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.
The financing will go to TBC Bank Uzbekistan, the largest mobile-only bank in Central Asia’s most populous country, and will expand loans to women and women-led businesses.
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.
The fund offers investors an evergreen structure with a global approach aimed at solving environmental and social impacts that are aligned with the UN’s Sustainable Development Goals.
The Invest in Women Taskforce aims to tackle the vast gender gap in equity finance in the UK. Funding will go towards supporting firms founded by women, or into a specialist ‘Women backing Women’ fund.
The Baku climate change summit produced an agreement by governments to increase spending on climate mitigation and adaptation, but how much of this finance will be used to leverage private sector funding remains to be seen.
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.
The European Impact Investing Consortium report reveals that unlisted impact investments grew by 20% between 2022 to 2023, with institutional investors making up a large part of the funding.
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