Amundi launches private debt ESG fund

Amundi Senior Debt IV fund, ESG, impact investingAmundi has launched a private debt vehicle with €650 million of funding that will target impact investments.

The Amundi Senior Impact Debt IV will invest in private senior corporate debt in mid-cap French and wider European firms that have a “proven pre-Covid-19 performance and resilience”.

An earlier fund, the Amundi Senior Debt III, raised €915 million to invest in private senior corporate debt market. 

The latest fund with a sustainability focus is classified as an Article 8 fund under the EU’s sustainable financing rules, known SFDR. The strategy will focus on impact financing with an incentive for companies to reach their ESG objectives as defined when investing. 

In addition to traditional financial covenants, most financings will have extra financial or impact covenants to define relevant “improvement axes” for each company, such as carbon footprint reduction, job creation, education and training. 

Thierry Vallière, head of private debt at Amundi, said: "We launched the fourth edition of Amundi Senior Impact Debt IV with the same investment philosophy as its predecessors, which proved their merits during the recent health crisis.”

The fund target €1 billion and the minimum investment amount is €3 million.

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