Clarmondial is pleased to announce that Lombard Odier, a leading Swiss bank established in 1796, has confirmed its commitment to invest in the Food Securities Fund through its Impact Investing fund of funds: LO Gateway Development Finance. The bank’s asset management division has allocated an undisclosed amount to the fund.
Guillaume Bonnel, Head of Impact Investment, said that “at Lombard Odier, we aim to use capital as a means of fostering economic and social progress, and to combine financial return with social impact. With the Food Securities Fund, Clarmondial adopts a clever investment strategy to promote sustainable agriculture – a most urgent development need – under a standard fund structure”.
Joan Larrea, CEO of Convergence, said that “this is a great example of a traditional private bank taking a leadership role in impact investments, which creates momentum with potential investors that are currently performing their due diligence on the fund”.
The Food Securities Fund counts on a guarantee from the United States Agency for International Development (USAID), through the Bureau for Food Security (BFS) and the Development Credit Authority (DCA). Also, it is supported by Convergence, the global network for blended finance, and Climate-KIC, as well as from leading companies in the agricultural sector.
* This announcement does not constitute an offer or solicitation to any person in any jurisdiction to purchase or sell any shares. No information in this blog post should be construed as providing financial, investment, tax or other professional advice.