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Finance in Motion
Co-founder Sylvia Wisniwski runs Finance in Motion, a €4.3B Frankfurt impact asset manager deploying blended finance across 44 emerging economies.
Finance in Motion
Finance in Motion was set up in Frankfurt in 2009 by Sylvia Wisniwski and a founding team that had already been operating the European Fund for Southeast Europe since 2005. Its mandate grew out of a simple constraint: development finance institutions needed a dedicated asset manager to place capital into microfinance and green energy across high-risk jurisdictions. Today the firm manages nine Article 9 impact funds and counts Deutsche Bank, KfW, the European Investment Bank, and the IFC among its funding partners. The strategy hinges on public-private risk layering. Public investors absorb first- and second-loss positions — the firm reports just 0.15% in losses since inception, all covered by donor funding — while private limited partners receive senior, market-rate returns. The €4.3 billion portfolio spans at least three asset classes: direct project finance for renewable energy, credit lines and equity stakes in 242 local financial institutions, and private equity investments into operating companies. Confirmed positions include a direct renewable energy investment in Ukraine via the Green for Growth Fund and a landmark sustainable cocoa financing facility in Brazil, recognized with a Sustainable Debt Award. Geographic emphasis runs from Latin America through the Middle East and into Eastern Europe and the Caucasus. The firm employs a dispersed model with 16 offices connecting Bogota to Tbilisi, placing local investment teams in the same markets where the capital lands. Adjacent vehicles include the Arbaro Fund, a sustainable forestry product launched in 2018 with forestry advisory UNIQUE, and an Advice & Capacity Building arm that has delivered over 1,000 projects to investees. In June 2024, Wisniwski, the original co-founder, was formally appointed CEO as the firm adapted its governance to a maturing institutional AUM base. Finance in Motion operates as a dedicated impact-fund platform rather than a generalist asset manager. Its entire balance of assets sits in emerging markets, and its mandate is structurally tied to donor-backed buffer layers that convert development goals into investable risk profiles. That architecture makes the firm less a traditional fund manager and more a permanent intermediary between multilateral development-bank aspirations and private-investor return requirements.
General information
Firm type
Generalist
Year founded
2009
AUM
€4.3B (per firm website, Q4 2025)
Location
Region
Europe
Country
Germany
City
Frankfurt am Main
Corporate office
Frankfurt am Main, Germany
Additional offices
Bogota, Colombia · 16 offices globally across Latin America, Eastern Europe, MENA, and Caucasus
Principals
Sylvia Wisniwski
Chief Executive Officer
Michael Phillips
Team member
Sarah Aitken
Team member
Elvira Lefting
Team member
Georg Sticher
Team member
Sector focus
Frequently asked questions
Who runs investment decisions at Finance in Motion?
Sylvia Wisniwski is the Chief Executive Officer and co-founder. She has led the organization since its official founding in 2009, and was formally re-appointed CEO in June 2024 when the firm adapted its management structure to evolving market dynamics. The twelve-person Supervisory Board, which recently added a new member to support the growth strategy, oversees the executive team but portfolio decisions are made by the internal investment teams based in the regional offices (per firm website).
Does Finance in Motion participate in fund commitments or only direct deals?
Finance in Motion invests both indirectly through local financial institutions and directly into projects and corporates. The firm channels capital through credit lines and equity stakes in 242 partner financial institutions, which then on-lend to micro, small, and medium enterprises. It also executes direct project finance deals, particularly in renewable energy, and provides direct corporate financing, as demonstrated by the Green for Growth Fund's investments in Ukraine and a sustainable-cocoa working capital facility in Brazil.
How does Finance in Motion source its capital?
The firm structures commingled funds that pair public and private capital. Public investors such as the European Investment Bank, IFC, KfW, and Citi provide first- and second-loss protection, which Finance in Motion reports has absorbed all 0.15% of losses since inception. This credit enhancement allows the firm to offer private institutional investors diversified, risk-mitigated access to 44 high-growth emerging markets.
What investment stages and asset classes does Finance in Motion typically target?
The firm covers growth-stage private debt and equity, project finance, and venture debt across three broad themes: climate action, nature protection, and financial inclusion. Asset classes include senior and subordinated loans to financial intermediaries, direct equity and quasi-equity investments in portfolio companies, and direct lending for renewable-energy and sustainable-agriculture projects. The US$10.4 billion in capital deployed since inception spans microfinance, SME banking, green energy, and sustainable forestry.
How is Finance in Motion's philanthropic or capacity-building work separated from its asset management?
The Advisory & Capacity Building team operates as a segregated but complementary unit funded separately from the investment vehicles. It has completed over 1,000 projects since inception, delivering tailored education, market-development services, and consultancy to investees. The Development Facility attached to the European Fund for Southeast Europe, launched in 2007, was the original vehicle for this technical assistance, establishing a model later replicated across the firm’s other funds.
What is Finance in Motion's known posture on co-investments alongside external GPs?
Finance in Motion typically sponsors and manages its own structured funds rather than acting as a limited partner in third-party vehicles. It partners with specialized investment advisors on specific strategies — the Arbaro Fund, for instance, was established jointly with forestry consultancy UNIQUE. The firm’s public-record donors and co-investors, including Deutsche Bank and Santander, participate within Finance in Motion-managed structures rather than as outside general partners.
Where does the underlying capital come from, and is there a single founding family?
There is no single founding family. The firm was founded in 2009 by a team of financial and development professionals led by Sylvia Wisniwski. The underlying capital comes from a standing consortium of development finance institutions, multilateral banks, and institutional investors that anchor each of the firm’s nine Article 9 funds. Deutsche Bank, Banco Santander, Citibank, KfW, the IFC, and the EIB are among the publicly listed partners.
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