French savings institution Carac Group has acquired a 30 per cent stake in impact investment firm Raise Group, providing the company with new capital to support its growth.
The co-founders and management team of Raise, which manages around €2bn (£1.73bn) in assets, will retain a 70 per cent majority stake in the business.
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Carac promotes long-term savings as a vehicle for economic sovereignty and intergenerational solidarity. The firm will become a minority shareholder in Raise, providing the investment manager with additional resources to accelerate its development and expand internationally, while allowing it to retain its independence.
For Carac, the investment is intended to establish a long-term partnership with a private markets manager, supporting its strategy to increase exposure to sustainable and socially responsible finance.
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“As a mission-driven mutual, a long-term and committed investor, the Carac Group naturally emerged as the ideal partner for the Raise Group,” said Gonzague de Blignières and Clara Gaymard, co-founders of Raise, and Mathieu Blanc, managing partner.
“In addition to the convergence of our respective DNAs, we share the same vision of responsible investment and a real complementarity in our approaches and expertise.”
