Officer, added: “We are tremendously excited to be offering Canadian and international investors the opportunity to invest in a truly unique portfolio of double or triple-bottom line investments. It’s an important step in our commitment to creating high quality impact investment products that are accessible to both large and small investors.”
DIF is domiciled in Canada and managed by Deetken Asset Management Inc., a registered Investment Fund Manager, Portfolio Manager and Exempt Market Dealer with the BC and Alberta Securities Commissions.
Deetken Asset Management Inc. is a joint venture between The Deetken Group, a Vancouver–based asset management and business advisory firm, and Cooperativa Abaco, Peru’s largest credit union. Together, these founding partners bring decades of experience in impact investments across Latin America and North America.