Azalea IM launches first sustainability fund

Singapore-based private equity manager Azalea Investment Management has launched the Altrium Sustainability Fund I.

The fund is a private equity fund-of-funds product that will invest in ESG opportunities to achieve positive environmental and social outcomes. It is focused on funds with managers that invest in companies that incorporate ESG factors and are committed to investing to create a lasting positive environmental and social impact. The fund will focus primarily on buyout and growth strategies.

The fund is co-seeded by sponsor the Azalea Group together Singlife with Aviva. Each party has committed US$50 million to the fund.

Margaret Lui, CEO of Azalea, said, “Private equity is uniquely positioned to be a force for
good through its long-term investment horizon and innate appetite for value creation. Investing through a sustainability lens not only builds a forward-looking portfolio, it also assures enduringvalue, thus enhancing the likelihood of resilient returns. Through ASF I, investors share ourvision to drive positive impact through collaboration with multi fund managers. We are verypleased to have like-minded investors like Singlife with Aviva join us on this journey.”