Impax Acquires Pax World To Create $14B Impact Investing Firm
Wednesday, September 20, 2017
Two impact investing leaders have combined to create a $13.9 billion investment management firm that will also have expanded research and client services capabilities, Pax World Management LLC announced Monday.
Pax World Management, investment advisor to Pax World Funds with $4.5 billion in AUM, has been acquired by Impax Asset Management Group plc, a United Kingdom-based firm with $9.4 million in AUM. Both firms specialize in sustainable and impact investing.
Photo courtesy of Paul Falardeau.
Source: Financial Advisor (link opens in a new window)
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- ESG, impact investing
