Dealflow | September 22, 2017

Barclays impact fund-of-funds gets Big Society capital

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Barclay’s Multi-Impact Growth Fund is the bank’s first mainstream impact investing product.

The U.K.-based social investment firm Big Society Capital is committing £5 million ($6.8 million) as the first investor in the fund, which is being offered to commercials, private client, and retail investors.

The Multi-Impact Growth Fund was developed to meet clients’ demand for impact products, Barclays’ Damian Payiatakis says.

The fund is structured as a UCITS (for “Undertakings for Collective Investment in Transferable Securities”), the most common European-style mutual fund among small investors. It will invest in other impact-focused stock portfolios and bonds.