Palladium buys Enclude

Palladium bought Enclude from Triodos Ventures, an independent fund managed by Netherlands-based Triodos Bank.

The acquisition is expected to expand Palladium's technical expertise, while allowing Enclude to scale its efforts and impact. Triodos Ventures will become the first institutional shareholder in majority staff-owned Palladium.

Established in 2012 as the merger of ShoreBank International and Triodos Facet, Enclude provides capital advisory and capacity building services to help drive sustainable growth in developing economies, by working with entrepreneurs and impact investors. Enclude has three main offices in the Netherlands, the US and UK. It employs a staff of 2,500 in 90 countries.

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