Europe’s pioneering specialist investor in impact investment firms, Zamo Capital, launched by Dr Jim Roth
Backed by investment from Big Society Capital
4 NOVEMBER 2019
4 November 2019: Zamo Capital (“Zamo”), led by Dr Jim Roth, launches today as Europe’s first specialist investor in impact investment firms. Zamo acquires equity stakes in impact fund managers, providing capital and its proven expertise, as well as intensive support and an established network of investors to help raise new capital to accelerate the growth of these firms. Dr Roth previously co-founded LeapFrog Investments, the leading impact investor in emerging markets, where he serves as a board member.
Zamo provides rocket fuel to scale impact funds. Among other things these funds address quality affordable care for the elderly, meeting critical health care challenges, and eliminating homelessness. For every £1 million invested, Zamo aims to help its impact funds raise £50 million.
Zamo is backed by and is building on the pioneering efforts of Big Society Capital, the leading financial institution dedicated to social impact investment in the UK. Much of the infrastructure of the UK impact investment sector, including backing specialist firms like Zamo, have been established through Big Society Capital’s pioneering and innovative approach.
Since inception, Big Society Capital has steered over £1.7 billion into impact investing in the UK. By uniting capital, expertise and ideas to create opportunities for investors and enterprises, they help to create better lives for people.
Dr Jim Roth, Founder and Partner of Zamo Capital, commented:
“With the support of Big Society Capital, we are the first specialist firm in Europe to focus entirely on investing in impact investment firms. This rapidly growing asset class has been well-established by Dyal Capital, Blackstone and Goldman Sachs’ Petershill and we see enormous opportunity in applying it to the $500 billion impact investment sector.”
“Zamo partners with firms to provide capital and the decades of valuable proven expertise that my colleagues and I bring to help accelerate their growth. Impact investment firms, our clients, want a quick decision, a transformative network to help them grow, and a thought partner through the highs and lows.”
Jeremy Rogers, Chief Investment Officer at Big Society Capital, said:
“Since inception in 2012, Big Society Capital has helped develop and invested in over £500 million of UK social impact investments. Due to our role as a market builder the majority of these have been first time funds, teams or products. As interest in the sector accelerates, we are looking to support the growth of high potential managers we see in our portfolio. We are excited by the depth of skills and experience Zamo will bring to this challenge.”
Jim is an industry pioneer of impact investing with over 25 years’ investment and operations experience. In 2007, he co-founded Leapfrog Investments, the impact fund manager that has raised over $1.6 billion over four funds, where he was centrally involved with raising all its funds.
As proven impact investors, the Zamo team can move rapidly to provide the capital and intensive support that impact funds need to grow, which includes expanding their teams and adding new capabilities, funding the cost of raising more capital, opening new offices, warehousing showcase deals, financing the buy-out of founder partner interests, and financing co-investments.
Dr Andy Kuper, founder and CEO of LeapFrog Investments, commented:
”Jim is an innovator who co-built the world’s first billion-dollar private equity firm dedicated to impact investing. He is also one of the world’s truly good people, who will do right by you in business as in life. If you are an impact manager intent on being a leader, there could be no one better to share and support your dream.”
“At Zamo, we recognise that raising money is tough and raising it from the right backer is even harder – no matter how inspiring your vision. We aim to multiply the impact of impact investment firms by helping them scale. Our investment strategy is already a proven multi-billion-pound industry within private equity. We see enormous potential in the impact sector and are delighted to be supported by Big Society Capital.”
For further information, please contact:
Dr Jim Roth
+44 20 3289 6536
+44 7989 528421
Notes to editors:
ABOUT ZAMO CAPITAL
Zamo Capital is a specialist investor in impact investment firms, accelerating their growth. We acquire equity stakes, invest capital and provide our proven expertise, alongside intensive operational support and access to our established network of investors to help them raise new capital. Zamo invests in a range of impact funds including:
Commercial funds with a distinct social impact but are primarily created to generate profit, such as clean energy and bio-tech funds
Profit with purpose funds that invest in businesses that maximise both profit and purpose
Social investment funds that lend to charities, community and housing associations, and also those that arrange social impact bonds and related investments
JIM ROTH, FOUNDER OF ZAMO CAPITAL
With over a decade at the forefront of impact investing, Jim is best known as a co-founder of LeapFrog Investments, the leading Profit with Purpose private equity firm to which investors have committed over US$1.6 bn. In 2017, LeapFrog was ranked by Fortune as one of the top 5 Companies to Change the World.
Jim is a member of the Economic Advisory Board of the International Finance Corporation and a member of the investment committee of the University of Edinburgh Endowment. He brings distinctive perspective drawing on these viewpoints as a General Partner, Limited Partner and Development Finance Institution.
Jim holds an MA from the University of Manchester and a PhD in Economics from the University of Cambridge.
ABOUT BIG SOCIETY CAPITAL
Big Society Capital improves the lives of people in the UK by connecting social investment to social enterprises and charities.
We know that investment can help social enterprises and charities achieve more. We believe the greatest chance to improve lives comes when investors and enterprises are both motivated by social mission.
We engage with investors, fund managers, social enterprises and charities to make it easier to use social investment. With our co-investors, we have made over £1.7bn of new capital available to organisations with a social mission, through investments into fund managers and social banks. We have a special focus on: providing homes for people in need; supporting communities to improve lives; and early action to prevent problems.