impact investing

Impax Asset Management's Rhiann Gray shares thoughts on fundraising, benchmarking and the importance of distinguishing between ESG and impact.

Legal & General Affordable homes has amassed a portfolio of 5,781 houses since its launch in 2018.

With $23bn raised by new climate funds so far in 2023, the largest increase in the number of funds has been in smaller vehicles under $50m.

Longer-hold funds and new strategies are taking longer to fundraise, says head of business development Gustav Segerberg.

The vehicle will allow retail investors to access climate venture capital funds with commitments starting at €25,000.

The impact investing firm raised €900m for its debut fund in 2021.

Brandon Zeigler, an impact director at Global Endowment Management and speaker at the Impact Investor Summit in New York at the end of this month, says institutions face a number of challenges when investing in impact.

Overwhelmed with fund pitches, asset owners investing for impact are looking for intentionality to narrow down their opportunities.

Some fund managers are taking a 'watch-and-wait' approach, while others see potential for generative AI to deepen the need for impact investing to address energy demand and equity.

Legal & General Capital acquired a minority stake in ImpactA Global, which makes SDG-aligned investments into emerging markets infrastructure, earlier this year.