Legal & General Capital, the UK insurer’s alternative investment unit, has allocated up to $100 million to women-led private credit manager ImpactA Global, according to a statement.
ImpactA was founded last year by Victoria Miles and Isabella da Costa Mendes, and focuses on providing debt financing to infrastructure projects in emerging markets.
As well as committing to ImpactA’s funds, Legal & General is a minority shareholder in the emerging manager, one of three GP stake acquisitions it has completed in recent years. The others are Pemberton and NTR Asset Management, according to its website.
“As purpose-driven, impact-led investors, we are pleased to provide funding to our partners ImpactA as they secure opportunities to invest in sustainable infrastructure that offers the potential for positive financial, social and environmental returns,” said Legal & General Capital’s CEO Laura Mason.
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