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THE YEAR AHEAD
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STATEMENT ON COVID-19
Given the COVID-19 pandemic, progress towards SDGs is at risk as millions of people lose their jobs, resulting in the health crisis turning into a humanitarian crisis. Now is the time for impact investors to show solidarity and continue investing to support the universal values.
COVID-19 will undoubtedly have an impact on both our fund managers and investee companies. Delays in capital deployment is to be expected. While some investees will see a slowdown in sales, others will benefit. Our manager selection for the GIP has been very robust and we only partner with fund managers after thorough due diligence.
THE YEAR AHEAD
A look into 2020
In 2020, the GIP team expects to continue to add new investments to the portfolio. The GIP will continue to develop into a well diversified portfolio of investments across asset classes, regions and impact themes. Our focus has and will be to allocate capital where it matters the most –towards our focus SDGs in countries where gaps in those SDGs are present –through carefully selected investments.
We trust that the investment managers we have selected will navigate their portfolio companies in the best possible way, keeping social and sustainable considerations in mind. In parallel, we expect that our managers will be on the lookout for impactful opportunities. Most of our fund managers are still in the investment period and we expect that there will be attractive investment opportunities as a result of the crisis. This bodes well for future returns, both from a financial and impact perspective.
The investment team has identified several compelling investment opportunities and during the first months of 2020 due diligence has commenced for a number of investments. We will also continue to mobilize investors to join us on our impact journey, which will enable us to further increase our impact footprint.
We are proud of the journey we have made together with our investors and portfolio companies so far and are very excited to continue this journey in the years ahead.
