July 26, 2019 / 9:48 AM / 22 days ago

Asset manager Schroders acquires majority stake in BlueOrchard

July 26 (Reuters) - British asset manager Schroders Plc said on Friday it has agreed to acquire a majority stake in impact investor BlueOrchard for an undisclosed sum.

Switzerland-headquartered BlueOrchard has about $3.5 billion in assets under management and focuses on impact investing, which involves putting money in projects that pay returns based on if they hit non-financial targets, often linked to social development or the environment. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)

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