Funds

The gender lens fund has received more than €9m in investment from M&G Investments reaching its fundraising target of €50m, five years after launch.

The LGPS fund’s investment will go towards building affordable housing in the north-west of England, as waiting lists for social housing continue to rise.

The investment will help support Vietnamese companies to move to clean energy sources as the country seeks to reduce its reliance on fossil fuel power.

New Forests has raised A$600m at final close for the Australia New Zealand Landscapes and Forestry Fund, with commitments from institutional investors from across Europe and Asia-Pacific.

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.

Public equity funds now make up almost 10% of Phenix Capital Group’s impact database, with the vast majority of them investing globally. Half of the funds opted for SDG7: Affordable and Clean Energy as their core investment theme in 2024.

The Biodiversity Impact Fund (BIF) will focus primarily on core themes such as regenerative agriculture, sustainable forestry, ocean preservation and sustainable fishery.

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.

Bridges Fund Management has unveiled details of its Inclusive Growth Fund, aimed at investing in purpose-driven businesses that deliver measurable benefits to vulnerable groups. The fund has been seeded with assets from Bridges Evergreen.

LeapFrog Investments has beaten its fundraising target for its Emerging Consumer Fund IV focused on high-impact healthcare and financial services companies in global growth markets.