LGT Bank Switzerland has acquired Aspada, an India-focused impact investment fund, to expand its impact investing platform, LGT Lightstone. It acquires the management organisation of Aspada and a significant majority position of its portfolio from Aspada's sole shareholder, Soros Economic Development Fund (SEDF). LGT Lightstone is LGT's impact investing initiative to build a global multi-billion dollar direct investing platform focused on scalable businesses that provide access to improved livelihoods, information and services for underserved consumers around the world and/or promote ...
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