Las capas de la financiación combinada de impacto: un enfoque de innovación financiera para el inversor institucional

Resumen

Algunas inversiones de impacto implican riesgos elevados o rendimientos financieros inferiores a los de mercado. La financiación combinada permite estructurar dichas inversiones por capas de financiación y mecanismos de transferencias de rentabilidades y riesgos, responsabilidades de gestión y costes de transacción, de forma que puedan atraer a inversores privados en condiciones asimilables a las de mercado. En este artículo, exploramos la estructuración y tendencias de desarrollo de la financiación combinada de impacto para el inversor institucional en el contexto actual. Además, analizamos sus beneficios y desafíos, así como los factores de éxito para su implementación, para llegar a la conclusión de su eficacia e importancia para impulsar el abordaje de los desafíos sociales y ambientales a mayor escala financiera desde el ámbito de la inversión institucional privada y pública.

Palabras clave:

financiación combinada, inversión de impacto, economías emergentes, inversión sostenible, innovación financiera

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