AGC is pleased to announce the launch of Advance Trade Growth Fund (ATGF) pilot phase. ATGF is a new fund dedicated to providing trade receivables finance to small and medium enterprises (SMEs) in emerging markets. According to Factors Chain International, trade receivables financing is the fastest growing form of trade finance with a current market value of US$ 2.8 trillion. As an asset class it offers high, consistent and uncorrelated returns to investors. In addition to financial returns, ATGF targets social impact by strengthening supply chains and increasing growth of SMEs to create more jobs in emerging markets.
Money in Motion, founded by Janet McKinley, has committed US$5 million to ATGF to provide SMEs with the needed working capital that they are unable to access in their local markets. This initial capital will allow AGC to demonstrate the investment strategy behind ATGF and start building a track record. To support the fund, AGC has established teams based in London and Kosovo that have already started making investments.