Private debt asset management firm, Arcmont Asset Management – an investment affiliate of Nuveen – has launched an Impact Lending strategy with €475m in funding from APG and TIAA.
The strategy aims to provide debt financing to companies whose products and services seek to address critical environmental and social challenges across four key themes: climate, health, education and sustainable economic growth.
Developed in collaboration with Bridgespan Social Impact, the strategy is designed to integrate impact assessments throughout the investment lifecycle, paired with due diligence and management processes aligned with the Operating Principles for Impact Management.
To ensure transparency, accountability and integrity in impact measurement, Arcmont will report on outcome impact KPIs for investments, providing investors with insights into the social and environmental outcomes achieved.
The strategy “offers investors an opportunity to achieve financial returns alongside positive measurable environmental and social impact“, Arcmont said.
“Arcmont is a leading responsible investor in the European Private Debt market and one of the first Private Debt firms of its size to launch an Impact Lending strategy,” added Anthony Fobel, CEO of Arcmont Asset Management.
“We are proud to take this step forward with APG and TIAA’s support and we believe that this strategy will provide our investors with a meaningful way to contribute to a sustainable future.”
Menno van den Elsaker, head of alternative credits at APG, said: “At APG, we want to be at the forefront of impact investing. Through this partnership with Arcmont, we can deliver attractive investment returns for our clients ABP, bpfBOUW and PPF APG, while contributing to their ambitious impact objectives. We are excited to further our partnership with Arcmont through our commitment to the Impact Lending strategy.”
