ImpactAlpha covers BV’s first-of-a-kind oceans investment

Builders Vision's newest oceans co-investment covered in ImpactAlpha: Bahamas swaps ‘debt for nature’ to invest $124 million in marine conservation

Key takeaways

• "The Bahamas deal includes a $200 million credit-risk guarantee from the Inter-American Development Bank. Lukas Walton’s family office, Builders Vision, followed with another $70 million credit-risk guarantee, collateralized by its own assets."
• "The Bahamas will pay just 4.7% on the new loan package from Standard Chartered, significantly less than its existing debt. The deal includes commitments for the Bahamas to use the interest savings for MPA management, marine spatial planning, and to develop a mangrove management plan over the next 15 years."
• "Builders Vision, which has provided $22.5 million in grants and impact investments in marine conservation in the Bahamas in the past, helped shape this deal’s milestones."
• Builders Asset Management CIO Rebecca Carland: “For us to be the first family office to join a consortium on a project like this is very in keeping with the kind of work we have been doing in oceans and conservation and that we would like to keep doing.”