Arcmont launches impact lending strategy

Arcmont Asset Management has launched a new impact lending strategy with the backing of two mandates totalling €475m (£399.4m) from institutional investors APG and TIAA.

The strategy aims to provide debt financing to companies helping to address environmental and social challenges across four key themes: climate, health, education and sustainable economic growth.

The new strategy was developed in collaboration with impact consultant Bridgespan Social Impact.

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Arcmont’s impact management process is aligned with the Operating Principles for Impact Management and has been independently verified by impact verification services provider BlueMark.

The asset manager will report on outcome impact KPIs for investments to provide investors with insights into the social and environmental outcomes achieved.

“Arcmont is a leading responsible investor in the European private debt market and one of the first private debt firms of its size to launch an impact lending strategy,” said Anthony Fobel, chief executive of Arcmont Asset Management.

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“We are proud to take this step forward with APG and TIAA’s support and we believe that this strategy will provide our investors with a meaningful way to contribute to a sustainable future.”

APG is the largest pension services provider in the Netherlands, looking after the pensions of 4.6 million participants and managing around €616bn of pension assets.

TIAA is one of the world’s largest institutional investors and a provider of retirement and financial services, with $1.4tn (£1tn) in assets under management.

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