On June 8, 2017 Fund Strategy reported that the Impact Investment Trust plans to raise up to $150m (£118.9m) through a listing on the London Stock Exchange in July 2017.
According to the article, (t)he multi-manager fund, to be launched by Eighteen East Capital, will invest in private equity and impact funds, using Obviam as investment adviser, and aims to deliver 8 per cent annually over the long term.”
The trust will consider all three extra-financial issues – environment, social and governance (ESG). “Approximately 40 per cent of the investment trust will be invested in Africa, 40 per cent in Asia and the remaining 20 per cent in Latin America.”
You may read the article on the Fund Strategy internet site.