International Private Debt2019 / 2024
One Acre Fund
Supplying smallholder farmers across Sub-Saharan Africa with financing, seeds, fertiliser and training to lift rural incomes.
Rural developmentDecent work
International Private Debt
Global impact debt strategy with focus on emerging markets.
IB Impact Debt, FIL & IB Impact Direct Debt, FIL
Transforming unfair realities through capital
IB Impact Debt is an impact debt strategy with a focus on capital preservation and quality impact, with a track record of 5+ years. The portfolio is highly diversified across 75+ countries, 12 million individuals and 200,000+ companies financed, investing through a fund-of-funds structure (FIL) and a direct debt vehicle (Direct Debt FIL).
2019
Launch year
€70m
AuM committed
Open
Commercialisation
n.a.
Date final closing
Investment strategy
- StrategyCapital preservation and quality impact, 5+ years track record
- Target net IRR3% – 5% (EUR)
- Diversification75+ countries, 12 million individuals, 200,000+ companies financed
- StructureFund of funds + direct investments with best partners per region
- LiquidityQuarterly liquidity, monthly valuation
- CurrencyEUR-denominated with USD investments fully hedged
- SFDRArticle 9
Impact objectives
-
Access to basic services
-
Climate change mitigation and adaptation
-
Decent job creation
-
Financial inclusion
-
Women's empowerment
Select portfolio companies
-
International Private Debt2024
myAgro
Layaway savings platform enabling West African smallholder farmers to invest in high-quality seed and fertiliser packages.
Financial inclusionRural development
International Private Debt2025
Babban Gona
Nigerian agricultural franchise model providing training, input financing and guaranteed market access to over 80,000 smallholders.
Decent workFinancial inclusion
Governance
Investment team
The Impact Bridge professionals leading origination, execution and portfolio management for this strategy.
Portfolio Manager, Head of International Private Debt
Alejandra Pereda
Portfolio Manager, Head of International Private Debt
Former:
- Equity Research at Morgan Stanley
- Sectors: Building Materials, Construction & Infrastructure
- Lead / co-lead analyst OPVs Inditex & HeidelbergCement
Senior Investment Analyst at Impact Bridge since February 2020. Alejandra joined from Morgan Stanley where she spent most of her professional career: 20 years since AB Asesores was acquired by the investment bank. During that time, based in Madrid and London, she became Executive Director of Equity Research and headed the coverage of European Building Materials, Construction and Infrastructure industries. Alejandra previously fulfilled a role as lead analyst working in relevant IPOs such as Inditex, HeidelbergCement, Grohe or VolkerWessels. Her career started in AB Asesores in 1995, just before having finished the undergraduate studies, where she focused on the Spanish stock market, in particular, in small caps operating in retail, paper and tobacco. She holds an undergraduate degree in Economics and Business Administration from ICADE (Comillas Pontifical University), completed between 1991 and 1996.
LinkedIn
Head of Impact
Álvaro Navarro
Head of Impact
Former:
- Project Management at AECOM & Ferrovial
- Master in International Financial Markets
- MEng Civil Engineering (UPM)
Head of Impact at Impact Bridge. Álvaro leads the analysis, measurement, and management of the impact generated by the firm's various impact investing vehicles. With experience in over 50 transactions across emerging and developed markets, he spearheaded the development of IBIST®, a proprietary multicriteria impact assessment tool. A Civil Engineer (UPM) with a Master's in Financial Markets (UNED), he combines a strong technical background with hands-on experience in international project management (AECOM, Ferrovial) and a deep commitment to impact investing.
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Impact Analyst
Carlota de Novales
Impact Analyst
Former:
- PPE - Alliance of 4 Universities (UPF, UAB, UAM, UC3M)
Carlota joined as an intern in September 2024. She holds a degree in Philosophy, Politics, and Economics from the Alliance of Four Universities (Universitat Pompeu Fabra, Universitat Autònoma de Barcelona, Universidad Autónoma de Madrid, and Universidad Carlos III de Madrid). During her studies, she completed an Erasmus exchange at Albert-Ludwigs-Universität Freiburg (Germany), where she worked as a research assistant at the Freiburg Institute for Basic Income Studies, conducting bibliometric analyses on basic income and gender. In addition, she has combined her studies with participation in Model United Nations (MUNs) at both national and international levels, earning several awards.
LinkedIn
Investment Analyst
Juan Carlos Miralles
Investment Analyst
Former:
- Investment Analyst at La Bolsa Social
- Aerospace Engineering - Universitat Politècnica de València
Investment Analyst since May 2025. Previously, Juan Carlos worked as an Investment Analyst at La Bolsa Social starting in May 2024. He studied Aerospace Engineering at the Universitat Politècnica de València from 2018 to 2024, where he led a team focused on aircraft design and manufacturing, earning several international awards in the SAE Aero Design competition. Additionally, he volunteered for four years as a scout leader in Denia.
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Impact Committee
Independent experts who validate the impact thesis of every investment and oversee fund-level impact reporting.
Chair, President of the Impact Committee
Rebecca Eastmond
Chair, President of the Impact Committee
- Founder & CEO of Greenwood Place
- Board member of several international NGOs
Former:
- Head of Philanthropy, JP Morgan
Impact Committee Member
José Luis Fernández
Impact Committee Member
- Director of the Iberdrola Chair in Economics and Business Ethics at Universidad Pontificia Comillas
- Authorised representative of the UN Global Compact on Responsible Management Principles
Impact Committee Member
Saskia Bruysten
Impact Committee Member
- Co-founder (with Nobel Peace Laureate M. Yunus) and President of Yunus Social Business
- Member EC Expert Group on Social Entrepreneurship
Former:
- CEO Grameen Lab
- Boston Consulting Group
Impact Committee Member
Louisa Brassey
Impact Committee Member
- President of the Lucille Brassey UK Foundation
- Founder & Partner of Greenwood Place
- Non-Executive Director at Heineken
- Heineken Sustainability Committee
Impact Committee Member
Dr. Ricardo Gorodisch
Impact Committee Member
- Founder & President of Fundación Kaléidos
- Doctor in Medicine at Universidad de Buenos Aires (psychiatry)
- Member of the World Association for Infant Mental Health
Legal documentation
- Folleto (Prospectus)IB Impact Debt, FIL
- DFI / KIDIB Impact Debt — Pre-investor information sheet
- ReglamentoIB Impact Debt — Fund regulation
- Annex SFDR Art. 9IB Impact Debt — Pre-contractual sustainability disclosure
- Annual Impact ReportIB Impact Debt — SFDR periodic disclosure
- Folleto (Prospectus)IB Impact Direct Debt, FIL
- DFI / KIDIB Impact Direct Debt — Pre-investor information sheet
- ReglamentoIB Impact Direct Debt — Fund regulation
- Annex SFDR Art. 9IB Impact Direct Debt — Pre-contractual sustainability disclosure
- Annual Impact ReportIB Impact Direct Debt — SFDR periodic disclosure
Past performance is not a reliable indicator of future results. Target returns are based on reasonable assumptions and do not constitute a guarantee.