Supporting high-impact social and environmental companies.
Adobe Capital is an impact investment fund focused on supporting the early growth of social and environmental companies in Mexico.
Adobe Capital invests in innovative companies that have significant potential to scale and be financially profitable, while delivering products and services which significantly impact the quality of life of a critical mass of people.
Adobe Capital provides a mix of financing and value-added technical assistance services to promising, high-impact companies in Mexico.
When making investments, Adobe Capital seeks to tailor its transaction structures to adequately fit the specific needs of each portfolio company and help ensure their long-term success. These include tailored debt, equity or mezzanine (frequently through revenue-based convertible loans) focused on helping each portfolio company grow.
Additionally, Adobe Capital provides significant pre- and post-investment technical assistance services to ensure portfolio companies become investment-ready, as well as successful enterprises in the long run. These technical assistance services are provided through New Ventures Mexico and include support defining a company’s overall strategic direction, strengthening internal finance and accounting functions, improving management processes and corporate governance, identifying, attracting and retaining human resources, and crafting expansion strategies.
Adobe Capital seeks to invest in existing Mexican companies what already generate revenues and have a developed a clear path to profitability.
To this effect, Adobe Capital invests between US100,000 and US3 million in companies that generate economic, social and environmental returns (i.e., triple bottom line investments)
Attractive investment opportunities will demonstrate, among other qualities:
A commercially viable and scalable business model
Potential for significant social and/or environmental impact
Potential to reach and maintain financial sustainability
A strong, entrepreneurial management team
Capacity to generate quality employment opportunities
Formally established operations
Adobe Capital aims to invest primarily in the following sectors:
Erik Wallsten, Co-Founder and Managing Partner
Erik has extensive experience in the Mexican venture capital, private equity and real estate sectors. Among other investments, Erik was involved in the development of the first sustainable housing project in Mexico City as part of LaSalle Investment Management and acted as a Principal at the NAFTA Fund, a local private equity fund focused on cross-border investments involving high-growth SMEs. Erik was also part of the investment team in charge of the North American Environmental Fund, Mexico’s first environmentally-focused venture capital fund. Erik received an MBA from The University of Chicago Booth School of Business where he sits on the Advisory Board of the Social Enterprise Initiative. He also holds a Bachelor of Science degree in Industrial Engineering with Honors from Universidad Iberoamericana in Mexico City.
Rodrigo Villar, Co-Founder and Partner
Rodrigo launched New Ventures Mexico in 2004 and has led its remarkable growth into the leading sustainable business accelerator in the country. He was also instrumental in the creation of Las Paginas Verdes, the only sustainable product and service directory in Mexico and one of the largest in the world with an annual circulation in excess of 250,000 copies. As an Ashoka Fellow, Rodrigo is widely recognized as one of the country’s leading figures on social and environmental sustainability, and accordingly received the 2008 UBS Visionaris Social Entrepreneur of the year award. Rodrigo received an MBA from the Royal Melbourne Institute of Technology in Australia and holds a Bachelor of Accounting and Financial Management degree from the Tecnologico de Monterrey.
Miguel Duhalt, Investment Manager
Miguel has solid experience in finance, private equity and business development. Before joining Adobe Capital, Miguel worked at Cottonwood Technology Fund, a U.S. early stage Venture Capital fund where he was responsible for identifying disruptive technologies, handle deal flow and evaluate investment opportunities. He also has operational experience in many different industries, including financial services, CPG, Internet, IT, Life Sciences and Investment Banking. Miguel received an MBA from Duke University and holds a Bachelor of Science degree in Industrial Engineering from Tecnologico de Monterrey.
The New Ventures program was founded in 1999 by the World Resources Institute, a Washington, D.C.-based environmental think-tank focused on encouraging sustainable growth in emerging markets by supporting and accelerating the transfer of capital to businesses that deliver social and environmental benefits at the base of the economic pyramid.
In 2004, New Ventures Mexico was launched through a joint venture with the Fondo Mexicano para la Conservacion de la Naturaleza as a business accelerator that promotes market solutions for sustainable SMEs. In addition to Mexico, the New Ventures program has also launched similar platforms in Brazil, Colombia, India, China and Indonesia.
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Impact investments are investments expressly intended to create positive social and/or environmental impacts beyond a given financial return. These positive externalities are frequently created by expanding access to basic services for people in need such as water, housing, energy, education and healthcare, generating quality jobs, devising innovative production processes that benefit society, enhancing energy efficiency, facilitating local asset accumulation and/or purchasing inputs from local or smallholder providers.
Adobe Capital aims to promote the growth of the impact investment sector by demonstrating that small investments in social and environmental companies can be made in an efficient and profitable manner.
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