Multi-asset manager Suma Capital was awarded as the best “Impact Investing Fund” at the Real Deals ESG Awards 2022. This is an international award that recognizes the work of the world’s best companies in private capital sector in promoting ESG criteria. Ruperto Unzué, partner of the SC Infra division, and Antoni Macià, director of investments in the same area, were in charge of receiving the award.
Sum Capital was the only awarded Spanish company in this edition, whose nomination was shared with companies such as Blume Equity, Eurazeo, Green Arrow Capital, Gresham House, MIARAKAP and Tikehau Capital. Namely, the manager is recognized by Fund for energy efficiency Suma Capital I (SCEEF I) in its category, which recognizes funds that provide access to performance strategies and that, in financial terms, meet profitability expectations for its participants.
SCEEF I was launched in 2014 with a focus on sustainable infrastructure in the field of energy efficiency, small renewable energy sources and circular economy, with a highly quantified and audited impact on the environment. Right now it is completely disinvested.
For the selection criteria, the jury took into account overall fund performance and the ability to generate impact and financial returns for its investors. For his part, the manager demonstrated his commitment to influence through wide tourfor more than ten years, in the field of these funds dedicated to the fight against climate change and investing in sustainable infrastructure.
Suma Capital has already launched its own the third fundSC Climate Impact Fund III (SCCIF III), whose target size is 300 million euros, which doubled the capital collected by the predecessor fund SC Efficiency and Environment Fund II. Suma Capital is more than 75% committed and aims to reach its target size during the first quarter of 2023.
Obligations mainly come from to repeat investors from previous funds among which it is worth highlighting 75 million euros from the EIF (European Investment Fund), which confirmed its investment in the Fund during COP27. Another project is the classification of Fund II, which has already been invested, and the new Fund III as Article 9 in accordance with the new Sustainable Finance Disclosure Regulation (SFDR). In the latter, he tied part of his success fee to achieving performance goals imposed by an independent board.
“A strong commitment to sustainability, impact and the company’s purpose to work for the future we believe in”
For Enrique Tombas, president and founder of Suma Capital: “This award demonstrates the company’s strong commitment to sustainability, impact and the company’s purpose to work for the future we believe in.” The manager was also awarded for its ESG operations in Iberia and as the best ESG manager in the low-mid market by SWEN Capital. It was also one of the first signatories of the UN PRI (United Nations Principles on Responsible Investment), where in recent years it has always achieved the highest marks.