Charles Avery
The asset manager is seeking to turn Western European assets into sustainable office space, and has already made its first investment from the fund.
The new office will serve as a hub for the sustainable infrastructure manager's European activity, according to a press release.
The strategy has a strong energy transition theme which has helped it attract commitments from wealth investors, says infrastructure co-head Tavis Cannell.
The package will be used to make upgrades across the 8,600-unit portfolio and includes a €40m green loan.
The Brussels-based impact investor is the latest fund manager to get the stamp of approval from US non-profit B Labs.
Fund managers are increasingly focusing on what a portfolio company does, as well as how it does it, in a bid to be sustainable in the long term, according to Carlyle's head of impact.
This year's GIIN forum showcased just how varied participants in the impact market are. That's no bad thing.
The fund, called Generations Powered by EDHEC, will invest in 'socially and environmentally responsible start-ups'.
Legal & General Affordable homes has amassed a portfolio of 5,781 houses since its launch in 2018.
PAI Partners presents a guide to help firms act on biodiversity at its sustainability summit, as the asset class takes shape.