International savings and investments business M&G plc announced that it has completed its acquisition of Zurich-based, emerging markets-focused impact investor responsAbility Investments AG.
Founded in 2003, responsAbility invests in private debt and private equity across emerging markets, focusing on companies in the financial inclusion, sustainable food and climate finance sectors whose business models directly support the United Nation’s Sustainable Development Goals (SDGs). As of December 31, responsAbility has approximately $3.7 billion of assets under management, and has disbursed over $11 billion in investments since inception.
John Foley, Chief Executive of M&G, said:
“We are delighted to welcome responsAbility to M&G and look forward to working with the team to develop the huge potential this acquisition offers us in the fast-growing market for sustainable and impact investments.”
Rochus Mommartz, Chief Executive Officer of responsAbility, said:
“M&G is committed to our core impact investing purpose and to our innovative spirit. By leveraging their powerful partnership, we will be able to accelerate our most pioneering projects, whether it be helping to drive the transition to Net Zero emissions, finding solutions to invest in sustainable food or increasing access to finance through the latest developments in FinTech.”
In addition to enhancing M&G’s impact investing capabilities, the acquisition is also intended to strengthen the firm’s international footprint and asset origination capabilities, adding an investment hub in Zurich and offices in new markets.
Jack Daniels, Chief Investment Officer of M&G, said:
“responsAbility brings leading capabilities in impact investment to M&G, which will help us accelerate our ambition to place sustainability at the heart of our investment process. The combination of responsAbility’s specialist capabilities and our scale, investment breadth and global distribution reach represents a very powerful proposition in an area where we are seeing strong and growing client demand.”