AXA Investment Managers (AXA IM) is to expand its suite of impact investment portfolios by launching a private market strategy focusing on opportunities that address the basic needs of emerging consumers across regions including Latin America, South and South East Asia, and Sub-Saharan Africa.
The new strategy, which is seeking to raise between $300-$400m will invest in private companies focusing on creating intentional impact outcomes across scalable impact themes such as access to healthcare and financial inclusion.
In addition, the strategy will aim to provide a private markets solution catering for a wide investor base across insurance companies, institutions, family offices, wealth managers and pension funds seeking to invest in impact related initiatives.
AXA IM head of impact investing Jonathan Dean said: “Our mission is to identify those companies who can empower underserved and low-income beneficiaries in emerging and frontier economies and meet the basic needs of the emerging consumer.”
The impact investing team is responsible for around $600m of assets under management as of the end of August 2019.