ResponsAbility Investments to manage €200m mandate
The bespoke mandate will invest over the long term in growth-oriented companies in Africa, Asia and Latin America.
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Stella Vermögensverwaltungs, the investment entity of the Heinz Hermann Thiele Family Foundation and Julia Thiele-Schürhoff, has appointed Swiss impact asset manager ResponsAbility Investments to manage a €200 million mandate for impact-focused private equity fund investments in emerging markets.
The bespoke mandate will invest over the long term in growth-oriented companies in Africa, Asia and Latin America that contribute to the UN Sustainable Development Goals. Capital will be deployed in regions where the opportunity to create impact is greatest and where private sector capital can help close critical funding gaps.
The strategy targets a triple bottom line of profit, people and planet. The fund aims to improve living standards by backing companies that support formal, good-quality jobs and that provide essential goods and basic services. Additionally, there is an objective to support environmentally sustainable business models.
Julia Thiele-Schürhoff said: “As an entrepreneurial family, we are committed to managing our wealth responsibly and with a long-term perspective. By focusing on emerging markets and the UN Sustainable Development Goals, this mandate allows us to deploy a meaningful share of our assets to where the need for impact investments is greatest. With ResponsAbility, we have an experienced partner who shares our values and can help turn this vision into reality.”
Ralph Keitel, head of fund investments at ResponsAbility, commented: “Our track record and long-standing experience show how disciplined fund investment programmes in emerging markets can deliver resilient financial returns and tangible impact. We welcome the private capital from an entrepreneurial family to support entrepreneurs in emerging markets.”
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