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Mirova acquires SunFunder

Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing, has acquired SunFunder, a private debt management company that finances renewable energy projects in Africa and Asia.

This is a major step in Mirova’s development strategy in real assets.    
 
SunFunder has helped improve access to solar energy for more than ten million people, predominantly in East and West Africa, before extending its expertise to other emerging markets, including Southeast Asia.
 
The entire SunFunder team will be retained in order to keep expanding their high impact energy transition work and, together with Mirova, build a broader emerging markets platform dedicated to clean energy and climate investments. SunFunder has an experienced and diverse team of 38 people of 16 different nationalities, 55% of whom are women and 45% of whom are African, mainly based in Nairobi, Paris and London.
 
Mirova and its subsidiaries manage €27 billion of assets as of 31 March, 2022, including €2.2 billion in energy transition infrastructure and €500 million in natural capital. 

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