Zurich-based responsAbility, an emerging market impact investor, owned by M&G Investments, has been awarded a €200 million mandate from a German family office.
Stella Vermögensverwaltungs, the investment entity of the Heinz Hermann Thiele Family Foundation and Julia Thiele-Schürhoff.
The mandate will focus on growth-stage companies based in emerging markets in Africa, Asia and Latin America that advance UN Sustainable Development Goals.
A large part of the portfolio is dedicated to growth equity impact investments in emerging markets,
The investments will aim to “help protect livelihoods and reinforce social outcomes by improving living standards”, according to a statement.
responsAbility, which has around $5.8 billion in assets under management, was founded in 2003 and was acquired by M&G in 2022.
“It reflects our belief that dedicated emerging market investments can generate strong financial returns while delivering meaningful impact for people and the planet,” said Stephanie Bilo, chief client and investment solutions, responsibility.
