Heritas Capital, a Singaporean “purpose and impact” focused private equity firm, has launched a pan-Asian impact fund targeting $50 million.
The Asia Impact First Fund will provide “patient, catalytic capital” to between 10 and 15 growth companies creating positive social or environmental impact. Heritas expects to announce a first close by the end of 2022.
This is the latest vehicle in Heritas’s “multi-fund impact investment platform”, according to a statement from the firm. In 2021, the firm launched Heritas Growth Fund III, with a $150 million target, and Venture Fund II, targeting $30 million.