Lloyd’s Investment Platform launches Private Impact Fund with templates £250m initial allocation for sustainability-focused assets

13 Apr 2023

Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, has today announced the launch of the Lloyd’s Private Impact Fund with the appointment of Schroders’ specialist private assets investment division, Schroders Capital, as its Portfolio Manager.

The newly-launched fund will invest globally across private equity, infrastructure, natural capital and real estate targeting the long-term themes of Climate Mitigation, Climate Adaptation, Circular Economy and Social Inclusion.

The Lloyd’s Private Impact Fund is the first fund to be launched on the Lloyd’s Investment Platform, which was set up to help investors in the Lloyd’s market generate attractive risk-adjusted returns on capital and access a broader range of investment opportunities, including private assets. This builds on the investment partnership announced last year with Schroders Solutions, part of the Schroders Group.

The Lloyd’s market is supported by around £95bn of globally-invested assets and the Lloyd's Investment Platform is designed to provide investors with access to opportunities, value for money, and operational efficiencies through investing collectively. Schroders manages £122bn of global assets for insurance companies.

“I am really proud to be announcing the launch and initial investment in the Lloyd’s Private Impact Fund. This is a great example of the impact that insurers can have in addressing climate change and reflects Lloyd’s convening role in leading the Sustainable Markets Initiative Insurance Task Force."

"The design of the fund is itself innovative, being open-ended in nature and categorised as an impact fund.”

Eleanor Bucks, Chief Investment Officer, Lloyd’s

"Lloyd’s has committed to be the insurer of the transition to net zero, providing both the capital and the capability to enable industries and economies to build a sustainable future."

"The insurance industry has a critical role to play insuring the risks associated with transition, and providing the investment to accelerate progress – which is why we were pleased to announce a £250 million initial investment into an sustainability-focused Private Impact Fund this week."

John Neal, CEO, Lloyd’s

“We are very proud to be partnering with Lloyd’s on the launch of this innovative solution, which draws on the advisory expertise of our Schroders Solutions team and the private markets capabilities of Schroders Capital.”

“In doing so, this Fund provides a single access point to a diversified multi-private asset portfolio covering private equity, infrastructure, real estate and natural capital. Each investment will be aligned to one of seven UN Sustainable Development Goals providing measurable social and/or environmental impact, alongside a financial return."

“This will be underpinned by Key Performance Indicators to measure and demonstrate effective progress and alignment to Article 9 Principles under Sustainable Finance Disclosures Regulation (SFDR).”

Ajeet Manjrekar, Head of UK Client Solutions, Schroders Solutions

Notes to Editors

You can read more about the launch of Lloyd’s Investment Platform here.
The impact fund addresses the twin objectives of investment return and impact by targeting areas where the requirement for capital still substantially exceeds supply, in particular in terms of global reach and climate adaption, as highlighted by the recent IPCC report.
An Article 9 Fund under SFDR is defined as “a Fund that has sustainable investment as its objective or a reduction in carbon emissions as its objective.”
Lloyd’s was invited to chair the Sustainable Markets Initiative’s Insurance Task Force by the then Prince of Wales. You can read more about the SMI here.
The Private Impact Fund themes are directly linked to priority UN SDG goals, including (1) No poverty; (5) Gender Equality; (7) Affordable and Clean Energy; (8) Decent Work and Economic Growth; (9) Industry, Innovation and Infrastructure; (10) Reduced Inequalities; (11) Sustainable Cities and Communities; (13) Climate Action; (15) Life on Land; (17) Partnerships for the Goals

Enquiries to

+44 (0) 20 7327 5111

pressoffice@lloyds.com

About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world.

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.

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We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

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