Lloyd’s launches Private Impact Fund
Lloyd’s has launched the Lloyd’s Private Impact Fund, investing across private equity, infrastructure, natural capital and real estate in the long-term themes of climate mitigation, adaptation, circular economy and social inclusion. Portfolio manager Schroders Capital will manage the fund, which is the first to be launched on the Lloyd’s Investment Platform.
Lloyd’s has launched the Lloyd’s Private Impact Fund, investing across private equity, infrastructure, natural capital and real estate in the long-term themes of climate mitigation, adaptation, circular economy and social inclusion. Portfolio manager Schroders Capital will manage the fund, which is the first to be launched on the Lloyd’s Investment Platform.
The platform was set up to enable Lloyd’s investors to generate attractive risk-adjusted returns on capital and access a broader range of investment opportunities, including private assets. Last year, Lloyd’s announced a partnership with Schroders Solutions, a part of the Schroders Group, to support the launch of the platform. The Lloyd’s market has around £95bn ($125bn) of globally-invested assets. Schroders manages £122bn of global assets for insurance firms.
John Neal, CEO, Lloyd’s: “Lloyd’s has committed to be the insurer of the transition to net zero, providing both the capital and the capability to enable industries and economies to build a sustainable future.”
“The insurance industry has a critical role to play insuring the risks associated with transition, and providing the investment to accelerate progress – which is why we were pleased to announce a £250 million initial investment into an sustainability-focused Private Impact Fund this week.”
Ajeet Manjrekar, Head of UK Client Solutions, Schroders Solutions: “We are very proud to be partnering with Lloyd’s on the launch of this innovative solution, which draws on the advisory expertise of our Schroders Solutions team and the private markets capabilities of Schroders Capital.”
“In doing so, this Fund provides a single access point to a diversified multi-private asset portfolio covering private equity, infrastructure, real estate and natural capital. Each investment will be aligned to one of seven UN Sustainable Development Goals providing measurable social and/or environmental impact, alongside a financial return.”
“This will be underpinned by Key Performance Indicators to measure and demonstrate effective progress and alignment to Article 9 Principles under Sustainable Finance Disclosures Regulation (SFDR).”
