Lloyd’s has launched a private impact fund on its investment platform with a £250m initial allocation for sustainability-focused assets.
The fund, will invest globally across private equity, infrastructure, natural capital and real estate targeting the long-term themes of climate mitigation, climate adaptation, circular economy and social inclusion. Schroders Capital is to act as portfolio manager for the fund.
Lloyd’s chief investment officer Eleanor Bucks said: “This is a great example of the impact that insurers can have in addressing climate change and reflects Lloyd’s convening role in leading the Sustainable Markets Initiative Insurance Task Force.
“The design of the fund is itself innovative, being open-ended in nature and categorised as an impact fund.”