Dunas Capital, an independent real estate and asset management platform, has completed the first closing of its impact fund called Dunas Absolute Impact FCR with almost €10 million in capital commitments, which represents 20% of the fund’s target size, as it expects to reach €50 million.
In addition, they plan to hold a second closing during the fourth quarter of 2022.
This new fund has an investor base made up of institutional clients, including mainly insurance companies and mutual benefit societies. In addition, the Dunas Group itself has also decided to invest in the fund, reaffirming its commitment with the sustainable product.
With a 10-year duration and an expected net return of 8-10%, Dunas Absolute Impact is a product focused on generating a positive and measurable social and environmental impact in the most disadvantaged areas of Spain, through investments in sustainable agriculture, the agri-food industry and the use of renewable energies.
The fund’s strategy focuses on economically disadvantaged regions of Spain to invest in a comprehensive and holistic manner, focusing on job creation, especially among groups at high risk of social exclusion, and on the fight against climate change, thus collaborating with the economic and social development of the target areas.
