Impact Alpha – Wire Group’s new impact fund-of-funds offers global footprint for Dutch family offices

First article about WPMF on Impact Alpha.

ImpactAlpha, July 16 – European investors have been leaders in sustainable investing. Institutional investors in particular have been racing to shift public equity portfolios to holdings screened for environmental, social and governance metrics. That same progression hasn’t played out in private impact investing.

Wire Group, based in the Netherlands, is working to change that, with a vision to “professionalize” impact investing for Dutch family offices. After 10 years of impact investment advisory work, the firm is launching an impact fund-of-funds targeting sustainable food and agriculture, access to clean energy and healthcare, and conservation around the globe.

“The fund builds upon our existing experience and expertise in impact investing of the past years,” Wire Group’s Carolien Wegener told ImpactAlpha.

Wire Group is looking to raise €60 million ($67.5 million) to invest in other impact funds. So far the firm has secured soft commitments and is hoping to reach a €30 million first close by the end of this year. It has also pledged to peg 50% of its own carry to the fund’s impact performance. The intent is to give clients an option for implementing the type of guidance and due diligence Wire Group offers.