Legal & General Capital commits $100 million to ImpactA Global for sustainable infrastructure

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Legal & General Capital commits $100 million to ImpactA Global for sustainable infrastructure
Credit: © Reuters.

Legal & General (LON: LGEN ) Capital ("Legal & General") has pledged up to $100 million to ImpactA Global, a women-led impact investment advisory firm. The commitment will be directed toward debt financing for sustainable infrastructure in emerging markets, emphasizing on addressing climate challenges and reducing inequalities.

ImpactA Global, led by partners Isabella da Costa Mendes, Victoria Miles, Susan Ward, and Audrey Caulliez-Louis, targets investments into emerging economies. These include regions such as Latin America, the Caribbean, Africa, and South Asia. Within these territories, the firm identifies projects that not only meet their impact goals but also offer commercially attractive financial returns.

The firm's focus sectors include renewable energy, sustainable mobility, health, water, and sanitation. By investing in these areas, ImpactA aims to bridge funding gaps in transformational infrastructure projects. Legal & General's recent commitment underscores its support for ImpactA's investment strategy.

ImpactA Global launched in March 2023 after Legal & General acquired a significant minority stake in the company. Today's announcement is a continuation of Legal & General's commitment to the investment advisory firm.

This investment in ImpactA is part of Legal & General's broader program of GP stake acquisitions. This initiative also includes investments in alternative asset managers such as Pemberton and NTR Asset Management.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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