Impax Acquires Pax World To Create $14B Impact Investing Firm
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.