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LeapFrog, British International Investment, the Asian Development Bank and multi-family office Premji back Indian mortgage provider Shubham.
The new hire will lead the firm’s investments in the space, including an expansion from the UK to continental Europe later this year.
The group has appointed New York head Nadir Settles as global head of impact investing.
The £22bn pension is meeting its 5% local impact target with low-return venture investments and affordable buy-to-rent homes.
The GTIS Qualified Opportunity Zone Fund I is developing residential and commercial buildings in underinvested US communities.