May 19

Morgan Stanley raised $125 million for a new fund — and it highlights one of the hottest trends in investing

Morgan Stanley is making a big move in the world of sustainable finance.

The bank has raised $125 million in commitments for its first global impact fund. It will invest in private-equity funds that demonstrate they positively affect the environment or society while delivering strong financial returns. Morgan Stanley says it believes this is the largest impact fund of funds in existence.

Source: Business Insider (link opens in a new window)

financial services, impact investing, investment fund, social impact, sustainability