Degroof Petercam, a Belgian financial institution, has joined forces with Swiss asset manager Quadia to strengthen its impact investing offering.
Under the agreement, Degroof has taken a minority equity stake in Quadia. However, financial terms of the deal or size of the stake were not disclosed.
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By GlobalDataDegroof CEO Philippe Masset said: “Through this strategic equity participation, our group positions itself as a leading actor in the area of responsible finance, with a complete offering and at the forefront of Socially Responsible Investing, Impact Investing and Philanthropy.”
The two companies plan to roll out a diversified European closed-ended impact investment fund this year.
Quadia co-founder Guillaume Taylor said: “I am convinced that by combining our forces, expertise and network, we will be able to propose an exceptional Impact Investing offering in Europe. In this way, we will jointly contribute to a new economic paradigm which brings social and environmental solutions to today’s challenges.”