LONDON, Nov 12 (Thomson IM) – Fund manager Robeco has launched its second ‘responsible’ private equity fund of funds with a 250 million-euro ($316 million) target.
The investment portfolio of the private equity fund will be split across 20 to 30 private equity funds that are willing to sign up to Robeco’s set of investment principles, which it said are aligned with United Nations principles for responsible investment.
Robeco said its fund will add a visible layer of environmental, social and governance criteria to the underlying funds.
Robeco, a unit of Rabobank, said it will act as a cornerstone investor for the fund, committing up to 15 percent, up to a maximum of 35 million euros.
($1=.7921 euros)
(Reporting by Simon Meads; Editing by Greg Mahlich)
Keywords: ROBECO/FUNDRAISING
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