The fund focuses on businesses committed to accelerating the transition to a sustainable, inclusive society. It requires portfolio companies to report on their impact, with the assistance of Amsterdam-based Impact Institute.
The capital will go to social enterprises providing support to those struggling with the cost of living crisis and back energy saving solutions. Local communities will have larger say over spending priorities via new community wealth funds.
Legal & General Capital has invested in the new female-led impact investment advisory firm which will fund projects across clean energy and renewables, sustainable mobility, health, and water and sanitation.
SDG 3 – Good Health & Wellbeing – continues to attract the majority of the private equity impact capital, with a total of 477 funds targeting that theme, according to the Amsterdam-based impact consultancy.