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"We Want to Transform How International Development is Financed": Palladium acquires Enclude from Triodos Bank

How can we leverage private capital to help solve some of the world's greatest challenges, while generating a financial return for investors? To do so requires an exceptional combination of capabilities, and a global reach.

Three leaders driving sustainable Positive Impact have joined forces through Palladium’s acquisition of Enclude, a leading impact investment and international development advisory firm. Enclude has been purchased from Triodos Bank, a pioneer in sustainable, values-based banking, which will become a minority shareholder in Palladium.

Making the world a better place requires resources. Experts estimate a $2.5 trillion gap between current funding levels and what it will take to accomplish the UN’s Sustainable Development Goals (SDGs). The need for funding is real, and the capital exists to meet the challenge, but it’s not currently deployed to do so.

We know that investors are looking for ways to have a positive impact while turning a profit, and the global private wealth available for investment is estimated at $250 trillion. Enclude connects clients with financial resources to drive real, sustainable growth in emerging economies.

Enclude has already mobilised over USD500 million in capital.

“If we’re going to achieve the UN’s Sustainable Development Goals (SDGs), we need to tap private capital to address development opportunities,” explains Laurie Spengler, CEO of Enclude. “Joining Palladium will leverage Enclude’s capabilities for greater reach and even greater impact.”

Christopher Hirst, incoming CEO of Palladium, agrees: “We want to transform how development is financed in the future. Our vision is to bring a commercial approach to international development, unlocking vast sums of private capital for multiple projects around the world. These new models ensure accountability and full transparency in the process, and ultimately, improve people’s lives.”

With Enclude on board, Palladium will continue to develop innovative ways of financing international development, including Development Impact Bonds (DIBs) and other inclusive growth models that are focused on measurable outcomes. Expanding the suite of impact investments will leverage private capital to address the world’s greatest challenges, while generating a financial return for investors.

Enclude has three main offices (Netherlands, the U.S., and U.K.) and is represented across the world. Combined with Palladium’s 2,500 employees across 90 countries, the possibilities to deepen Palladium’s technical expertise while scaling Enclude’s impact are limitless.

Please join us in welcoming Enclude to Palladium!

About Enclude:

Enclude is an advisory services firm dedicated to building more inclusive local economies around the globe by connecting clients with the financial, strategy, and operational tools they need to access new markets and drive sustainable growth.

Through its capacity solutions business, Enclude works with local financial institutions, business service organizations, non-profits, private companies, donors, foundations and governments to develop and launch new financial products, build inclusive value chains and business models, refine business and operational strategies, and support the adoption of sustainable business practices. Recent Enclude engagements have included research on the impact and performance of accelerator programs globally, and how to scale support for growth-oriented entrepreneurs; provision of technical assistance to several large commercial banks in South Africa on lending for energy efficiency projects; and strategic and implementation services to a global multinational corporation as it seeks to unlock the potential of small and growing businesses in several developing countries.

Enclude’s capital advisory services business offers investment banking services for businesses that are seeking to make a positive social or environmental impact. These services include capital raising, advising on capital structures and growth strategies aligned with impact goals, designing new investment products, managing responsible exits for investors, and transaction-related services.

Examples of Enclude’s recent capital advisory mandates include the design and capitalisation of the Social Finance | Real Economies (SFRE) vehicle from inception; design of an investable platform to support lending to women entrepreneurs under an innovative variable payment product; and advising solar lighting company Fenix International on its sale to ENGIE, dramatically expanding opportunities for scale.

Enclude is a result of the merger between Triodos Facet (Zeist, NL) and ShoreBank International (Washington, USA) in 2012, leveraging the companies’ combined 50-year track record of entrepreneurship development, inclusive finance, and professional services delivery. www.EncludeSolutions.com   

About Triodos Bank

Founded in 1980, Triodos Bank has become a reference point for sustainable banking globally. Triodos Bank is an independent bank that promotes sustainable and transparent banking. It does not see any conflict between a focus on people, the planet and a good financial return, instead believing that each reinforces the others in the long-term.

Triodos Bank has branches in the Netherlands, Belgium, the UK, Spain, Germany and an agency in France. It is a global authority in the field of microfinance in developing countries, Central Asia and Eastern Europe.
Triodos Bank co-founded the Global Alliance for Banking on Values, a network of 54 sustainable banks. Together these banks want to grow sustainable banking and its impact substantially.

Triodos Bank N.V. has a full banking licence and is registered with The Nederlandsche Bank N.V. (the Dutch central bank) and The Netherlands Authority for the Financial Markets.

Most recent company information is available on Triodos Bank’s website: www.triodos.com