The OP Finnfund Global Impact Fund I has reached a first close of €76 million. As the first Finnish impact fund to invest in emerging markets, the fund targets significant sustainability impacts in addition to profits.

Investors in the fund include Finland’s Church Pension Fund, Security Trading Oy, Oy Julius Tallberg AB, the Finnish Industrial Union, the Finnish Municipal Foundation, the Finnish Red Cross, OP Life Assurance Company Ltd and Finnfund. The fund’s target size is...