Weekly Snippet November (31.10. – 06.11.)

Products and Service

Vanguard launches new environmental investment fund

The fund takes a research-driven approach to invest in companies seeking to accelerate the transition to a low-carbon economy. Investments will be made in approximately 25 companies involved in activities including renewable energy, resource efficiency, and electrification. Read more here.

L Catterton establishes impact fund platform

L Catterton announced the establishment of its impact investing platform and the appointment of Tehmina Haider and Michael O’Leary as Partners to lead the strategy. The Impact Fund will partner with the next generation of mission-driven consumer companies. It seeks to deliver both attractive risk-adjusted returns and significant progress against social and environmental challenges. Read more here.

Orchard Street closed £400 million impact fund

The Fund will target value-add real estate investment opportunities with the potential to generate a measurable social and environmental impact. It will focus specifically on decarbonizing existing buildings, investing in local communities and making buildings healthier for those that live and work in them. Read more here.

Greater Manchester Pension Fund (GMPF) invests in homelessness property fund of Resonance

Resonance said GMPF has made a second £10m investment into National Homelessness Property Fund 2 (NHPF2) following the pension fund’s initial seed investment during the fund’s launch in December 2020. The fund aims to acquire additional homes in the Greater Manchester region for people facing the housing crisis. Read more here.

Morgan Stanley Investment Management launches two new ESG funds

With the two new Luxembourg-domiciled funds (MS INVF Calvert Sustainable Climate Transition fund and MS INVF Calvert Sustainable Global Green Bond fund) Morgan Stanley´s funds in Europe brings the total number to eight. The newly launched funds are mainly driven by the firm´s proprietary fundamental research approach as well as the consideration of material ESG factors and direct company engagement. Read more here.

Nuveen launches a new global timberland strategy

The strategy seeks to provide investors with targeted exposure to sustainable timberland investments in core geographies, including the U.S., Chile, Uruguay, Canada, New Zealand, and Australia. Read more here.

Business Development Bank of Canada (BDC) announced new C$400m Climate Tech Fund II

BDC introduced Cleantech Practice’s C$600M Fund I in 2018 to address the lack of risk capital for the commercialization and scale-up of Canada’s cleantech and climate tech industry. With the announcement of the second fund, BDC reaches committed investments in clean-tech and climate-tech of C$1 billion in total. Read more here.

ESG Data and Analytics

Bloomberg Launches Global Aggregate Green, Social, Sustainability Bond Indices

The indices utilize the flagship Bloomberg Global Aggregate Index, the Bloomberg Sustainable Finance Group’s green, social and sustainability bond indicators, and fields that show alignment with the International Capital Market Association Green Bond, Social Bond and Sustainability Bond Principles and Guidelines. Read more here.

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