Acadian raises $339.8M for emerging-markets fund that shuns fossil fuels
What's the deal? Acadian Asset ManagementDealroom has a profile for this one. Try Dealroom → has raised $339,770,813 for its Sustainable Emerging Markets Equity Ex-Fossil Fuel Fund through an exempt securities offering. The Delaware-registered pooled investment vehicle has no fixed target, so the total reflects capital gathered to date.
The details: The Boston-based manager, headquartered at 260 Franklin Street, runs the fund under exemption categories 06b, 3C, and 3C.7. Estimated commissions over one year stand at zero, and the offering is available in all states.
Who's involved? Executive officers include Brendan Bradley, Charmaine Catania, Scott P. Dias, Theodore Noon, Alexandre Voitenok, and Kelly Young. Funds Distributor, LLCDealroom has a profile for this one. Try Dealroom →, based in Portland, Maine, handles distribution.
What's the endgame? The strategy pairs emerging-markets equities with a fossil-fuel exclusion, targeting investors who want exposure to developing economies without carbon-heavy holdings.
The signal: With an open-ended structure and no cap, the fund can keep drawing commitments — a sign of steady demand for sustainability-screened emerging-markets products.
Read more: kalkinemedia.com
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