COFIDES strengthens its social commitment in Europe with PhiTrust Partenaires

 

The development finance institution COFIDES, acting through Fondo de Impacto Social (FIS), has committed an investment of 3,9 millones de euros in the vehicle PhiTrust Partenaires Inclusion to strengthen the ecosystem of social and sustainable enterprises in Spain y Europe.

 

Boosting impact investing in the Spanish market

 

The agreement will allow the French asset manager PhiTrustA specialist in impact assets with over two decades of experience, will allocate a substantial percentage of its financial commitments to the national territory. Specifically, the firm has set a goal of investing a total of eight million euros in the Spanish impact economy, acting the FIS as a critical catalyst for attracting international capital.

 

PhiTrust Partenaires Inclusion It currently has a size close to 60 millones de eurosTheir strategy focuses on SMEs and mid-caps European companies that operate under sustainable business models, addressing challenges such as the inclusion gap, access to housing, health and employment for vulnerable groups.

 

Distribution of resources and strategic objectives

 

To date, the vehicle has already deployed capital in 14 entities distributed across Francia, Italia, Bélgica y EspañaThe priority areas for action include:

 

• Social housing and affordable.
• Socio-labor integration of people with disability.
• Promotion of circular economy.
• Solutions for the aging population.
• Strengthening the ecosystem of social entrepreneurship.

 

The key figures for the transaction and the investment fund are detailed below:

 

Concept	Details / Amount
Investment commitment COFIDES (Via FIS)	3,9 millones de euros
Investment objective of PhiTrust en España	8 millones de euros
Current size of PhiTrust Partenaires Inclusion	~60 million euros
Total endowment of Fondo de Impacto Social (FIS)	400 millones de euros

 

Management Statements

 

Ángela Pérez, President and CEO of COFIDES, he emphasized that "this investment of FIS It is relevant not only because of its amount, but also because of its additionality and catalytic effect, which will encourage greater investment in España of one of the leading impact investment vehicles in Europa«.

 

For his part, the president of PhiTrust, Olivier de GuerreHe emphasized the importance of the institutional partner: "Having COFIDES This is a great show of confidence in our team. It strengthens our presence in the Spanish market and reinforces our mission to drive innovation among social entrepreneurs across borders.”

 

Institutional context: The role of the FIS and NextGenerationEU

 

El Fondo de Impacto Social (FIS) It is a public financial instrument attached to Ministerio de Inclusión, Seguridad Social y MigracionesCreated within the framework of the addendum of Plan de Recuperación, Transformación y Resiliencia (PRTR), uses resources from NextGenerationEU to support projects that generate a measurable and positive social or environmental impact in the national territory.

 

Key points and frequently asked questions about COFIDES' investment in PhiTrust

What is the PhiTrust Partenaires Inclusion vehicle?

It is an investment fund managed by the French entity PhiTrust which specializes in financing European SMEs and mid-cap companies focused on the social economy and sustainability.

What is the direct impact of this operation in Spain?

Involvement COFIDES acts as an incentive for PhiTrust allocate 8 million euros specifically to projects within the Spanish social impact ecosystem.

Where do the funds managed by the FIS come from?

The resources come from the European instrument NextGenerationEUintegrated into the Plan de Recuperación, Transformación y Resiliencia of the Gobierno de España.

[