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Finance


Investments of social impact in Chile acquire a greater prominence

Sebastián Sichel, executive vice president of Corfo, said that Chile needs a more robust financial market, so that "the result of social impact initiatives will be with real financing, ready to accelerate the process of economic transfer and entrepreneurship"

Will Poole, prominent serial investor and founder of Capria, said that "the impact investment is on track to become a global market of 1 trillion dollars, satisfying the needs of the" missing middle ". (...) Latin America is increasingly favorable for venture capital "

Fernando Larraín, general manager of the Association of AFP said: "we have been convinced that the impact investment goes hand in hand with financial return, so we have a duty with the workers of Chile to improve profitability with national investors We have to look again and rethink the investment policy, the world has changed and why not do it with regard to the discussion of the pension reform "

To discuss "Social Impact and Financial Return", representatives from ACAFI, the Pontificia Universidad Católica de Chile and Corfo met at the 2nd International Meeting, who highlighted the importance of promoting an industry with a social impact in Chile, with In order to expand the economic base of the country.

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"As an industry, we are aware that more and more the impact of investments is a key variable when making investment decisions and valuing them. Today we see that the contributors, the administrators and the market in general are looking for their investments to be rented beyond the economic, "said the president of the Chilean Association of Investment Fund Administrators (ACAFI), Luis Alberto Letelier.

In the presence of the executive vice president of Corfo, Sebastián Sichel ; UC's Director of Transference and Development, Álvaro Ossa , and more than seventy attendees - including private and institutional investors, executives of the financial industry, science-technology-based entrepreneurs, universities and service providers - Letelier affirmed that it is It is necessary to increase the investments in impact, as well as its measurement and the cadastre of funds that have this type of instruments in its portfolio.

"ACAFI has set a clear country agenda in this sense: to be a bridge in the interrelation between the world of entrepreneurship, investors and social," he said.

For his part, the owner of Corfo, Sebastian Sichel, stressed that today the public agency has central objectives to support entrepreneurship and innovation to expand the country's economic base, for which it is necessary to support investments from public and private initiatives. social return.

Sichel indicated that in Corfo "our great challenge is not to increase the coverage but the depth of the financial market, so that they dare more every day to invest in risk". He also stated that Chile needs a more robust financial market, so that "the result of social impact initiatives will be with real financing, ready to accelerate the process of economic transfer and entrepreneurship".

Will Poole: The great moment of the venture capital

The central guest of this meeting was the prominent serial investor and founder of Capria, an investment fund accelerator that focuses on impact projects, Will Poole , who affirmed that we are "in an exciting time for the world and Latin America" to achieve a high value in social problems ".

In this regard, he noted that "Chileans have wealth and entrepreneurial ability to make a difference, regionally and globally, while receiving market rates that offer solutions to urgent social problems."

Poole said that "the impact investment is on track to become a global market of 1 trillion dollars, satisfying the needs of the" missing middle ". (...) Latin America is increasingly favorable for venture capital "

Growing industry in Chile

Impact investments are already a reality in Chile. Thus began the dialogue between the different actors invited to the round table "Is Chile ready for the impact investment?", Moderated by Cristóbal Silva, director of ACAFI and president of the VC & PE Commission.

José Antonio Martínez , general manager of the Santiago Stock Exchange, gave some figures: since 2012 they have developed products in this line, such as green bonds. In his opinion, "securities markets require incorporating other variables and observing how they evolve in the long term".

For María José Montero , director of ACAFI and partner manager of FIS Ameris, this industry has grown and is part of the story and discourse among the different actors of the ecosystem. "There are 5 funds that are investment impact in our country, where the university has had a key role to develop accelerators. But not only there are funds but financial instruments that are incorporating this look, "he says.

Along the same lines, Sebastián Gatica, UC academic and CoLab Director, added that Chile is a leader in social innovation issues as a favorable context for supply and demand. "As a university we are a space for articulation and connection of the ecosystem, and we want to move forward in the medium term in the measurement of impact results"

When asked if the AFPs in Chile are prepared for these investments, Fernando Larraín , general manager of the AFP Association, was categorical in responding that "we have been convinced that the impact investment goes hand in hand with financial return, so we have a duty with the workers of Chile to improve the profitability with the national investors. We must look again and rethink the investment policy. The world has changed and why not do it with regard to the discussion of the pension reform ".


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Source: http://www.fundssociety.com/es/noticias/mercados/las-inversiones-de-impacto-social-en-chile-adquieren-un-mayor-protagonismo