M&G has committed £200 million (€244 million; $230 million) to two new funds from Switzerland-based impact firm responsAbility. The two funds aim to “improve the production and availability of healthy food” and will be invested in Asia and Latin America.
M&G acquired responsAbility, a long-time impact investor in emerging markets private debt, earlier this year. Through the acquisition, the UK-headquartered asset manager bought new reach in emerging markets and boosted its impact credentials.
M&G did not disclose details of the two new funds in its press release. Rochus Mommartz, chief executive officer of responsAbility described them as “aiming to generate above benchmark financial returns alongside creating tangible impact”.