Mapfre Asset Management is launching a private debt fund with incorporated ESG criteria.

Mapfre says the new fund’s ultimate aim is to have exposure via 15 large fund managers, mainly in European investments and in euros. The management team will carry out due diligence of the funds to be invested in and will take criteria such as fund size, the experience of the management team, the time it has been working together, and the track record of previous investments into account. Priority will be given to ESG criteria.

“ESG policies are being implemented in illiquid markets at a quicker rate than in liquid markets. We appreciate how they require the companies they finance to incorporate these commitments, which we can see in the covenants or in the spreads they’re paying in financing, among other factors,” adds Javier Lendines, General Manager of MAPFRE AM.

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