HESTA is committing a further $200m to the HESTA Sustainable Capital Investment Trust, a private equity program managed with Stafford Capital Partners.
HESTA’s additional $200m investment increases the total size of the program to $450m.
The HESTA Sustainable Capital Investment Trust (HSCIT) makes direct investments in lower-mid-market private equity businesses that contribute to one or more United Nations Sustainable Development Goals, including good health and wellbeing, gender equality, affordable and clear energy, climate action, clean water and sanitation, and decent work and economic growth.
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HSCIT invests through a strategy that targets direct co-investments with leading sustainable private equity managers and aims to generate attractive risk-adjusted returns.
HESTA allocated the funds for this investment from the HESTA Sustainable Growth option, which invests in companies selected and managed based on specific environment, social, and governance standards.
As of 30 June 2022, the HESTA Sustainable Growth option has averaged an annual return of 10.39%.
Source: Financial Standard
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