Home / Strategies / International Private Debt

International Private Debt

Global impact debt strategy with focus on emerging markets.

IB Impact Debt, FIL & IB Impact Direct Debt, FIL

Transforming unfair realities through capital

IB Impact Debt is an impact debt strategy with a focus on capital preservation and quality impact, with a track record of 5+ years. The portfolio is highly diversified across 75+ countries, 12 million individuals and 200,000+ companies financed, investing through a fund-of-funds structure (FIL) and a direct debt vehicle (Direct Debt FIL).

2019
Launch year
€70m
AuM committed
Open
Commercialisation
n.a.
Date final closing

Investment strategy

  • StrategyCapital preservation and quality impact, 5+ years track record
  • Target net IRR3% – 5% (EUR)
  • Diversification75+ countries, 12 million individuals, 200,000+ companies financed
  • StructureFund of funds + direct investments with best partners per region
  • LiquidityQuarterly liquidity, monthly valuation
  • CurrencyEUR-denominated with USD investments fully hedged
  • SFDRArticle 9

Impact objectives

Access to basic services
Climate change mitigation and adaptation
Decent job creation
Financial inclusion
Women's empowerment

Select portfolio companies

International Private Debt, 2019 / 2024
One Acre Fund
Supplying smallholder farmers across Sub-Saharan Africa with financing, seeds, fertiliser and training to lift rural incomes.
Rural developmentDecent work
International Private Debt, 2024
myAgro
Layaway savings platform enabling West African smallholder farmers to invest in high-quality seed and fertiliser packages.
Financial inclusionRural development
International Private Debt, 2025
Babban Gona
Nigerian agricultural franchise model providing training, input financing and guaranteed market access to over 80,000 smallholders.
Decent workFinancial inclusion

Governance

Investment team

The Impact Bridge professionals leading origination, execution and portfolio management for this strategy.

Alejandra Pereda
Alejandra Pereda
Portfolio Manager, Head of International Private Debt
Former:
  • Equity Research at Morgan Stanley
  • Sectors: Building Materials, Construction & Infrastructure
  • Lead / co-lead analyst OPVs Inditex & HeidelbergCement
Álvaro Navarro
Álvaro Navarro
Head of Impact
Former:
  • Project Management at AECOM & Ferrovial
  • Master in International Financial Markets
  • MEng Civil Engineering (UPM)
Carlota de Novales
Carlota de Novales
Impact Analyst
Former:
  • PPE - Alliance of 4 Universities (UPF, UAB, UAM, UC3M)
Juan Carlos Miralles
Juan Carlos Miralles
Investment Analyst
Former:
  • Investment Analyst at La Bolsa Social
  • Aerospace Engineering - Universitat Politècnica de València

Impact Committee

Independent experts who validate the impact thesis of every investment and oversee fund-level impact reporting.

Rebecca Eastmond
Rebecca Eastmond
Chair, President of the Impact Committee
  • Founder & CEO of Greenwood Place
  • Board member of several international NGOs
Former:
  • Head of Philanthropy, JP Morgan
José Luis Fernández
José Luis Fernández
Impact Committee Member
  • Director of the Iberdrola Chair in Economics and Business Ethics at Universidad Pontificia Comillas
  • Authorised representative of the UN Global Compact on Responsible Management Principles
Saskia Bruysten
Saskia Bruysten
Impact Committee Member
  • Co-founder (with Nobel Peace Laureate M. Yunus) and President of Yunus Social Business
  • Member EC Expert Group on Social Entrepreneurship
Former:
  • CEO Grameen Lab
  • Boston Consulting Group
Louisa Brassey
Louisa Brassey
Impact Committee Member
  • President of the Lucille Brassey UK Foundation
  • Founder & Partner of Greenwood Place
  • Non-Executive Director at Heineken
  • Heineken Sustainability Committee
Dr. Ricardo Gorodisch
Dr. Ricardo Gorodisch
Impact Committee Member
  • Founder & President of Fundación Kaléidos
  • Doctor in Medicine at Universidad de Buenos Aires (psychiatry)
  • Member of the World Association for Infant Mental Health

Legal documentation

Past performance is not a reliable indicator of future results. Target returns are based on reasonable assumptions and do not constitute a guarantee.