
PG Impact Investments holds $210m final close
PG Impact Investments, an independent impact investor with strong links to Partners Group, has held a final close for its debut fund on $210m against a $150m target.
Partners Group founders and employees and PG Impact Investments employees made a combined commitment of $65m to the vehicle.
Although the firm is independent it has access to Partners Group’s infrastructure, expertise and resources.
All profits from the business activities of the management company, PG Impact Investments, are transferred to the PG Impact Investments Foundation. The foundation supports social initiatives and social businesses ventures that otherwise would not receive funding.
The vehicle’s strategy is to invest in improving the lives of people who are underserved while also generating attractive financial returns.
Investors
In addition to the Partners Group and PG Impact Investments commitments, the fund saw strong demand from external LPs, according to a statement.
Investments
The vehicle has made 19 investments so far. It has a global investment remit and will target a range of social impact sectors including financial inclusion, affordable housing, energy access, agriculture and food, health, and education.
People
PG Impact Investments - Urs Wietilsbach (chair).
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