The London-based alternative asset manager will use the investment to expand its network of biodiversity hotspots, which will generate income through the sale of credits.
The investments in green chemistry startup DUDE CHEM and deep tech startup CarbonX aim to support the development of sustainable alternatives in the manufacture of EV batteries and chemicals used in medication.
The fund will invest in companies across all sectors that target the UN SDGs, such as health and wellness, financial inclusion, sustainable infrastructure, and responsible consumption and production.
Partech Africa II fund has raised €280m at final close with commitments from a range of international investors including several European development finance institutions.
Efforts to create impact should be maintained throughout the term of an impact investment, while the benefits should be made clearer to the institutions backing impact funds, researchers say.
71% of investors said they plan to increase allocations to private markets, showing a growing interest in sustainable and climate-related investments and those with a local focus including social infrastructure and housing.
A new UN report reveals how impact funds can strengthen gender lens investing to drive inclusive and sustainable development beyond surface-level impact.
Plus, 2X Global in new partnership with social impact careers platform | BII’s social enterprise accelerator programme | EdenTree expands fixed income team.
The first portfolio secondary transaction by BII is part of a strategy to mobilise more investment in emerging markets by de-risking and encouraging capital flows into countries where funding is in short supply.
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