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Mirova, an affiliate of Natixis Investment Managers focused on sustainable investing, has announced the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC). The fund,…
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Mirova's Impact Fund Raises Over €200M, Launches New Fund for Societal Impact – ESG News
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Mirova’s Impact Fund Raises Over €200M, Launches New Fund for Societal Impact
Environmental
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Private Equity
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Sustainable Finance
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Mirova’s Impact Fund Raises Over €200M, Launches New Fund for Societal Impact
by ESG News
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September 5, 2024
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Significant Milestone: Mirova’s first private equity fund, MEAC, has raised over €200 million, despite a challenging fundraising environment.
Strategic Investments: MEAC has invested €80 million across 10 companies, focusing on clean energy, circular economy, natural resources, agri-agro technologies, and smart cities.
Expansion of Impact: Mirova launches a new fund, MILE, to support societal impact through diverse investments in knowledge, well-being, responsible consumption, and inclusion.
Mirova, an affiliate of Natixis Investment Managers focused on sustainable investing, has announced the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC). The fund, launched in 2021, has successfully raised €211 million in commitments, exceeding its initial target. Notably, 30% of these commitments came from private clients, drawn by the fund’s multi-thematic approach and its alignment with SFDR Article 9 standards.
Investment Focus
MEAC’s strategy centers on five key areas: clean energy, circular economy, natural resources, agri-agro technologies, and smart cities. To date, the fund has invested over €80 million in 10 companies across Europe and North America and has completed one exit. This progress demonstrates the fund’s commitment to supporting innovative solutions that drive the environmental transition. Additionally, MEAC has received the Greenfin label and is eligible for the Tibi initiative, further solidifying its impact credentials.
New Developments
Building on the success of MEAC, Mirova has launched a second private equity fund, Mirova Impact Life Essentials (MILE), aimed at fostering societal impact. MILE will focus on supporting the growth of French and European companies across four investment themes: knowledge and know-how, well-being and health, responsible consumption, and diversity and inclusion. The first investment under this new fund will be announced soon.
Related Article: AEW Adopts Sustainability Impact SDR Label for UK Impact Fund
Marc Romano, Head of Impact Private Equity at Mirova, expressed pride in the achievements of MEAC:
“With this first private equity fund, we are proud to have delivered on our ambitions to invest in unlisted companies displaying a high environmental impact. We already completed ten investments in key sectors of the ecological transition, with the aim of achieving attractive financial returns. We remain convinced that positive impact and profitability go hand in hand, particularly when it comes to companies that are driven by fundamental trends designed to meet specific sustainable development objectives.“
Mirova’s efforts underline its commitment to combining financial returns with meaningful contributions to both environmental and societal transitions, providing a robust platform for investors interested in impact-driven opportunities.
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