Degroof Petercam has struck a partnership deal with Geneva-based impact investing asset manager Quadia and announced plans to launch a fund.
Under the new partnership, the Belgian group has taken a minority equity participation in Quadia.
The deal is designed to expand Degroof Petercam’s impact investing capabilities as it will allow the group to offer new investment opportunities and services to its private and institutional clients.
The two groups revealed plans to jointly launch a diversified European closed-ended impact investment fund this year.
Commenting on the deal, Philippe Masset, CEO of Degroof Petercam said: ‘Through this strategic equity participation, our group positions itself as a leading actor in the area of responsible finance, with a complete offering and at the forefront of socially responsible investing, impact investing and philanthropy.’
Geneva-based Quadia was established in 2010 and specialises in direct impact investments, through equity and debt and runs dedicated fund advisory mandates.