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K&L Gates Announces United Nations Capital Development Fund Initiative on Private Investment Fund Partnership

4 June 2018
We are pleased to announce an opportunity for our investment management clients and friends to partner with a United Nations agency in a novel public-private fund partnership, and for institutions and other investors to potentially be involved in a unique impact investing initiative.  

K&L Gates LLP is advising the United Nations Capital Development Fund (“UNCDF”) in connection with an initiative to partner with an investment management firm to engage in social or developmental impact investing or emerging markets investing (or both) through a groundbreaking public-private partnership, involving the launch of a private investment fund focused on sustainable development projects in the world’s 47 least developed countries (“LDCs”).

On Friday, May 25, 2018, the UNCDF publicly posted on its website a request for expressions of interest (the “RFE”), seeking responses by June 29, 2018.  The RFE is the opening process of what is expected to be a process of first identifying one investment manager with which to partner and then establishing a private investment fund in accordance with the basic parameters of UNCDF policy constraints identified in the RFE. The RFE can be found here.

The UNCDF was established by the United Nations General Assembly to make public and private finance work for the poor in the LDCs.  Working closely with the UN Development Programme, the UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.  It deploys official development assistance and private capital to promote inclusion of those at risk of being left behind and to unlock domestic and cross-border resources for the benefit of local economic actors in LDC communities.  Historically the UNCDF has financed its operations through grants from United Nations member states and through functional joint ventures with financial services and other companies that have strategic objectives for accessing LDC economies. The proposed investment fund would represent an important step towards expanding and diversifying its funding sources.

We are providing this information to our clients and friends that may be interested in exploring participation in this process, or that may be interested in maintaining or increasing their exposure to environmental and social investments, humanitarian investments and impact investments.

Contacts for Further Information: Ed Dartley and Tony Nolan

K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

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