Credit Suisse and BlackRock Collaborate to Build Next Generation of Purpose-Oriented Investments, which aim to deliver attractive private equity returns in line with supertrends by Credit Suisse.
This is the first in a series of investment initiatives created for the private wealth market and aimed at suitable individual investors. The goal is a double impact interesting multiples on invested capital and positive contribution in the context of important social trends.
This fund focused on the health and wellness sectors is structured to benefit from a wide range of opportunities in the sub-themes, including physical health and well-being, mental health and development, nutrition and resources, financial health. The focus on these issues and their importance has intensified with the COVID-19 pandemic, and they are integrated into the Credit Suisse Supertrends “Millennial Values”, “Social Concerns” and “Silver Economy”. In addition, they are aligned with selected UN Sustainable Development Goals (UN SDGs) that promote access, sustainability, innovation and inclusion. Clients therefore have the opportunity to generate a social impact while at the same time obtaining financial returns.
Lydie Hudson, Credit Suisse CEO Sustainability, Research and Investment Products (SRI), commented: “Credit Suisse and BlackRock are united in their commitment to impact investing by offering innovative financial solutions to address global social problems. This joint private market investment program leverages the size, expertise and strength of the two companies to provide clients with a meaningful investment experience and positive returns. We are thrilled to partner with BlackRock, with its proven expertise in private equity, to provide clients with the opportunity to make purpose-oriented investments. “
Michael Strobaek, Credit Suisse Global Chief Investment Officer, said: “Our Supertrends highlight the long-term investment opportunity that lies in offering solutions to the global demand for health and wellness. We therefore support clients by highlighting the priority of sustainable investments in their portfolios. A high-profile response is needed, and by partnering with BlackRock we look forward to making a significant contribution to improving accessibility to many aspects of health and well-being on a global scale. “
Mirjam Staub-Bisang, Country Head of BlackRock Switzerland and Senior Advisor of BlackRock Sustainable Investing (BSI), said: “BlackRock and Credit Suisse share the fundamental assumption that clients can achieve attractive financial returns while exerting a measurable environmental and social impact. BlackRock Private Equity Partners has a long history of success in identifying private companies that have shown innovation and growth in health and wellness. This is the first of a series of impact investing initiatives that we will develop together with Credit Suisse in the coming years ”.
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