The investment division of sustainable bank Triodos has launched a new investment fund, investing in leading, privately owned organic food and sustainable consumer product companies across Europe.The Triodos Organic Growth Fund has started with €25.3m (£20.8m) provided by committed private and institutional impact investors and aims to grow further to €150m (£123m) in size. Its aim is to provide equity to European companies seeking expansion with fast growing organic food and sustainable consumer products. The fund will invest in companies who are front-runners in their game and hampered in growth by the lack of long term capital being available from sources where there is an alignment of mission and values.
Marilou van Golstein Brouwers, managing director at Triodos Investment Management, said, “Triodos Organic Growth fund will invest in values-driven and profitable businesses with a solid and growing market position. These are privately held companies seeking capital for further growth that will not compromise in their core values and social or environmental objectives.”
The fund is open to qualified and professional investors across Europe. One of the investors, Netherlands-based insurance company Achmea. Harry van den Heuvel responsible for Alternative Investments within the insurance company said '…the fund provides an innovative solution for long term private equity investments… and offers us unparalleled access to leading European organic and sustainable consumer brands and retailers and the opportunity to participate in a fast-growing sector.’
Triodos Investment Management manages a range of sustainable investment funds spanning different themes from renewable energy to culture and real estate, as well as investments in listed companies that meet strict sustainability criteria.