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GoImpact to launch Singapore's first VCC ESG Fund

Tuesday, January 14, 2020
Opalesque Industry Update, for New Managers - GoImpact announced plans to launch the "GOIMPACT CAPITAL (SINGAPORE) VCC".

The Fund will be established under Singapore's recently launched Variable Capital Companies (VCC) Act as part of the Monetary Authority of Singapore's (MAS) VCC pilot program.

It is intended to be a Singapore domiciled, open-ended fund with monthly liquidity, investing in a carefully curated and concentrated portfolio of primarily Asian listed companies that meet the strict definition of GoImpact's proprietary screening.

GoImpact operates an ecosystem developed to connect the dots and provide action enablers built around 3 key pillars - GoLearn (education); GoNetwork (structured advocacy); GoInvest (deal flow platform for sustainable investments) all designed to accelerate the Sustainable Development agenda from intention to implementation.

The Fund and its subsequent portfolio groups the United Nations Development Programme's 17 Sustainable Development Goals (SDGs) into 5 areas of focus - Climate, Education, Health, Inclusion and Biodiversity.

The Fund will target "net positive" ESG corporates that deliver good returns and is based on a tested and proven proprietary ESG framework. GoImpact's well-recognized knowledge in Sustainable Investing, strengthened by un-matched Partnerships (e.g. UNDP, Temasek Foundation, Financial Times, etc.,) are anchoring building blocks for this high-concentration, high-conviction Asian focused Impact Investment Fund.

The Fund will apply the globally recognized, market tested Nordic ESG/Sustainable investment experience, leveraged to develop the proprietary framework that is used to map out the investment universe and subsequent asset allocation.

The core team at GoImpact includes Helene Li - a seasoned banker and Top 2 global Sustainable Finance influencer, Top 10 influencer of FinTech & Impact and Co-Founder of GoImpact; Clarence T'ao, Former CEO of BNP Paribas China and Partner at GoImpact and Andy Ann, a celebrated tech entrepreneur and Co-Founder of GoImpact.

The Fund which will be managed in partnership with Gordian Capital Singapore Private Limited is expected to launch in Q1 2020 with AUM of approx. US$100m with most investors being Asian Family Offices.

Helene Li Co-founder of GoImpact commented: "We are delighted and honored to be the only ESG Fund included in the inaugural group of VCC, a visionary initiative by the Monetary Authority of Singapore. Without doubt, Sustainable Finance investments have reached a tipping point with USD 17.5 trillion grouped under ESG portfolios as of 2018. To truly mainstream this momentum, Asia-focused and Asia-managed ESG Funds that leverage the best-in-class expertise will be much needed. That is the fundamental mandate of the GoImpact ESG Asia Fund."

"Taking advantage of the timely establishment of the VCC structure, GoImpact is excited to bring to the Asian market an ESG Fund which combines the best of European Nordic expertise and deep roots in Asian market knowledge. Together with the liquidity of the Fund, this will appeal to the investment appetite of family offices." commented Clarence T'ao, Partner of GoImpact.

"As Singapore's leading fund platform, it is a pleasure to work with GoImpact on this exciting venture and we look forward to launching additional VCC fund structures. The VCC is a well-designed, user friendly, tax efficient fund structure that will provide asset managers based in Singapore an option to launch and operate a Singapore domiciled vehicle. Both the asset management industry and investors look forward to enjoying the benefits of the newly established VCC regime for funds utilizing both public and private strategies." said Mark Voumard, Founder and CEO of Gordian Capital.

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