The Sustainability Finance Real Economies fund, also known as the SFRE fund, has purchased an equity stake of $7.5m in Southern Bancorp, a community and rural development bank based in the United States.
This forms the fund’s first investment since its management was handed over to Justina Alders-Sheva, fund manager at Dutch asset management firm Triodos Investment Management since 1 January 2018.
Southern Bancorp remains a member of the Global Alliance for Banking on Values (GABV), which initially launched the SFRE fund in March 2015.
The business combines traditional banking and lending services with financial development tools ranging from credit counseling to public policy advocacy making therefore Southern Bancorp supporting financial growth of underserved families and communities.
The SFRE fund is said to be the first global open-ended investment fund created to deploy long-term and mission aligned capital to support the growing segment of values-based banks, and expand their impact and reach.
Courtesy of Investment Europe.