BNP Paribas launches Ecosystem Restoration fund

Improving biodiversity at heart of new product's ethos

BNP Paribas Asset Management (BNPP AM) has launched an Ecosystem Restoration fund, which invests in companies proactively trying to improve biodiversity and restore oceans, lands and communities to avoid significant economic loss.

The Luxembourg-domiciled SICAV, which will be seeded with an initial €100m, comes almost exactly ten years after the firm launched its Energy Transition fund, which was seeded with the same amount of capital and has already reached €3.1bn in assets under management. "These products can grow very quickly," co-manager of both funds Ulrik Fugmann told Investment Week. "Investors really understand the potential returns that one can get by supporting companies that are at the forefront of making urgently-needed changes - in this instance, restoring our ecosystems. "We are going to see a...