Walmart Heir’s Family Office Commits $100 Million for Debt Swaps
Forest workers plant new trees in a recently cleared part of forest in Uusi-Valamo, Heinavesi, Finland.
Photographer: Alessandro Rampazzo/AFP/Getty ImagesZOMA LAB, the family office of Walmart Inc. heir Ben Walton, has committed $100 million to a new facility to expand the market for so-called debt swaps designed to help finance climate and environmental projects.
The Private Credit Enhancement Facility will aggregate capital from private investors and the money raised will then be used to provide guarantees to back the deals, according to Enosis Capital, a boutique credit fund that developed the structure.