Legal & General Capital has committed up to $100 million to women-led impact investment advisory firm ImpactA Global.
L&G says the investment will be directed to debt financing for sustainable infrastructure in emerging markets, with a focus on addressing climate challenges and reducing inequalities. ImpactA focuses on investments into emerging market economies—notably Latin America, the Caribbean, Africa and South Asia and specialises in infrastructure projects in renewable energy and sustainable mobility, health, water and sanitation.
ImpactA launched in March 2023, following the announcement that Legal & General Capital had taken a significant minority stake in the firm.
Isabella da Costa Mendes, Founding Partner and co-CEO at ImpactA Global says, “We are encouraged by the growing recognition of the importance of mobilising institutional finance for sustainable investments into emerging markets. Through this new landmark commitment, Legal & General demonstrates that it is fully aligned with our vision to promote institutional financing of sustainable infrastructure assets in emerging markets. We are fortunate to have a strategic partner that recognises the scale of the investment opportunity and is focused on the pressing challenges presented by climate change.”