TGE appointed by RM Funds as impact advisor to new fund

Wed, February 24th, 2021

The Good Economy has been appointed to report on impact performance to investors in a new fund launched by RM Funds, the specialist asset manager focusing on alternative investments.

The RM Impact Credit Fund (RM ICF) will provide funding support to businesses across the UK that make tangible, positive contributions to social and environmental outcomes linked to specific SDGs. Through the provision of non-benchmark sized loans, RM Funds aim to meet the needs of businesses who have borrowing requirements that are too complex for traditional bank lending and too small for institutional direct lending.

The fund will set out to meet a range of impact objectives including improving the supply of quality affordable housing and accommodation; childcare and education services; health and social care; and energy, recycling, waste and sustainable water solutions.

In addition to reporting annually on impact performance, TGE will also provide RM Funds with third-party assurance of RM ICF's Impact Management and Measurement (IMM) framework.

James Robson, RM Funds CIO, said: “Despite being one of the world’s most advanced economies, the UK faces a range of pressing social and environmental challenges, not least arising out of growing social and economic inequality, meaning many people and parts of the UK are at risk of being ‘left behind’.

"The RM Impact Credit Fund will fill a significant funding gap which we refer to as 'the missing middle' to provide crucial funding to quality UK businesses, and deliver 'triple bottom line' stable returns for investors, with clear positive outcomes for people and the planet."

Sarah Forster, CEO of TGE, said: "We’re delighted that RM Funds has shown their commitment to maintaining high standards of ESG and impact integrity by seeking ongoing, third-party assurance for this new fund. Alongside the use of SDGs, the fund will have an impact scoring system aligned with recognised global standards and initiatives to enable us to report on impact performance clearly and robustly.”

Further reading

• See here for further information about the RM ICF

Investment Week article here

ESG Clarity article here

Wealth Briefing article here

Private Debt Investor article [paywall] here

Institutional Asset Manager article here.


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