ImpactAlpha, July 2 – Swiss impact investing firm responsAbility has built a $3 billion portfolio of global impact investments since launching in 2003. It is now giving a cut of that to Christian Super, an A$1.5 billion ($1 billion) pension fund for Australia’s Christian missionary and education organizations.
The fund, which allocates 10% of its portfolio to impact investing, has taken an undisclosed but “significant” minority stake in responsAbility. It has become responsAbility’s first international shareholder.
Christian Super’s Ross Piper said the acquisition “signals our continued commitment to the growth of the impact investment market.”