Impact investing on the rise in France
Some 15 French asset managers are currently managing €1.26bn in impact investment funds, local venture-capital investment association Afic has reported.
Investments in the asset class by these managers have been multiplied by more than five over a five-year period, Afic said.
A total of 399 companies, of which 53% are based outside Paris, currently benefit from these impact investing investments that target both financial outperformance and positive social impact.
Afic’s chairman Mathieu Cornieti said impact investing sparks strong interest among French institutional investors and that assets under management exceeding €1bn in impact investing funds demonstrates it has become a real asset class in France.