UK-based, nonprofit organisation Water Unite has launched a new investment vehicle, with planned capitalisation of $100-million, to provide risk-tolerant capital to small and medium-sized enterprises (SMEs) in a “missing middle” funding gap. Water Unite Impact, managed by investment manager Wellers Impact, will invest into private sector water, sanitation and plastics recycling firms globally to address the gap in the funding landscape not currently filled by charitable foundations, microfinance institutions, commercial banks and traditional capital markets.
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