The Vital Impact Relief Facility (VIRF) has been recognized as one of the “30 Big Ideas Shaping ESG”, by Private Equity International. In a year when investor commitment to impact and ESG has grown and innovated in the face of the COVID-19 global hardship, the VIRF was identified as “a trailblazing fund that seeks to bridge the gap between local need and multilateral/government focus in a time of crisis” as part of the publication’s Responsible Investing supplement.
The VIRF is a $10 million emergency debt facility established to help impactful Sub-Saharan African businesses weather the economic crisis resulting from the COVID-19 pandemic. As a fast-acting fund, Vital took our responsibility as an impact investor to quickly pivot and meet the most pressing local needs. True to our impact and investment mission, we have been at the forefront of creating targeted, on-the-ground, and impactful solutions through the VIRF.
The recognition underscores our commitment to innovation, backing the businesses, entrepreneurs and ideas with the potential to create impact when and where it is needed in the region.
The Private Equity International Responsible Investing Supplement can be found here (available to PEI subscribers only).
You can find out more about the Vital Impact Relief Facility here.