UK-based fund manager Schroders has concluded the purchase of a majority holding in Swiss impact investment management firm BlueOrchard.
BlueOrchard, which was established in 2001, covers a range of asset classes such as private equity, private and public debt, as well as sustainable infrastructure.
It serves both emerging and frontier markets. The business had nearly $3.5bn in assets under management at the end of May 2019.
BlueOrchard CEO Patrick Scheurle said: “Impact investing is about merging the best of two worlds; achieving attractive investment returns but also achieving a social or environmental goal such as tackling climate change or reducing poverty.
“Schroders has a long-term and strong commitment to sustainability and we are confident that this partnership will further enable BlueOrchard to bring impact investing into the mainstream market.”
The deal was announced this July. At that time, Schroders said that it will absorb BlueOrchard’s management team and also retain the impact investor’s strategies.
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By GlobalDataThe transaction value was not disclosed.
Schroders global head of private assets Georg Wunderlin said: “This partnership demonstrates our commitment to the increasingly important sustainability and broader impact investing space.
“BlueOrchard is a pioneer in impact investing in emerging markets and operates a range of capabilities across microfinance, private equity and infrastructure investments.”
The completion of the BlueOrchard deal comes close on the heels of Schroders’ sale of its entire 41% interest in investment manager RWC Partners.