Redington is getting ready for the impact lending industry to scale up.
The investment consultant is building impact debt portfolios “that we can scale up as the industry scales up and that part of the market gains more traction”, Tricia Ward, Redington’s head of credit said at PEI Media’s Women in Private Markets summit on Wednesday.
“We’ve been working with smaller managers who have been looking at impact in a commercial way over a long period of time,” said Ward. “As investors, we need to be more tolerant and supportive of smaller managers, because it’s not easy for them.”
Redington is a London-headquartered investment consultant for pension funds with £600 billion in assets under advisement, according to the firm’s September 2021 Sustainable Investment Survey.