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.
Turn on TV news market reports, flick to the financial commentary in the business pages, and more often than not those holding forth their views of the sector will be male.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion