State-owned COFIDES has recently announced investments from two of its funds, the €400m Social Impact Fund, and the €2bn Co-investment Fund. Both funds are backed by financing from the post-COVID EU’s Recovery and Resilience Facility.
The fund, managed by ASR Real Estate, invests in the Dutch agricultural sector and has attracted more than €550m of commitments since it was opened to outside investors in 2022.
The transaction is the first debt conversion for nature to focus funding on terrestrial and freshwater conservation rather than on marine environments.
The banking group is providing loans to Finnish companies making green and sustainable investments, with support from European Investment Fund guarantees.
The asset manager is the latest company to firm up its plans to label funds under the UK’s financial regulator’s new regime, which is starting to gain traction.
The Baku climate change summit produced an agreement by governments to increase spending on climate mitigation and adaptation, but how much of this finance will be used to leverage private sector funding remains to be seen.
An L&G survey indicates increasing enthusiasm for impact investing mandates within the private markets portfolios of UK pension schemes, insurers and charities.
Healthcare has become a major focus for impact investors. At this year’s Impact Investor Conference, leading voices in the sector discussed the challenges and opportunities of investing to boost innovation and expand access to healthcare.
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