The Alchemist owner Palatine closes its largest ever impact investment fund at $132M
The fund, which will invest in businesses which have a positive social or environmental impact while also aiming to generate industry-standard returns, exceeded its target of $100M.
It will be led by Beth Houghton, who has headed Palatine’s environmental, social and governance (ESG) efforts since joining in 2007. Last year, Houghton won the first “Outstanding Individual Contribution” award for responsible investment from the British Private Equity and Venture Capital Association (BVCA).
“We have developed a strong pipeline of companies led by people that share our passion to grow companies that make a difference,” she said.
Photo courtesy of Sudipto Sarkar.