IMPACTASSETS 50™

An Annual Showcase of Impact Investment Fund Managers

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An Annual Showcase of Impact Investment Fund Managers

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ImpactAssets 50: A Global Landscape of Impact Investment Fund Managers
The ImpactAssets 50 (IA 50) is the first open-source, publicly published database of experienced private debt and equity impact investment fund managers.
https://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

IA 50 2025 PROFILE

INOKS Capital

Total Assets Under Management: $500 – 999M
Asset Class: Private Debt - Absolute Return / Notes
Primary UN Sustainable Development Goal: 1 – No Poverty
Climate Change
Food Systems and Agriculture
Gender Equality

Firm Overview

Category: Private Debt - Financial Inclusion (Microfinance, SME Finance and/or CDFIs - Emerging Markets)

INOKS Capital is a Swiss asset manager prudentially regulated by Finma providing customized financing solutions via investment funds or mandates to companies active non-speculatively in mainly the Agriculture/Food sector incl. Agtech/Fintech and renewables. The funded companies may i.e. produce or transform basic food intakes like cereals (wheat, rice) or vegetable proteins (i.e. sunflower oil) that provide resilience as they are covering basic nutritious needs. INOKS Capital aims to be the market leader in capital access for added value resilient activities in the real economy by applying its proprietary ESG/Impact framework.

Firm Headquarters: Western Europe
Years of Operation: 10 years or more
Total Assets Under Management:
$500 – 999M
Total Number of Investors: More than 25
% of Capital from Top 3 Investors: 25% – 49%
Investment Thesis:

INOKS Capital is a Swiss regulated asset manager providing through its investment funds companies customized financing solutions that support positive impact in at least one of the 4 impact themes (Food security, poverty reduction, woman empowerment and environmental quality.

Investment Overview:

The managed funds by INOKS Capital support growth by providing short term to mid- term capital solutions to SMEs in the Agri/Food Sector including Agtech/Fintech and renewables. The Fund intervenes at different stages of the Agri/Food value chain to support the working capital requirements of real economy participants and provides technical assistance in cooperation with external companies. The Fund is non-directional and seeks to mitigate non-market risks through hands-on pre-investment due diligence and post-investment transaction monitoring. Its unique approach targets consistent, resilient returns and low volatility. Through its low correlations to other traditional and alternative forms of investment, it is an attractive tool for enhanced portfolio diversification.

Company Differentiator:

-proprietary ESG/IMPACT framework embedded in the entire investment process from sourcing, due diligence, structuring and investment/Monitoring. This framework has been in place since its inception of 2006 and has been refined also with the help of external consultants since then. -INOKS Capital is among the first 75 signatories of the Operating Principles of Impact Management -long standing relationship with its investees (often revolving structure over several years) -non speculative funding, all done inhouse, only real economic activities will be funded and supported -external technical assistance programme -highest level of prudential regulation in place in Switzerland as an asset managers -detailed risk mitigation package applied to safeguard the investors capital -positive performance for the last +15 years in the investment funds with little correlations and volatility for its investors 

Investment Example

INOKS supports a local Ivorian rice processor aiming at improving food security through increased local rice availability and more stable market prices. The company’s goal is to develop and improve local milling facilities and strengthen agricultural productivity & efficiencies of local farmers’ cooperative, this is key even more so in times of global conflicts affecting food supply chains.  Financing is to assist the funding of activities pertinent to local purchase and processing of paddy rice and distribution of white rice. Available over a 12-month period for a revolving amount of EUR 7.5M. The fund will support:   Purchase of paddy rice from local farmers and/or co-operatives in Ivory Coast.  Storage of raw material at the factory.  Process and/or condition the raw material by hulling, drying, sorting, polishing, bagging into white rice  Sale and/or distribution of retail goods to local buyers 

Leadership and Team

Cumulative Leadership Experience in Impact Investing:
30 years or more
Cumulative Impact Experience of Top Three Firm Leaders:
30 years or more
Nabil Marc Abdul Massih – CEO More Info

Nabil has over 25 years of experience managing commodity investments as a trader, collateral manager and portfolio manager. He joined INOKS in 2006 to seed and launch the Ancile Fund. He is CEO, principal of INOKS and a member of the Board.

Ivan Agabekov – CFO More Info

Ivan has been with INOKS for more than 10 years. As CFO and member of the board, he oversees both the company’s investments and its finances. Since 2009, he has helped modernize and institutionalize the company. He holds a LLM, EMBA and several finance certificates.

Financial Performance

Target Financial Returns Relative to Benchmark:
Market Rates
Actual Performance of Impact Products/Funds Relative to Target Financial Returns in the Past Three Years:
In line with initial target returns
Financial Reporting Frequency to Investors or Donors
Quarterly

Impact Performance

Percentage of Total Assets Under
Management that are Impact Investments:
100%
Primary Impact Outcomes:
Alleviating poverty
Secondary Impact Outcomes:
Addressing climate change and environmental issues
Conserving land, oceans, ecosystems and natural resources
Increasing access to workforce development services, job skilling and retraining
Creating jobs
Increasing access to education and improving educational outcomes
Increasing access to financial services
Addressing racial inequities
Addressing gender inequities
Value-added Services Offered:
Access to markets
Business and legal training
Human Resources, recruiting and professional development services

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:

INOKS' ESG/Impact framework is integrated in the entire investment process from sourcing, due diligence, structuring and investment or de-investment. Funded companies need to provide detailed disclosure about their practices and processes, in case of two equal investment the one with the greater impact potential/outcome is selected. If necessary an ESAP is formulated with the company to mitigate deficiencies. 

Investments systematically include social and environmental sustainability practices in the due diligence process:

INOKS' ESG/Impact framework is integrated in the entire investment process from sourcing, due diligence, structuring and investment or de-investment. Funded companies need to provide detailed disclosure about their practices and processes. If necessary an ESAP is formulated with the company to mitigate deficiencies. 

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Impact Verified by an Independent Third-Party:
Yes
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes – to the public
Third Party Validations:
Member of Impact Capital Managers
Impact Frontiers Cohort Participant
Implement recommendations from Task Force on Climate Related-Financial Disclosure
Net Zero Assets Managers Initiative
Utilizes standardized impact metrics (e.g. IRIS+, GIIRS, etc.)
Participant on steering committees or leadership roles within impact industry associations
Publisher or contributor to industry white paper or other research in impact investing

Learn More

Key Contact Name: Samantha Lude
Phone: +41 22 718 74 31
Mailing Address:

Rue de l'Athénée 32, 1206 Geneva, Switzerland

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