Singapore-based funding supervisor Flow into Capital introduced a brand new inexperienced mortgage facility settlement with HSBC, aimed supporting its capability to deploy capital quickly and obtain larger impression throughout South and Southeast Asian round financial system investments.
Launched in 2018, Flow into Capital was based with an preliminary give attention to investing in options for the ocean plastic disaster in South and Southeast Asia, and has since broadened its funding focus to plastic circularity, together with disruptive improvements throughout worth chains, all through the world’s high-growth markets.
The brand new facility follows the latest first shut of its Flow into Capital Asia II fund, elevating $220 million for investments to scale round provide chains and recycling companies throughout India, Indonesia, Thailand, Vietnam, the Philippines, and Malaysia.
The corporate stated that the mortgage proceeds will present it with a versatile supply of liquidity to assist funding actions, enabling the agency to behave with elevated agility when funding alternatives come up by leveraging the power. The mortgage facility can be designed to scale in dimension because the fund grows and might be prolonged in period as required.
Regula Schegg, Founding Companion, CFO & CCO, Flow into Capital stated:
“The power permits us to maneuver on the tempo required to capitalize on impactful transactions we see out there, with extremely environment friendly entry to capital, to the strategic good thing about our traders.”
Gilbert Ng, Head of Banking, Company and Institutional Banking, at HSBC Singapore added:
“Flow into Capital helps to scale the round financial system throughout South and Southeast Asia, and we’re happy to assist them with this revolving inexperienced mortgage facility. With funding nonetheless a barrier for a lot of sustainability initiatives on this area, banks have a key function in unlocking capital for real-economy impression.”
