Asset manager of the year - mid-size: Kempen's Global Impact Pool (GIP)
Kempen's UN Sustainable Development Goals (SDGs) focused fund, Global Impact Pool (GIP), grew its assets under management to €117.85 million ($140 million), as of June this year.
The fund, founded in 2018, is focused around four themes: basic needs and well-being, small and medium-sized enterprises (SME) growth and decent work, climate & energy and circular economy. These themes are in turn targeted around five SDGs (SDG 3: good health, SDG 6: clean water and sanitation, SDG 7: affordable and clean energy, SDG 8: decent work and economic growth and SDG 12: responsible consumption and production) across both emerging and developed markets.
As a multi-asset fund, the GIP identifies investment managers that have developed scalable solutions for these problems. One such fund it invested in this year was the Ecosystem Integrity Fund (EIF 4), which targets the circular economy and is aligned with SDGs 7 and 12.
"We are very pleased to have won this award. This award is a testament to the team's innovative and proactive approach to achieving the Global Impact Pool's mission of making investments that have a real impact and contribute positively to solving global problems," said Narina Mnatsakanian, executive director of impact and sustainable investment at Kempen GIP.
Projects that are funded by GIP have seen healthcare provided to 342,203 underserved people in East Africa and South East Asia in the last year. In addition, the fund's solar and wind projects saw 32,816m3 in estimated water savings over the same period.