In brief: L&G backs emerging infra debt firm

ImpactA Global was established last year to make SDG-aligned investments into emerging markets infrastructure.

Legal & General Capital, the alternative investment unit of the UK-based financial services giant, has bought a minority stake in ImpactA Global, a recently formed emerging markets-focused infrastructure manager.

“This new partnership forms part of Legal & General Capital’s established mandate to take strategic minority GP stakes in managers of alternative assets, a model which we have successfully employed in other sectors, notably European credit through our investment in Pemberton and European sustainable energy through our partnership with NTR,” said Legal & General Capital’s CEO Laura Mason in a press release.

ImpactA is a women-led infrastructure debt firm founded last year to invest in the Global South. “ImpactA will have specific SDG targets, with a thorough and extensive impact measurement process, which will use a proprietary scorecard methodolody,” according to the press release.