Legal & General commits $100m to women-led sustainable infrastructure firm

Legal & General Capital has announced funding worth $100 million to a women-led firm for sustainable infrastructure in emerging markets focusing on climate and equality challenges.

The investment advisory firm ImpactA Global was founded by partners Isabella da Costa Mendes, Victoria Miles, Susan Waard and Audrey Caulliez-Louis in March 2023 after Legal & General acquired a significant minority stake in the company.

The firm funds transformational infrastructure projects in sectors like renewable energy, sustainable mobility, health and water and sanitation, mainly across Latin America, the Caribbean, Africa and South Asia.

Miles, who is also co-CEO and CIO at ImpactA Global, said: “Legal & General’s commitment demonstrates growing investor appetite to target those markets that are often underserved by traditional players, specifically the opportunity to provide debt financing for sustainable infrastructure in our focus markets.”

Mendes,co-CEO at ImpactA Global, added: “We are encouraged by the growing recognition of the importance of mobilising institutional finance for sustainable investments in emerging markets.”

Laura Mason, CEO at Legal & General Capital, commented: “Socially oriented investing and choosing the right type of capital to meet the social need can directly address some of the most pressing demands of our time, whether at the local, national or international level while delivering superior risk-adjusted returns.”  

This funding is the asset management firm’s latest in a GP stake acquisition programme, including their investments in alternative asset managers Pemberton and NTR Asset Management.

© 2023 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Through AI and ML and cloud-enabled ecosystems, managers are finding ways to cut operating costs, supercharge the customer experience and add value to the bottom line.
FIND OUT MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST