ImpactA Global, a women-led emerging markets infrastructure debt investor, has raised over $200m for its fund which invests in critical infrastructure.

L&G, who has committed up to $100m to the firm, is joined by new commitments from UK government programme, MOBILIST; the private sector arm of the Inter-American Development Bank Group, IDB Invest; and other private investors.

The funds will be deployed to provide financing for sustainable infrastructure in EMs, with a focus on addressing climate challenges and reducing social inequalities in the following sectors: clean and renewable energy, sustainable mobility, health, water, and sanitation.

Isabella da Costa Mendes, Co-Founder and Co-CEO, ImpactA Global, said, “We are thrilled with the support and collaboration, from both public and private institutions for this important initiative. Through such collaborations, we are providing global investors the confidence to diversify their allocations. We are hugely motivated to address this market gap and demonstrate the quality of outcomes from investing into Emerging Markets.”

Hannah Gore-Randall, Managing Director of Alternative Finance, Asset Management, L&G, said, “Channelling capital into private debt financing for Emerging Markets is crucial to closing the $4 trillion annual funding gap and achieve the UN Sustainable Development Goals. We believe this investment shortfall also offers investors the opportunity to benefit from the potential for strong returns and diversification to their portfolios that exposure to EMs can provide. Our early support of ImpactA Global and provision of catalytic capital is one example of how we aim to achieve our dual goals of delivering commercial returns alongside positive social and environmental outcomes.”

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