GLS Bank Invests €30 Million in LAGreen Fund, Marking Largest Senior Notes Issuance to Date
Article originally published on LAGreen's website on 13/08/2025. The European Union through LACIF contributes to the LAGreen Fund through financial instruments and technical assistance.
LAGreen, the first green bond fund dedicated to Latin America, has successfully closed its largest transaction in Senior Notes issuance to date. A €30 million investment from GLS Bank and its client network finalized last month, represents a significant milestone for the fund, its largest single investment by a private investor.
This latest investment marks the fourth Senior Notes tranche issued by LAGreen and underscores the fund’s ongoing success in mobilizing private institutional capital to support environmental and climate finance in emerging markets.
As the first bank to invest in LAGreen’s Senior Notes, GLS Bank is helping to set a precedent for private sector engagement in the fund. This investment builds on a decade-long partnership with Finance in Motion and reflects a deep, shared commitment to advancing sustainable finance through new channels.
“We are proud to welcome GLS Bank and its clients to LAGreen,” said Myriel Frische, Portfolio Manager of LAGreen. “This investment not only reflects our strong relationship with GLS Bank but also shows that a growing number of institutional investors recognize the value and integrity of LAGreen’s approach. We are especially honored that the fund has successfully passed GLS Bank’s rigorous impact due diligence process and has been added to their investment universe.”
“Social inequality and the climate crisis are intertwined. Finance in Motion and GLS Bank have recognized this and pursue the goal of channeling money into a sustainable direction. It can then be used for ecological change, social inclusion, and economic stability in emerging and developing countries,” said Ingo Küpper, Senior Investment and Portfolio Management Officer at GLS Bank.
GLS Bank’s commitment to impact and sustainability is reflected in their decision to offer their clients access to high-impact investment opportunities. The transaction reinforces LAGreen’s strategy of mobilizing substantial capital from the private sector to accelerate the green transition in Latin America through high-quality green bond investments.
END
About LAGreen
LAGreen is the first green bond fund dedicated to Latin America. By investing in green bonds and supporting new issuers with technical assistance, LAGreen’s goal is to boost environmental and social benefits across the region and promote the transition to a green economy. In addition, the fund aims to promote high impact standards for green bonds, both in terms of the impact of supported projects, as well as green credentials, reporting, and impact assessment.
As an impact investment fund managed by Finance in Motion and Santander Asset Management, LAGreen was established as an initiative of Germany’s KfW Development Bank, with seed capital provided by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ).
For more information visit https://lagreen.lu and follow us on LinkedIn.
About Finance in Motion
Finance in Motion is a global impact asset manager focused exclusively on sustainable development in emerging markets and developing economies. The company structures, manages, and advises impact investment funds that bring together public and private investors to address climate change, strengthen biodiversity conservation, foster the sustainable use of natural resources, improve livelihoods, and promote economic opportunities.
For more information, please visit us at: www.finance-in-motion.com
You can also follow us on LinkedIn
About GLS Bank
GLS Bank is Germany’s oldest and largest sustainable bank since 1974. Its 378,000 customers form a community based on values. It exclusively finances social and ecological projects and companies in the renewable energy, food, sustainable economy, housing, education and culture, as well as social and healthcare sectors.
Media contact LAGreen
Nusha Westhoff
Director Marketing & Communications
Phone: +49 69 271 035 742
Email: info@lagreen.lu
Media contact GLS
Galika Ivanov
Senior Press Officer
Homepage: www.glsbank.de
Email: presse@gls.de
