Ceniarth, a single-family office focused on funding market-based solutions that benefit under-served communities, has added Advance Global Capital (AGC) to its responsible asset management portfolio. “Ceniarth is an ideal fit for our strategy,” said the CEO at AGC. “Their key goal, like ours, is to support financial inclusion by expanding access to basic financial services for growing enterprises.”
The responsible asset management segment of Ceniarth’s portfolio includes investment managers across asset classes either directly investing in impact-oriented themes or that incorporate environmental, social, and governance issues as an integral part of their diligence process. Through investing activities, Ceniarth provides capital to accelerate the deployment of products and services that directly impact underserved communities. They aim to support enterprises in ways that lead to long term commercial sustainability.
“Throughout our diligence process, we have been impressed with AGC’s long-term vision to deliver social impact at scale, as well as their early execution toward this goal,” said Greg Neichin, Ceniarth director and board member. “As a family office, we focus on funding market-based solutions benefiting underserved communities in large part because we believe that commercially sustainable approaches to problems like SME credit provision are required to generate impact at scale.” Read the full article: It takes money to make money: Advance Global Capital (AGC)
AGC promotes financial inclusion through invoice discounting for small and medium-sized enterprises (SMEs) in emerging and underserved markets. We target regions where we can have a lasting impact because the SME community is underserved by financial services and shows potential for growth. By working with local partners to establish rigorous lending practices and offer competitively priced funding, we develop local capacity, lasting financial inclusion, and a more stable financial ecosystem. Learn more about our Social Impact.