CMS Luxembourg has assisted Innpact, the provider of a platform dedicated to structuring and managing impact-driven funds and Octobre S.A.S, a start-up offering financial services to asset and fund managers, on launching an investment vehicle under the denomination Octobre Liquidity Guarantee Facility (OLGF).
OLGF, being set up in the form of a reserved alternative investment fund, serves the purpose to provide security to investors wishing to exit their holdings in emerging markets and developing economies (EMDE) private impact funds, by guaranteeing execution of redemption requests during liquidity events.
In doing so, OLGF bridges the gap between the long-term financing needs of impactful projects and investors’ liquidity requirements, helping scale up private sector participation and close the USD 4.3 trillion annual SDG funding gap.
Created in 2020 by Cardano Development (Netherlands), Innpact (Luxembourg) and Octobre S.A.S (France), OLGF’s mission is to unlock private capital at scale for impactful investment in EMDEs.
CMS Luxembourg acted as lead counsel, providing full legal support across all aspects of the transaction documentation. The investment funds team made up of Aurélien Hollard (Partner), Stéphane Boutoundou (Counsel), Julie Pelcé (Senior Associate), Thibault Riscatto (Senior Associate), Karina Constantin (Managing Associate), Evangelos Sakiotis (Associate), while tax-related aspects were overseen by Frédéric Feyten (Partner).
For more information on this transaction, please click here.
