Dunas Capital reaffirms its commitment to responsible and sustainable investment, advancing in the development of its . The independent platform for the management of movable and real estate assets has completed the first closure of its first impact fund, called Dunas Absolute Impact, for an amount of 10 million euros, thus capturing 20% of the target size of the new vehicle, with the which is expected to reach 50 million euros.
The Spanish manager expects to carry out a second closing during the fourth quarter of 2022 with institutional investors, including insurance companies and mutuals. In addition, the Dunas Group itself has decided to also invest capital in the vehicle, thus reaffirming its commitment to sustainable products.
In this sense, David Angulo, Chairman of Dunas Capital, explained the opportunity to incorporate the concept of financial sustainability as a determining factor within the group’s investment process. “The first closure of our impact fund at a time of heightened uncertainty once again demonstrates the need and demand for vehicles that promote positive economic, social and environmental impact,” he adds.
Strategy and profitability
With a duration of 10 years and an expected net return of 8-10%, Dunas Absolute Impact is a product focused on generating a positive and measurable social and environmental impact in the most disadvantaged areas of Spain, through investment in sustainable agriculture, agri-food industry and the use of renewable energy. Its strategy focuses on economically disadvantaged Spanish regions to invest in a comprehensive and holistic way, focusing on job creation, especially among groups at high risk of social exclusion, and on the fight against climate change, collaborating with economic development and social of the target areas.
The proposed objectives will be achieved with the development of two lines of action. In the first place, the promotion of a sustainable and digitized agriculture, with the modernization of the existing cultivation systems through the digitization of the field and the creation of an agri-food transformation industry that advances in the value chain. And, on the other hand, through the promotion of self-consumption of energy, both on farms and in industry, promoting the fight against climate change.
The fund has been classified by the CNMV within the , since it pursues an explicit sustainable investment objective that allows Dunas Capital to invest with purpose and make a profit with impact. Each of the investments will be made through an SPE (Specific Purpose Companies).
The platform adds 2,000 million under management
, of which 1,700 million correspond to liquid funds. Within her catalog of alternative assets, the Spanish manager has raised 100 million euros for her first commercial aircraft fund with which she is creating a diversified portfolio. In 2021, it also launched its vehicle focused on renewable energies with a target size of up to 500 million euros and with which it has raised 40 million and made its first investments in two photovoltaic parks for a total of 253MW of installed power.
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