Nuveen has raised the first £150 million for its Global Impact Strategy for institutional investors.

The fund, which is targeting $400 million, will focus on inclusive growth and resource efficiency with a 40-60% allocation to each theme. Six of the United Nations Sustainable Development Goals (SDGs) set out as part of the Paris Agreement will be supported by the Global Impact Strategy: SDG1 (No poverty); SDG 2 (Zero hunger); SDG 3 (Good health and wellbeing); SDG 10 (Reduced inequalities); SDG 12 (Responsible consumption and reduction) and SDG 13 (Climate action).

Nuveen says that a combined focus on both investment performance and advancement on issues relating to the SDGs by the Global Impact strategy was an important motivation for investors, including the Danish pension fund Velliv which committed $50 million in capital.