Retail Employees Superannuation Trust (REST), an Australian superfund with more than A$75 billion (€45 billion; $49 billion) in assets, has begun investing in impact funds.
The fund has made two fund commitments over the last financial year, according to its annual report, and is seeking to reach an impact allocation of one percent across all asset classes by 2026.
The first commitment was to Palisade Impact. The impact platform of Australian manager Palisade Investment Partners, the firm reached a A$400 million first close for its maiden fund last year. It invests in infrastructure and businesses relating to waste-to-energy conversion, resource efficiency and digital connectivity, per the report.
European private equity GP ARCHIMED received the second allocation. A specialist healthcare manager, the firm seeks to scale companies that deliver improvements to human and animal health. The size of the commitments was not disclosed.
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