PRIVATE AREA Back Arcano raises 170 million in its social and environmental impact fund 15 Jan 2021 CATEGORIES: News arcano@arcanopartners.com Arcano Asset Management, the asset management arm of Arcano, today announced the first closing of the Arcano Impact Private Equity Fund (AIPEF), with capital commitments of €170 million. This first closing was attended by both private banking and institutional investors. Fundraising to date has been 100% virtual, demonstrating that COVID-19 has only intensified investor interest in many of the mega trends and products on which Arcano is focused. The vehicle is designed to generate positive impact through investments in social or environmental impact private equity funds with a very attractive risk-return-impact trinomial. The objective is to make investments in funds mainly focused on the US and Europe, through the primary market, as well as secondary transactions and direct co-investments in companies. It is also one of the first funds of its kind globally. AIPEF aims to reach a total size of 300 million euros and generate a net multiple of 1.8-2.0 times invested capital and a net IRR of 10-12%. The firm continues to consolidate its commitment to responsible investment, with the aim of responding to the growing sensitivity of investors, consumers and governments to social and environmental issues, while maintaining the attractive returns provided by private equity. The focus of the investment is on companies that contribute to the achievement of the Sustainable Development Goals (SDGs), among which the entity highlights goals such as the ecological transition, the promotion of health and wellbeing, sustainable agriculture and quality education. Since its launch, three investments have been completed including a buyout fund focused on Northern Europe, a fund focused on the healthcare sector and a green transition fund. AIPEF consolidates Arcano AM's portfolio of vehicles with a clear sustainable focus and committed to ESG criteria. Arcano recently announced the final closure of Arcano Earth Fund, a fund that invests in sustainable infrastructure projects related to energy transition, water, digital infrastructure and sustainable transport. Since 2009, Arcano Partners has been a signatory to the Principles for Responsible Investment (PRI). It has obtained the highest rating for responsible investment in the United Nations Principles for Responsible Investment (UN PRI) Assessment Report 2020, achieving an A+ rating in all investment strategies examined: Private Equity, Infrastructure, Fixed Income and Real Estate, as well as in the Strategy and Governance module. In addition, in September 2020, Arcano was a pioneer by being the first Spanish fund manager to sign the Operating Principles for Impact Management, which aims to become a reference framework for impact investors in the design and implementation of their impact management systems at all stages of their investment process. José Luis del Río, Partner and Co-CEO of Arcano AM, said: "We are very pleased to be able to announce this first closing. The interest in this vehicle supports our strategy of focusing on investments committed to sustainable and socially responsible criteria with attractive returns for our clients. We are confirming once again that there is a growing interest in assets of this type, in which ESG criteria are integrated throughout the investment process. Ricardo Miró-Quesada, Partner in charge of Private Equity & Impact at Arcano Capital, said: "AIPEF is a natural extension of our Private Equity activity. At Arcano, we have been committed to responsible investment for more than a decade and PRIs are present in all our investment strategies. This allows us to develop products such as AIPEF which, thanks to the extensive experience of our team, combines the social and environmental concerns of our clients with the generation of attractive and sustainable returns through impact investing. WHAT WE DO Asset Management Investment Banking Latest News Últimas noticias ABOUT ARCANO Who we are Responsability Work with us Contact CORPORATE GOVERNANCE Privacy policy Cookie policy OTROS PRODUCTOS Arcano Partners Fund Arcano Partners Fund Análisis de Crédito © 2021 ARCANO PARTNERS - All rights reserved Aviso Cookies Utilizamos cookies para ayudar a mejorar este sitio web y nuestros servicios. Puede conocer más sobre nuestro uso de cookies en nuestra Política de Cookies.. Puedes aceptar todas las cookies pulsando el botón "Aceptar Cookies" o configurarlas en Modificar configuración Aceptar cookies