Funds

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.

Ninety One’s Africa and emerging market-focused strategy has raised close to $700m (€668m) in capital across three different funds in the past decade.

The Article 9 fund has been created in partnership with natural capital specialist IWC, majority owned by BNP Paribas Asset Management, and has raised $130m at first close.

The fund, which is Africa’s first structured debt vehicle focused on energy efficiency solutions, invests into early-stage businesses that are working on boosting climate resilience on the continent.

The SDG-focused emerging market private debt asset manager has also confirmed an increased allocation to its first fund from its cornerstone investors, including ABP, Europe’s largest pension fund.