Money manager takes control of impact investor responsAbility

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International asset management firm M&G Plc is acquiring a majority stake in Zurich-based impact investor responsAbility with a view to eventually acquiring the whole company. The London-headquartered money manager is buying a 90% stake in the impact investment firm initially, for an undisclosed amount of money. The deal reflects M&G’s strategy to expand its sustainable investment capabilities as well as grow both its international footprint and its private asset origination capabilities.

responsAbility will continue to operate under its own names and through its own offices around the world once the acquisition closes. The firm which currently manages approximately $3.7 billion in assets, has invested over $11 billion since it started operations in 2001 in both private debt and private equity-related deals in emerging markets. The firm’s investment strategy follows three distinct themes, namely financial inclusion, climate finance, and sustainable food, all of which deliver on some of the United Nations Sustainable Goals.

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