Schroders Group has completed its purchase of a majority stake in BlueOrchard Finance, an impact investment manager that operates a range of capabilities across infrastructure investments, private equity, microfinance and impact bonds.
The companies announced the agreement in July. Financial terms were not disclosed.
Founded in 2001, BlueOrchard was the world’s first commercial manager of microfinance debt investments. The company has $3.5 billion in assets under management and operates in emerging and frontier markets worldwide. BlueOrchard specializes in blended finance mandates.
“Impact investing is about merging the best of two worlds — achieving attractive investment returns but also achieving a social or environmental goal, such as tackling climate change or reducing poverty,” said Patrick Scheurle, CEO of BlueOrchard.
The company’s new board of directors will consist of representatives from both companies, according to Peter Fanconi, chai
