CS & BlackRock launch PE impact fund

Credit Suisse and BlackRock have partnered to launch the Health and Wellbeing Fund, a private equity impact fund.

Credit Suisse says the fund is targeted at the private wealth market for individual investors and will look to address major societal trends including physical health and wellbeing, mental health and development, nutrition and resources, and financial health. The themes are supported by Credit Suisse Supertrends; millennials’ values, anxious societies and the silver economy. They also align with selected United Nations Sustainable Development Goals.

Lydie Hudson, CEO of Sustainability, Research and Investment Products (SRI) at Credit Suisse, commented: “Credit Suisse and BlackRock have shown their mutual commitment to impact investing by providing innovative financial solutions to global societal issues. This joint private market investing program leverages the scale, expertise and strength of both firms to deliver a strong investment experience and outcomes for clients. We are delighted to work with BlackRock, with its proven private equity expertise, to provide clients the opportunity to invest with purpose.”

Mirjam Staub-Bisang, Country Head of BlackRock Switzerland and a Senior Advisor to BlackRock Sustainable Investing (BSI), commented: “BlackRock and Credit Suisse share a fundamental belief that clients can achieve attractive financial return alongside measurable environmental and social impact. BlackRock Private Equity Partners has a long track record of identifying private companies that are delivering innovation and growth in health and wellbeing. This is the first in a series of impact initiatives that we will co-develop with Credit Suisse over the coming years.”