Sustainability | Finance | Real Economies (SFRE, pronounced Sapphire) the Company, for which Enclude acted as designer, structuring advisor and placement agent, was launched in Paris in March (3.11.15). The announcement was made during the annual meeting of the Global Alliance for Banking on Values (GABV), Enclude’s client and the initiator of the fund. The GABV’s press release announcing SFRE can be found here.