M&G Launches €300m Impact-Focused Private Debt Strategy
M&G Investments has launched a new impact-focused private debt strategy, with a €300m commitment from Pensioenfonds KPN. This comes amidst growing demand for such funds in Europe. Aegon Asset Management selected M&G for this mandate.
The strategy, initiated in collaboration with external environmental and social experts, focuses on supporting businesses generating positive environmental and social outcomes. It aims to provide corporate loans to companies leading in areas like clean tech and responsible production. The fund, classified as SFDR Article 9, has already completed 12 investments, including a commitment to Bollegraaf Group, a Dutch firm specialising in advanced recycling technologies. All investments must meet a minimum set of sustainable criteria, with a focus on European private corporate loans. The fund receives patient capital from long-term institutional investors.
M&G's new impact-focused private debt strategy, backed by Pensioenfonds KPN, is set to support companies driving positive environmental and social change. With 12 investments already completed, the fund is well on its way to making a significant impact in Europe's private debt market.
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