M&G makes £35m investment in Oxford Nanopore Technologies

Part of £5bn sustainable private assets mandate

M&G has invested £35m in University of Oxford spin-out Oxford Nanopore Technologies, as part of a private transaction totalling £195m.

The asset manager announced that the investment has been made by its newly-formed 25-strong Catalyst team, which has a mandate to invest up to £5bn into privately-owned innovative enterprises "working to create a more sustainable world". The mandate was awarded in February this year by the £143bn Prudential With-Profits fund, which invests on behalf of Prudential's five million UK customers and includes PruFund. M&G pledges to terminate coal-powered portfolios by 2040 The Catalyst team sits within the private and alternative assets business at M&G. Jack Daniels, chief investment...