The fund will provide unitranche funding to French and European SMEs, while encouraging the companies they finance to take account of environmental and social concerns.
From our ‘Impact Investing and the Just Transition’ report: There was a lull in private equity impact fund raising in 2023 following a banner 2022. But there are now signs that normality is returning to the market.
The private equity fund will invest in fast-growing SMEs, mainly in North Africa. At least a quarter of the fund’s invested capital is earmarked for women-owned or led businesses.
Mirova’s new fund will invest in European companies that are trying to address many of society’s more interconnected problems like climate change and growing inequity, according to the firm.
Private equity funds remain the biggest contributor of impact capital, with €158bn committed between 2015 and 2023, despite a tough market environment.
Jacqueline van den Ende, co-founder and chief executive officer of Carbon Equity, talks to Impact Investor about growing investor appetite for all things climate tech.
UK-based impact investor Bridges Fund Management has announced its second investment exit of 2024, with the sale of a supplier of plant-based foods to private equity firm NVM.
The European investor has achieved closes on two funds investing in tech-oriented and sustainable businesses in quick succession, gathering more than €2bn in total commitments between them.
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