Retail workers industry fund REST has made its first listed equity impact investment, committing $150 million into a mandate with asset manager Ninety One.
The investment aims to contribute to the transition to a lower-carbon global economy, by focusing on three areas renewable energy, resource efficiency and electrification.
Rest made its initial impact investments into the unlisted infrastructure Palisade Impact Fund, with specialist private equity firm ARCHIMED, and recently made a commitment to the agriculture-focused Cibus II Fund.