Robeco launches second "responsible" fund-of-funds

Fund manager Robeco, a unit of Rabobank, has launched its second "responsible" private equity fund-of-funds with a EUR250m target.

The vehicle will invest in 20-30 private equity funds willing to sign up to the firm's investment principles, which it says are aligned with the United Nations principles for responsible investment. As a cornerstone investor for the fund, Robeco will commit up to 15% (or EUR35m) of the target figure.

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