Positive Ventures raises R$55m for impact investing

Positive Ventures raised R$55 million for its first fund to buy stakes in companies focused on social and environmental impact. The project received funds from investors from wealth-management firms, private banking and some well-known executives from the financial market. 

Half of the money raised has been allocated, co-founder and CEO Andrea Oliveira says. The plan is to hold eight to ten investments and a reserve for secondary offerings. The fund will have up to two years to use the funds and eight to ten to divest. The individual injections range from R$1 million to R$5 million.

Source: Valor International