The Italian impact fund, which focuses on high-growth companies in the health and wellbeing sectors, is aiming to double its fundraising target next year.
The Spanish private equity firm specialises in investing in sustainable small and medium-sized businesses. Its impact fund is centred around three core themes: healthier lives, thriving communities, and regenerative planet.
The global asset management company’s fund will focus on innovative technologies in the areas of clean energy, circular economy, natural resources, agritech and smart cities.
Impact market players say more work needs to be done in terms of education and provision of attractive investment opportunities if a wider group of investors is to be tempted to the impact sphere.
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.
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