LIIN CAL and UNDP partnership for the creation first social impact funds in Sri lanka was golbally showcased at un general assembly side event in New York.

Posted Date : October 12, 2018


For the very first time a Sri Lankan private sector unique initiative pioneered by Lanka Impact Investing Network(Private) Ltd (LIIN) , Capital Alliance Holdings (CAL)and United Nations Development Program (UNDP) to drive sustainability development goals in Sri Lanka was showcased in New York On 25th September, on the sidelines of the UN General Assembly , a high-level side event which was co-hosted by UNDP, the Permanent Mission of the Republic of Turkey to the UN, and the Permanent Mission of the Kingdom of Norway to the UN, to discuss emerging business models to align the private sector with the SDGs. At the event global pioneering examples will be showcased, and the Foreign Minister of Sri Lanka will highlight the unique and key private sector led initiatives from Sri Lanka

Lanka Impact Investing Network (Private) Ltd (LIIN) in partnership with Tempest PE Partners (Private) Ltd (TPE) -- partly owned by Capital Alliance Holdings Ltd (CAL), pioneered the establishment of the country’s first indigenous social impact funds in collaboration with the United Nations Development Program (UNDP) to support social entrepreneurship and inclusive and sustainable businesses in the country utilizing a private equity platform.

On 26th September at the UNDP Headquarters in NY, the signing ceremony between SOCIAL ENTERPRISE FUND (Private) LTD (SEF) and SOCIAL IMPACT CAPITAL (Private) LTD (SIC) jointly owned by LIIN & TPE, and UNDP Sri Lanka as well as UNDP SDG Impact Finance took place. The signing was observed and witnessed by high dignitaries of the Sri Lankan Government and UN/UNDP.

The signing ceremony between LIIN , CAL and UNDP was witnessed by Hon. Thilak Marapana, the Foreign Minister and the Administrator of UNDP Mr. Achim Steiner. Chandula Abeywickrema founder and chairman of LIIN, Deshan Pushparajah Managing Director of CAL signed on behalf of the two funds and Mr. Haoliang Xu assistant Administrator of UNDP signed on behalf of UNDP.

This pioneering initiative to create access to private equity to Social Entrepreneurs, Inclusive and Responsible businesses by LIIN, in partnership with TPE & UNDP has created two new funds. The first is the SOCIAL ENTERPRISE FUND (SEF) of USD 5 MILLION, catering mostly to micro, small and medium social entrepreneurs with investment ticket sizes ranging from USD 5,000 to USD 50,000. The second is the SOCIAL IMPACT CAPITAL fund (SIC), of USD 20 MILLION, catering to inclusive and responsible businesses who integrate and promote social impact in the core of their business models. The investment tickets size in the SIC is larger, ranging from USD 100,000 to USD 250,000.