Legal & General commits up to $100 million to ImpactA Global
Summary
Within these regions, ImpactA identifies projects in sectors that achieve their impact goals alongside delivering commercially attractive financial returns.ImpactA, whose partners are Isabella da Costa Mendes, Victoria Miles, Susan Ward and Audrey CaulliezLouis, seeks to bridge funding gaps in transformational infrastructure projects in several sectors, primarily renewable energy and sustainable mobility, health, water and sanitation. ImpactA launched in March 2023, following the announcement that Legal & General Capital had taken a significant minority stake in the firm. Legal & Generals 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.We are grateful for Legal & Generals continued support and are excited to move forward in a market that offers tremendous growth potential over the coming years.We are encouraged by the growing recognition of the importance of mobilising institutional finance for sustainable investments into emerging markets. Through this new landmark commitment, Legal & General demonstrates that it is fully aligned with our vision to promote institutional financing of sustainable infrastructure assets in emerging markets. We are fortunate to have a strategic partner that recognises the scale of the investment opportunity and is focused on the pressing challenges presented by climate change.Socially oriented investing, 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 local, national or international level, while delivering superior risk-adjusted returns.As purpose-driven, impact-led investors, we are pleased to provide funding to our partners ImpactA as they secure opportunities to invest in sustainable infrastructure that offers the potential for positive financial, social and environmental returns.Further details can be found here: https://www.impactaglobal.com/