Mirova has announced the launch of their new social impact fund, Impact Life Essentials 1.

Mirova says the fund aims to support the growth of unlisted European companies that contribute to the transition towards a better society. The fund aims to raise €200 million from institutional and individual investors in Europe and will be run by Senior Investment Director Judith-Laure Mamou-Mani.

The fund will focus on four investment themes: Knowledge & skills; well-being & health; mindful consumption and diversity & inclusion. It will be classified under Article 9 within the European SFDR regulation framework.

Head of Impact Private Equity at Mirova, Marc Romano said, “We are proud to announce the project launch of this new strategy, which will enable institutional and retail investors to have a tangible social and societal impact by contributing to the growth of companies committed to basic needs. Convinced that companies developing innovative technological solutions are those with the greatest scope for growth, we are offering our clients the opportunity to combine a positive societal impact with attractive potential returns”.

END