Macquarie Asset Management made a minority investment in Sonen Capital, an investment firm that provides impact investment and advisory services to families, foundations, institutions and advisors.
Macquarie Asset Management’s investment will support Sonen’s strategic initiatives by bringing additional balance sheet capital to support the ongoing growth of the firm’s global impact outsourced chief investment officer services. The investment will further support Sonen’s continued growth of its impact measurement and reporting capabilities, including Sonen’s reporting tools that provide clients with integrated impact and financial reporting.
Under the terms of the transaction, Sonen will retain the day-to-day management and operations of the company. The firm’s investment and decision-making process will also remain unchanged.
“This strategic investment will enable us to further scale our capability to deliver solutions to clients from strategy to implementation for their specific impact objectives.” Raul Pomares, founding partner of Sonen Capital, said. “Given Macquarie Asset Management’s industry leading commitments and management objectives, there are strong values alignment toward mobilizing capital for positive impact.”
“Investors continue to have increasing expectations for their portfolios, including knowing how their investments impact society,” Graeme Conway, chief commercial officer at Macquarie Asset Management, said. “Sonen have a long history of providing solutions for clients that measure financial and social impact. We are excited to support Sonen’s field building efforts in this area.”
