Brunel Pension Partnership (Brunel) has invested $60m into the Neuberger Berman Private Equity Impact Fund on behalf of four of its LGPS member funds.
The pool says that the fund would incorporate a strategy to encourage the integration of environmental, social and governance issues.
Richard Fanshawe, Brunel’s head of private markets, said: “The fund is ground-breaking in seeking attractive financial returns in lockstep with positive social and environmental impact, having identified investable themes that can map to 15 of the 17 UN sustainable development goals. “We fully support this ambitious approach.”
