responsAbility Social Investments AG, an investment company based in Switzerland, recently announced that it is investing an undisclosed amount in private healthcare provider Por Ti, Familia (PTF) of Peru. This is the first healthcare investment made through responsAbility Ventures I, a fund launched in January [1].
PTF, established in 2009, aims to offer “affordable” healthcare services to low- and middle-income populations in the capital city of Lima. It uses a “hubs and spoke” model to provide its services with more specialized equipment and specialists located in the hubs, while the spokes are retail locations with “simpler” infrastructure [2]. As of 2010, PTF reports having provided consultations to approximately 20,000 patients. Financial data on PTF is not available.
As of September 2011, responsAbility reported total assets under management of approximately USD 1 billion. This and other news on responsAbility appear in the quarterly newsletter “responsAbility Bulletin” that is available in English or Spanish.
By Nisha Koul, Research Associate
About responsAbility Ventures I: responsAbility Ventures I is a venture capital fund launched by responsAbility Social Investments AG of Switzerland in 2011. The fund is a limited partnership that holds a portfolio of companies aiming to serve poor people in the areas of energy, agriculture and information and communications technology (ICT). As of January 2011, the fund has raised USD 15 million plus USD 2.3 million for its related technical assistance facility.
About Por Ti, Familia: Por Ti, Familia aims to offer “affordable” healthcare services to low- and middle-income populations in Lima, Peru. Established in 2009 it uses a “hubs and spoke” model to provide its services with more specialized equipment and specialists located in the hubs, while the spokes are retail locations with “simpler” infrastructure. As of 2010, PTF reports having provided consultations to approximately 20,000 patients. Financial data on PTF is not available.
About responsAbility Social Investments AG: Founded in 2003, responsAbility Social Investments AG is a Swiss investment company whose products aim to enable investors to earn a financial return while assisting people in emerging markets to access information and markets in sectors such as microfinance, small and medium-sized enterprise (SME) financing, fair trade and independent media. As of September 2011, responsAbility reported total assets under management of approximately USD 1 billion. responsAbility is backed by Swiss financial institutions and a social venture capital company as founders and shareholders including Baumann & Cie, Banquiers, Credit Suisse, Raiffeisen Schweiz, Swiss Re, Bank Vontobel AG as well as George Avenue.
Sources and Additional Resources:
[1] responsAbility Quarterly Bulletin, “Setting the Pace in Latin America,” http://link.responsability.com/archive.php?p=115742480_112698
[2] responsAbility News, “responsAbility makes its first healthcare investment,” http://www.responsability.com/site/index.cfm?id_art=75589&vsprache=EN
MicroCapital.org story, February 1, 2011, “MICROCAPITAL BRIEF: responsAbility Social Investments AG of Switzerland Launches responsAbility Ventures I, a Venture Capital Fund That Invests in Companies Aiming for Development Impact,” https://www.microcapital.org/microcapital-brief-responsability-social-investments-ag-of-switzerland-launches-responsability-ventures-i-a-venture-capital-fund-that-invests-in-companies-aiming-for-development-impact/
MicroCapital Universe Profile: responsAbility Ventures I, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility+Ventures+I
MicroCapital Universe Profile: responsAbility Social Investments AG, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=responsAbility
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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