Investcorp-Tages launched a dedicated impact fund that invests in European Private Equity and Venture Capital managers with a goal of generating compelling returns and meaningful social and environmental impact. The Investcorp-Tages Impact Fund has a sustainable investments objective as defined by Art. 9 of SFDR.

The Fund invests in economic activities that contribute to or further the United Nations’ Sustainable Development Goals (“UN SDGs”), with a focus on generating positive social and environmental impacts through focusing on investment opportunities in four main areas: Education; Healthcare; Employment and Skills; and Addressing Climate Change, in Europe and the United Kingdom. The Fund pursues its sustainable investment objective by allocating capital also to Co-Investments which have been assessed as contributing to the sustainable investment objective of the Fund.

Principles for Responsible Investment (PRI)

Investcorp-Tages is a PRI signatory since 2021. Investcorp-Tages is comprised of Tages Capital LLP and Investcorp Absolute Return Investments LLC.

Before 2021, the firm was a PRI signatory under Tages Capital, which included Tages Capital LLP and Tages Capital SGR.

Investcorp-Tages have used the following six principles as a framework for several of our investment strategies:

  • Incorporate ESG issues into investment analysis and decision-making processes
  • Be active owners and incorporate ESG issues into our ownership policies and practices
  • Seek appropriate disclosure on ESG issues by the entities in which we invest
  • Promote acceptance and implementation of the principles within the investment industry
  • Work together to enhance our effectiveness in implementing the principles
  • Report on our activities and progress towards implementing the principles

The PRI Transparency Report is available on the PRI website following each assessment.

Tages Capital LLP is also member of SIA (Social Impact Agenda for Italy), the Italian Chapter of the Global Steering Group for Impact Investing and Investcorp-Tages is a member of SBAI.

Investcorp-Tages Impact Strategy

Global awareness has increased in the past years about important social and environmental issues such as inequality, structural unemployment, health care and climate change.

In the words of a Gen Z representative (Giulia) we have addressed key questions to one of our board members, Panfilo Tarantelli (our baby boomer representative):

  • What are we doing to better change the world?
  • How quick can we act in finding solutions?
  • What is impact investing?

Giulia and all her generation will keep an eye on firms like us and how effective we will be!

Events & Insights

2023 Capital Ideas

Panel discussion: How to speak to LPs about Impact

Manuela Cedarmas, our Head of ESG and Impact Strategies, joins as a speaker in the Workshop: “How to speak to LPs about Impact”, during the event “Capital Ideas” at The Hague, organized by EVPA and Impact VC.


Date: September 27, 2023 , from 1 to 2.30 pm CEST

Location: The Hague

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SBAI 2023 Annual Nordic Institutional Investor Forum

Panel discussion: How to be an Active Owner

Nordic industry leaders discuss Investor Allocation Priorities, Regulatory Perspectives and Responsible Investment at the SBAI Annual Institutional Investor Forum.

Manuela Cedarmas, our Head of ESG and Impact Strategies, joins as a panelist the session on How to be an Active Owner, focusing on:

  •  Proxy voting
  • Fiduciary conflicts
  • Methods of engagement
  • Collaboration mechanisms


Date: April 26, 2023 , from 3.10 to 4.15 pm EEST

Location: Helsinki

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Investment Fuse Europe

Panel Discussion: Building dialogue between investors and issuers on ESG: what do we expect in 2023?

Investor focus on ESG continues to increase and the challenge for issuers is to improve their environmental, social and governance performance as well as how they communicate and engage with investors.

Manuela Cedarmas, our Head of ESG and Impact Strategies moderates a discussion on how issuers and investors can find common ground on ESG.

Date: November 29 2022, from 12.35 to 1.10 pm GMT

Location: Digital seminar

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MEFOP Technical Seminar - Impact investing: how to combine profitability and the fulfilment of new welfare needs

Panel Discussion on Impact Investing: the most important investment opportunity of our time

Salvatore Cordaro, our Co-CEO and CIO, discusses the meaning of generating impact, the investment instruments that are capable of generating positive spin-offs
while preserving the expected profitability and the opportunities that impact investing provides.


Date: October 5 2022, from 10.00 am to 1.30 pm CEST

Location: Cassa Geometri, Rome, Italy

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