AXA Investment Managers has launched a private market strategy which will focus on the basic needs of emerging consumers across Latin America, South-East Asia and Sub-Saharan Africa.
The company said it would be its fourth private market impact investing strategy and it would be expected to raise between US$300-US$400 million from a broad base of professional investors while investing in private companies focusing on creating intentional impact outcomes across scalable impact themes such as to healthcare and financial inclusion.
AXA also announced that the launch would follow the first close of the AXA Impact Fund Climate and Biodiversity earlier this year which managed to secure US$175 million in commitments.
“Our mission is to identify those companies who can empower underserved and low-income beneficiaries in emerging and frontier economies and meet the basic needs of the emerging consumer,” Jonathan Dean, head of impact investing at AXA Investment Managers said.
“Building on the extensive experience we have developed through the structuring and deployment of the previous three strategies, our new portfolio construction will enable us to efficiently disburse capital across high impact companies and projects may deliver scalable, measurable and intentional impact outcomes, in healthcare and financial inclusion, to those who were previously under-served.”