Private markets impact fund achieves initial €50m funding through Columbia Threadneedle's announcement
Castle Mount Impact Partners Raises €50 Million for Sustainable Investments
Castle Mount Impact Partners, a private markets impact fund launched by Columbia Threadneedle in 2021, has successfully secured over €50 million in its first close from a range of institutional, wholesale, and high-net-worth investors primarily from the UK and Canada [1][2]. The fund aims to reach a final close of €200 million, focusing on companies generating over 90% of their revenues from sectors aligned with the UN Sustainable Development Goals (SDGs) [2].
The fund's investment strategy is centered around high-growth companies whose products and services deliver human and planetary needs. It targets a 20% net internal rate of return (IRR) and plans to build a portfolio of 15 to 20 lower mid-market companies [2].
The fund's initial investment was made in Kee Safety, a fall protection and industrial safety firm that aims to reduce workplace injuries, demonstrating its commitment to health and safety aligned with the SDGs [2]. The fund's target sectors for investment include environmental sustainability, health and wellbeing, and equality and inclusion.
Castle Mount Impact Partners believes that portfolio companies should benefit from global megatrends such as the energy transition, resource scarcity, ageing populations, digitalisation, and AI [2]. These investments are expected to benefit from strong non-cyclical demand.
By combining financial impact with measurable contributions towards the broad SDG framework, Castle Mount Impact Partners is positioning itself as a leader in sustainable and socially responsible investing. The fund's success in its first close is a testament to the growing interest in impact investing and the belief that financial returns can be achieved while making a positive impact on the world.
[1] Castle Threadneedle. (2022). Castle Mount Impact Partners announces successful first close. Retrieved from https://www.columbiathreadneedle.com/uk/en/news-and-insights/press-releases/2022/castlemount-impact-partners-announces-successful-first-close.html
[2] Impact Investor. (2022). Castle Mount Impact Partners. Retrieved from https://impactinvestor.eu/impact-investors/castle-mount-impact-partners
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