Palladium has signed an agreement with its asset management arm, Bamboo Capital Partners, to act as placement agent of Bamboo’s funds. It has also appointed impact investment veteran Florian Kemmerich to lead its Fund Placement team.
As part of the deal,Kemmerich will remain in his role as Managing Partner at Bamboo where he has been since 2016, focused primarily on marketing and investor relations.
“I am very much looking forward to heading up Palladium’s Fund Placement team and to further grow that business to accelerate the deployment of capital towards the Sustainable Development Goals,” says Kemmerich.
“This move is a natural progression as Bamboo has acted as Palladium’s asset management arm since 2020. Our impact investments have made a difference to ordinary people’s lives in the least developed countries but there are many challenges ahead. To attract more private capital, we are further strengthening our ties with our partners and investors – and Palladium’s expertise and reach will enable us to accelerate this mission.”
Palladium Managing Director Jose Maria Ortiz agrees. “Fund structures, and similar investment vehicles, have an important role to play and Palladium has a strong track record as a designer and distributor of such strategies,” he explains. With this move, Palladium is looking to increase its focus on the distribution activity.
Since its inception in 2007, Bamboo has raised US$450m and invested in over 30 developing countries. Kemmerich’s additional role at Palladium will not only boost Palladium’s fund placement activity, but also support the distribution of Bamboo’s funds by leveraging Palladium’s existing platform.
Palladium has which has a strong presence in over 90 countries, has been at the forefront of mobilizing capital and implementing projects with a lasting positive impact on society, the environment, and the economy for nearly 60 years.