ImpactAlpha, April 20 – Dutch impact advisor Wire Group launched its first fund in 2019, after 10 years helping European family offices develop impact investing strategies and ink deals. Its first fund of funds is closing up investments with three final deals in the works: a women-led fund that invests in diverse climate tech entrepreneurs; a tech fund supporting ecosystem regeneration; and a financial inclusion and healthcare access fund for Africa and Asia that is looking to raise $1 billion.
Wire Group has backed nine other funds, which have collectively invested in more than 140 impact companies.
The firm is now raising its second fund, with plans to raise €80 million and invest in an additional 12 to 15 fund managers. Investment themes include regenerative agriculture, health and nutrition, sustainable forestry, and inclusivity for marginalized groups.
Wire Group is linking its remuneration to impact as well as financial targets.