LGT Private Banking launches first impact fund

LGT Private Banking has launched its first impact fund, the Lightrock Evergreen Fund.

The fund has so far raised USD 900 million and is five times oversubscribed. It is advised by Lightrock, an impact investing company headquartered in London.

LGT says the fund gives LGT Private Banking clients the opportunity to invest in private equity of sustainable businesses in Europe, Latin America and India. Examples of invested companies include Infarm, an urban farming business from Germany providing vertical farms, PharmEasy, the largest e-pharmacy company in India, and Creditas, a leading fintech company in Latin America.

H.S.H. Prince Max von und zu Liechtenstein, Chairman LGT: “The strong investor demand for the Lightrock fund underlines the rapidly growing interest in impact investing. I am delighted to see that our clients increasingly care about the kind of businesses that they invest in. And in the context of our global challenges they are right to do so, as we need to invest our capital in those businesses that can help solve our societal and environmental problems and that do not contribute to them. While it has taken some time and effort to establish Lightrock as a leading global impact investment firm, I am convinced that this is just the beginning of a long and exciting journey that will generate strong financial and societal returns for the investors in Lightrock’s funds.”