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US hedge fund head quits to launch impact fund
25 June 2020Jeff Ubben has left $16 billion hedge fund manager ValueAct to set up an environmental and social impact fund.
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KKR-backed platform makes water acquisition
24 June 2020A 'platform' of water cleaning companies established by private equity giant KKR and XPV Water Partners has bought a manufacturer of diffused aeration systems, and said it plans further acquisitions.
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Social bond growth outstrips green bonds - S&P
23 June 2020Social bonds will grow faster than green bonds this year, as issuers deploy the model to help finance coronavirus pandemic response measures, according to S&P Global Ratings.
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Rockefeller Foundation considering racial equity screening of grants
22 June 2020The Rockefeller Foundation is examining ways it can introduce an "equity screen" on the grants it provides to help grow businesses that have a positive social or environmental impact.
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US 'Opportunity Zones' not living up to impact goals, study says
18 June 2020The US government's Opportunity Zones economic development scheme is failing the deprived communities it was built to serve - and especially those in majority-black neighbourhoods, a report claims.
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UNDP reveals 'standards' for SDG bond issuers, private equity
17 June 2020The UN Development Programme (UNDP) has published draft 'standards' to help private equity fund managers and bond issuers finance the UN Sustainable Development Goals (SDGs).
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L&G to invest £100m in UK affordable housing provider
17 June 2020Legal & General Investment Managers Real Assets has invested £100 million ($126 million) in Bromford Housing Group, an affordable homes provider in central and south west England.
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Insurer Skandia buys novel bond to fund diabetes prevention
17 June 2020Swedish insurer Skandia has bought a SEK30 million ($3.2 million) 'health impact' bond from Region Stockholm, the local authority of the Swedish capital.
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PRI issues guidance ahead of mandatory SDG reporting
16 June 2020The Principles for Responsible Investment (PRI) has published guidance on how investors can "shape the real-world outcomes" of their investments by using the Sustainable Development Goals (SDGs), as it prepares to introduce mandatory outcomes-based reporting from next year.
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Private wealth managers want better impact products, says Tribe
15 June 2020Many private wealth managers are keen to invest for positive impact but are often constrained by a lack of quality products and the absence of incentivisation structures, according to Tribe Impact Capital.