Degroof Petercam takes stake in impact investing boutique

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Belgian financial group Degroof Petercam has entered into a partnership with Swiss asset manager Quadia to enhance its impact investing offering.

The deal sees Degroof Petercam taking a minority equity stake in Quadia. It will enable the Belgian bank to propose new investment opportunities and services to its private and institutional clients.

It is understood Degroof Petercam and Quadia consider the launch of a diversified European closed-end impact investment fund by year-end.

Established in 2010, Quadia has assets under management of around $170m (€136.8m) and claims to have saved some 30,000 tons of greenhouse gas emissions since launch.

Philippe Masset, CEO of Degroof Petercam: “Through this strategic equity participation, Degroof Petercam joins forces with a team of great reputation which has played a historic role in the development of impact investing in Europe. As such, our group positions itself as a leading actor in the area of responsible finance, with a complete offering and at the forefront of socially responsable investing, impact investing and philanthropy.”

Guillaume Taylor, co-founder of Quadia: “We are delighted to partner with a group with the reputation of Degroof Petercam who shares our societal vision and who has always placed responsibility and the human dimension at the centre of its actions. I am convinced that by combining our forces, expertise and network, we will be able to propose an exceptional impact investing offering in Europe. In this way, we will jointly contribute to a new economic paradigm which brings social and environmental solutions to today’s challenges.”