Deutsche Bank recently launched a UK-based £10m social investment fund.
The bank’s Impact Investment Fund will operate as a fund of funds working with portfolio managers to channel investment into sustainable social businesses over the next three years, aiming to generate a return over the next 10 years.
The aim of the vehicle is to develop businesses – in early-stage growth industries such as long-term care, preventative health treatments and rehabilitative skills and training – with the potential to grow profitably while providing local communities with social benefits such as employment, education and training.
The fund will be managed in Deutsche Bank’s Private Equity group.
FinSMEs
16/11/2011