Schroders has taken a majority stake in the impact investment manager BlueOrchard Finance three months after announcing the operation.
BlueOrchard, with around $3.5bn in assets under management, offers its investors premium impact investment solutions across multiple asset classes, including credit, private equity, and sustainable infrastructure and is an expert in innovative blended finance mandates.
Schroders announced the acquisition in July and said then: "Schroders' partnership with BlueOrchard supports the expansion of its sustainability capabilities, helping to better serve clients who are increasingly seeking investments which have a beneficial impact on society and the environment, as well as generating positive financial returns. It also accelerates the company's growth in private debt and private equity investments in emerging markets."
The company also said that there would be no changes to the management team, processes or strategies that BlueOrchard manages following completion of the transaction.
Schroders' global head of Private Assets, Georg Wunderlin, said: "This partnership demonstrates our commitment to the increasingly important sustainability and broader impact investing space. BlueOrchard is a pioneer in impact investing in emerging markets and operates a range of capabilities across microfinance, impact bonds, private equity and infrastructure investments. We are looking forward to supporting BlueOrchard's further growth path as part of the Schroders Group."
BlueOrchard's chief executive officer Patrick Scheurle, added: "Impact investing is about merging the best of two worlds; achieving attractive investment returns but also achieving a social or environmental goal such as tackling climate change or reducing poverty.
"Schroders has a long-term and strong commitment to sustainability and we are confident that this partnership will further enable BlueOrchard to bring impact investing into the mainstream market.