On the occasion of International Women’s Day (IWD) 2022, BluePeak Private Capital’s USD200 million targeted impact-linked fund qualified for the 2X Challenge, in recognition of its work and further commitments to accelerate women’s economic empowerment and promote gender equality both at BluePeak and within its investee companies.
BluePeak Private Capital has committed to investing with a gender lens using the 2X Challenge criteria. The 2X Challenge is a global gender finance initiative first launched in 2018 by the development finance institutions of the G7 countries, with the aim of mobilising USD15 billion by the end of 2022 to support projects that empower women and enhance their economic participation.
Specifically, the 2X Challenge’s USD15 billion pledge seeks to provide a capital boost to women-centred projects in developing countries that improve access to leadership opportunities, quality employment, finance, enterprise support and products and services that enhance economic participation and opportunities.
Founding members of the 2X Challenge include CDC Group (UK), Proparco (France), JICA and JBIC (Japan), DFC (US), FinDev Canada (Canada), DEG (Germany) and CDP (Italy). The European Investment Bank was the first multilateral development bank to adopt and use the 2X criteria. BluePeak Private Capital is proud that four of its investors – CDC, DFC, EIB and FMO – are all members of the 2X Challenge.