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Impact Investing in Mexico

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For his Summer 2010 internship, David Auerbach (MBA 2011) worked at IGNIA Partners based in Monterrey, Mexico where he worked on metrics and evaluation of  social and environmental Impact as well as conducting due diligence  and financial valuations on potential entrepreneurs to invest in. This is his report from the field.

IGNIA is an impact investing venture capital investment firm that supports high growth social enterprises that serve the base of the socio-economic pyramid in Latin America. By providing effective responses to the enormously under-served needs of low income populations, both as consumers as well as active participants in productive value chains, IGNIA empowers entrepreneurship and generates social impact while creating attractive financial returns for its investors.

I sat in the front row of Paul Asquith’s Introduction to Corporate Finance class because, more than anything, I thought his emphatic declarations around the “art of finance” would be more likely to stick in my brain. Strategy…Valuation…Execution. What’s the market? Cash is King. Question assumptions. The numbers don’t lie, people! Learn these rules, love these rules.

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