ISABEL RODRÍGUEZ

Addleshaw Goddard advises Impact Bridge on closing debt fund

Addleshaw Goddard has advised Spanish impact investment manager Impact Bridge Asset Management on the closing of IB Deuda Impacto España, its first private debt vehicle and the largest impact debt fund ever launched in Spain.

The fund has secured commitments totaling €147 million and will be dedicated to financing projects with measurable social and environmental impact. Focus areas include rural development, labor inclusion, climate and environment, circular economy, sustainable agriculture, and gender equality.

The law firm had previously advised Impact Bridge on the fund’s structuring and launch. The legal team was led by Isabel Rodríguez, head of the firm’s Funds practice, with support from senior associate Gonzalo Lozano and associate Lara Taylor.

Key investors in the fund include the European Investment Fund (EIF), Cofides’ Social Impact Fund (FIS), MicroBank—CaixaBank’s fully owned social bank—and Axis, the venture capital arm of the Spanish state-owned ICO. To date, the fund has already invested in socially responsible companies such as Moda Re, Ilunion, and TuTechô.

Founded in 2018, Impact Bridge is a Spanish management firm exclusively dedicated to high-quality impact investing. The law firm has also previously advised them on the structuring of IB Sustainable Agrifood Fund I Innvierte.

mercedes.galan@lcpublishinggroup.com

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