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Patamar Capital’s impact investing: On preferred business model, backing women, Mapan

Aug 06, 2018· By Putu Agung Wija Putera

©Patamar Capital

The pioneer in impact investing in Asia gives us the lowdown on its investment criteria, its new focus on women entrepreneurs and related sectors, how it helps its portfolio companies and more

Already a leader in venture capital impact investing in Asia with 17 years of experience of under its belt, Patamar Capital is eyeing even greater growth ahead, especially as it proves that socially responsible investing can coexist with attractive financial returns.

The formerly named Unitus Impact expects to raise US$150 million in a new fund (see story), with its first close in September, more than triple the US$45 million it currently manages. Patamar scored its biggest exit when one of its portfolio companies, Mapan, got snapped up by Indonesia’s largest unicorn, the ride-hailing and on-demand powerhouse Go-Jek, end of last year.

“As a result, when we were fundraising for our [latest] fund, we already had evidence that we have a success story [Mapan] in the making,” Patamar Associate Ellen Nio said in an interview. 

“We were able to convince investors that if the funds are there, we can help bring up more people like [Mapan founder] Aldi [Haryopratomo] – people who want to make a big social impact and need the investment, but are also able to give desirable returns.”

Patamar is part of a fast-growing demand for socially responsible investing that saw private equity group TPG raise US$2 billion – exceeding the US$1.5 billion targeted – for its first global impact fund last year. Market estimates for impact investments vary widely, depending on definitions and assessment methodologies – from US$114 billion per the Global Impact Investing Network, to US$23 trillion estimated by the Global Sustainable Investment Alliance, both as of end-2015.

Edited by Bernice Tang

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