Mirova has launched a strategy to support the growth of unlisted European companies that contribute to the “transition towards a better society”.
The fund, Mirova Impact Life Essentials, aims to raise €200 million from institutional and individual investors in Europe and will be spearheaded by Judith-Laure Mamou-Mani, senior investment director.
According to the subsidiary of Natixis Investment Managers dedicated to sustainable finance, the strategy plans to back European companies tackling issues like climate change, ageing populations, tech advancements, and inequalities for a holistic, fair transition.
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The strategy will use a proven business model to target positive societal impact across four investment themes: knowledge & skills, well-being & health, mindful consumption and diversity & inclusion. These encompass initiatives such as inclusive education, accessible care, sustainable consumption, and empowerment.
Marc Romano, head of impact private equity funds, Mirova, commented: “Convinced that companies developing innovative technological solutions are those with the greatest scope for growth, we are offering our clients the opportunity to combine a positive societal impact with attractive potential returns”.
According to the investment manager, the strategy adopts an opportunistic approach, taking minority or majority stakes during its capital deployment, aiming to offer attractive long-term returns and risk diversification across sectors while supporting society’s ecological and social transition.
Additionally, the strategy will be classified under Article 9 within the European Sustainable Finance Disclosure Regulation framework, aligning with its commitment to sustainability across all strategies.
