Toby Mitchenall
The asset management giant was originally targeting $400m for its first private equity impact fund.
Funds with over 50% women ownership or a woman founder will be eligible to receive 'preferential service terms'.
The listed manager has signed up to the Initiative Climat International.
Even as impact investing becomes big business among asset managers, the data infrastructure on which it is built is still somewhat reliant on the vision and largesse of philanthropic groups.
AllianzGI is rolling out an impact framework as it brings its private markets impact activity together into one dedicated unit.
To date the firm has backed companies in emerging and growth economies across Africa and Asia.
The long-running European Data Cooperative will begin to gather ESG data on annual basis.
Not for the first time, half of the carried interest the SWEN team stands to earn is contingent on achieving targets relating to environmental and social factors.
The European impact debutant – backed by a Belgian brewing family – has made three investments so far, including one this week in data centre energy efficiency company Submer.
The multi-strategy asset manager calculated its own carbon footprint in 2021 and is now working on that of its portfolio companies.