London-based impact investment firm Red Ribbon Asset Management has launched the Red Ribbon Private Equity Fund and the Red Ribbon Real Estate Fund.
The funds will focus on socially responsible investments in emerging and growth markets, and India in particular.
The new Funds, both of which are listed, will restrict investment to ventures whose commercial objectives conform strictly to Mainstream Impact Investment criteria. Red Ribbon Asset Management’s Chief Executive Officer, Suchit Punnose, says: “As a firm, we are choosing to invest in well-governed, profitable businesses operating in mainstream markets that have a positive impact on society and the environment. This approach gives a mandate to investors who wish to align their financial portfolios with these values.
“Growth markets are more than just an exciting investment opportunity, they are also a driver to global economic growth. In our view, no portfolio is balanced unless at least 10 per cent of the deployed assets are invested in growth markets – the returns are greater than any mature market can offer.”
Punnose says that India is one of the fastest growing, most dynamic economies in the word with strong sector growth, stellar demographic trends and improved transparency which are making India highly attractive to investors.
The Red Ribbon Private Equity and Real Estate Funds are open-ended and investors will be able to redeem their holdings by giving three months’ notice – after the initial three-year lock in period.