ImpactA Global, a women-led infrastructure debt investor, has mobilised over USD 200m in public and private capital for its strategy which seeks to tackle the infrastructure deficit in emerging markets (‘EMs’).
ICMIF’s latest Supporting Member, Legal & General (‘L&G’), who committed up to USD 100m to ImpactA Global in October 2023, is joined by new commitments from the UK government’s MOBILIST programme, IDB Invest – the private sector arm of the Inter-American Development Bank – and other global investors.
The capital will be deployed towards projects in critical sectors such as clean and renewable energy, sustainable transport, health, water, and sanitation—all central to achieving the United Nations Sustainable Development Goals (‘UN SDGs’). This marks a significant investment milestone for ImpactA Global who are mobilising global capital to close the UN SDG funding gap, whilst providing investors the opportunity to capitalise on the competitive risk-adjusted returns and diversification that exposure to EMs can provide.
Acting as an catalytic investor in the early stages of fundraising, L&G’s partnership with ImpactA Global seeks to provide debt financing for sustainable infrastructure in EMs, with a focus on addressing climate challenges and reducing social inequalities. The partnership forms part of L&G’s GP Investing programme – within its £57bn Private Markets platform – which invests in alternative asset managers with a focus on long-term structural growth and profit generation for its shareholders.
“Channelling capital into private debt financing for Emerging Markets is crucial to closing the USD 4 trillion annual funding gap and achieving the UN Sustainable Development Goals,” said Hannah Gore-Randall, Managing Director of Alternative Finance, Asset Management, L&G. “Our early support of ImpactA Global is one example of how we aim to deliver commercial returns alongside positive social and environmental outcomes.”
ImpactA Global’s strategy focuses on mobilising capital at scale for large-scale infrastructure projects, with strong potential for resilient, risk-adjusted returns. Recent data from the Global Infrastructure Hub reports that infrastructure debt in emerging markets has outperformed developed markets over the past decade—8% vs. 4% annual returns.
This collaboration demonstrates how the growing appetite for investors to contribute to the development of sustainable infrastructure in EMs, and how institutional investors can play a transformative role in tackling global challenges by supporting projects that combine financial performance with measurable impact.
We welcome L&G’s continued leadership in this space and look forward to sharing more stories about their work as a Supporting Member.
