News
Mirova today announced the final close at €859m of Mirova-Eurofideme 4, its fourth equity investment fund dedicated to clean energy projects. With this closing, Mirova far exceeds its initial objective and closes the largest renewable energy fund dedicated to the European market to date.
Mirova has finalized its acquisition of 100% of Mirova Natural Capital[1] (formerly Althelia Ecosphere). This acceleration reflects the value that Mirova places on natural capital investment. Natural capital is a highly impactful asset class and a key part of Mirova’s current and future goals.
After integrating the issue of gender equality into its line of investment solutions, Mirova, an affiliate of Natixis Investment Managers, leads an investor coalition to support the Women’s Empowerment Principles and achieve Gender Equality. This statement, co-signed by 66 investors, representing more than 4 trillion euros in asset under management has received the support of UN Women and the UN Global Compact.
Dedicated to financing projects aimed at restoring degraded lands, Mirova’s Land Degradation Neutrality (LDN) Fund1 continues its development. Since its first closing2, the Fund has convinced new leading European institutional investors, bringing its total amount of commitments to more than $150 million. At the same time, the Fund and the LDN Technical Assistance Facility3 support new field projects in Africa and Asia.
A pioneer in impact investing, Mirova is pleased to announce that it will be launching a new thematic equity fund which will focus on companies that are committed to promoting gender equality and increasing women’s representation in top-level management.
Operational since its first closing at the end of 2018, the LDN Fund has finalised its first transaction, investing in Urapi Sustainable Land Use (Urapi), a programme focused on restoring degraded land and promoting sustainable land management in Latin America, conceived by the project developer ECOTIERRA. The Fund’s Strategic Board also held its first meeting on the 15th of January.
Mirova is targeting 20 billion assets under management over the next five years by continuing to focus on innovation, to strengthen its offer to institutional clients and the retail sector, and by exploring new areas of impact
Mirova, the leading asset manager dedicated to sustainability investing and affiliate of Natixis Investment Managers, held 250M€ first close for Mirova Eurofideme 4 in late October.
