Variant has announced that its private credit impact fund has hit $86m (£64m) in assets under management as of the end of July this year.
The fund capital has been deployed across a range of impact themes aligned with its sustainable development goals, including financial inclusion, equitable growth and responsible consumption.
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The fund mobilises private credit where access to standard financing may be unavailable, inefficient or too costly, which it aims to help unlock job creation, education, healthcare and long-term economic mobility.
“Interval fund structures like Variant’s Impact Fund help serve as a practical solution to real-world market considerations of managing liquidity alongside longer-term horizon impact investments,” said Drake Hicks, vice president, head of impact and chair of Variant’s impact investing committee.
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“Investing capital that helps communities thrive around the world underscores the meaningful convergence of financial return and social good, and our multi-year record helps make the case that this is possible.”
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