July 4, 2018
University of California, Berkeley, October 8th, 2017 – Today, MEXICO DEVELOPMENT I, managed by PC CAPITAL Management a private equity fund, was named Best for the World Fund by B the Change Media, for setting the measurement bar in impact investing, based on its GIIRS Rating. All honorees are featured in the Winter issue of B Magazine and on the B the Change Media’s digital Platform, bthechange.com. Both platforms have a special editorial section dedicated to impact investing.
MEXICO DEVELOPMENT I is honored as a Best for the World Fund for the second consecutive year, which includes investment funds that have completed the rigorous GIIRS Rating, a third-party verification of the fund’s investment impact administered by the independent nonprofit B Lab. This comprehensive, comparable level of impact measurement and evaluation is critical to satisfying the market’s need to compare and measure a fund’s portfolio impact performance. Thus, MEXICO DEDVELOPMENT I has demonstrated leadership in the quest to achieve credibility for impact investing across asset classes.
GIIRS was launched six years ago to meet a core need to scale the impact-focused capital markets a credible, independent evaluation of the impact of companies and investment funds. Since its launch, GIIRS has rated over 90 investment funds and 2000 companies. GIIRLS allows investment managers to measure and manage the total impact of their portfolio companies using the B Impact Assessment results and compares their performance against other funds.
The 50 GIIRS-rated Best for the World Funds account for more than 3 billion in capital that will be invested in companies across all areas of social and environmental impact.
About PC Capital Management
PC Capital Management is a private equity investment management firm based in Mexico City. The firm is actively investing the Mexico Development I, private equity fund which has a special preference for investments in the sustainability, financial services and education industries. The firm is a member of Mexico’s Mexican Private Equity Association (AMEXCAP), the Latin American Venture Capital Association (LAVCA), and Endeavor’s Globa