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In brief: New ESG fund launched by M&G

The Swedish government employees’ retirement fund, Kåpan Pensioner, is among the backers.

M&G has launched a new strategy (press release) that aims to give investors exposure to private credit’s best-in-class companies from an ESG perspective and with an emphasis on sustainability.

The M&G Sustainable Loan Fund, managed by Fiona Hagdrup and Thomas Lane, will make loans to companies demonstrating strong ESG credentials. The fund has launched with a €175 million investment from the Prudential With-Profits Fund series, including the recently launched PruFund Planet vehicle, and the Swedish government employees’ retirement fund, Kåpan Pensioner, which is making an initial €26 million commitment.