M&G buys 'pioneering' Swiss impact manager responsAbility

Focus on SDGs

M&G has acquired a majority stake in impact investors responsAbility Investments as part of a wider plan to grow its sustainable investment capabilities.

Headquartered in Zurich, responsAbility is said to be a pioneer in the impact space, having invested over $11bn in private assets across emerging markets since 2003, when it was founded. Recently the firm, which has around $3.7bn in assts under management, has focused on investing in companies that have their business models "tied to" the UN's Sustainable Development Goals. M&G has agreed to acquire approximately 90% of the issued share capital of responsAbility, and said it expects to acquire the remaining 10% in due course. It will not be disclosing the cost of the transaction. M...