UBS Hits Milestone in Mobilizing Private Wealth for Public Good
July 10 2017 - 7:00AM
Business Wire
- The world's leading global wealth
manager raises USD 325 million for The Rise Fund – the largest
investment in the Fund.
- The sum is UBS's biggest step so far
to meeting its USD 5 billion commitment to impact investments
related to the UN Sustainable Development Goals (SDGs).
- The Rise Fund was co-founded by Bill
McGlashan, Bono, and Jeff Skoll, in collaboration with The
Bridgespan Group and the Founders Board.
UBS, the world's leading global wealth manager, has raised USD
325 million for The Rise Fund as part of a five-year plan to
mobilize private wealth for public good.
The sum raised represents the largest investment in the private
equity impact investment vehicle. The Rise Fund is committed to
achieving measurable, positive social and environmental outcomes
alongside competitive financial returns. Its objectives are aligned
with the UN SDGs.
After raising USD 471 million for its UBS Oncology Impact Fund
last year, UBS committed to raise USD 5 billion for SDG-related
impact investments over the next five years at the World Economic
Forum Annual Meeting 2017 in Davos.
The Rise Fund is an impact investing collaboration among several
parties, including:
- Co-Founders Bill McGlashan, Bono, and
Jeff Skoll. Bill McGlashan is CEO of The Rise Fund and Founder and
Managing Partner at TPG Growth.
- The Bridgespan Group, a global
non-profit advisor and resource for mission-driven organizations,
philanthropists and investors, which has worked with The Rise Fund
to design its impact assessment methodology.
- The Founders Board, a group of
influential thought leaders with a deep personal and professional
commitment to driving social and environmental progress.
- The Rise Council, which supports the
Fund and the impact investing industry more broadly, and whose
members include UBS.
Sergio Ermotti, Group CEO at UBS, said: "UBS is proud to
have raised the largest investment in The Rise Fund. Our
partnership represents a significant milestone in mobilizing
private wealth for public good. We hope it will encourage our
clients and others to support similar ventures and help make the
world a more sustainable place."
Mark Haefele, Global Chief Investment Officer at UBS Wealth
Management, said: "Our private clients care deeply about making
an impact on society as well as earning a compelling return. Impact
investing offers them the opportunity to do both, and as such the
industry is likely to grow significantly over the longer term."
Simon Smiles, Chief Investment Officer for Ultra High Net
Worth at UBS Wealth Management, said: "Our wealthiest clients
can commonly commit to longer-term investments and are therefore
well-suited to impact investing. Interest in impact investing is
especially high among millennials, but is also growing strongly
across our entire client base, particularly in Asia."
According to UBS's white paper for Davos 2017 , private wealth
could play a much bigger role in funding the SDGs, yet most
initiatives ignore it.
Private wealth investment tends to be longer-term and hence
aligned with the SDGs, and also has fewer constraints than
institutional capital. It can be incentivized by mainstreaming
SDG-related impact investing, enhancing SDG funding gap data and
measurement, standardizing investment terms and disclosures, and
connecting investors with opportunities via platforms and other
initiatives.
The Rise Fund will focus on investments in seven sectors in
which independent research has shown that impact is both achievable
and measurable in quantitative terms: education, energy, food and
agriculture, financial services, growth infrastructure, healthcare,
and technology, media & telecommunications. It will invest
predominantly in growing companies across developed and developing
markets.
Any investment opportunities in the Fund are restricted to
qualifying investors only, are not available for general
distribution to retail clients, and are not available in certain
jurisdictions.
About UBS
UBS provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. The operational structure of the Group is
comprised of our Corporate Center and five business divisions:
Wealth Management, Wealth Management Americas, Personal &
Corporate Banking, Asset Management and the Investment Bank. UBS's
strategy builds on the strengths of all of its businesses and
focuses its efforts on areas in which it excels, while seeking to
capitalize on the compelling growth prospects in the businesses and
regions in which it operates, in order to generate attractive and
sustainable returns for its shareholders. All of its businesses are
capital-efficient and benefit from a strong competitive position in
their targeted markets.
UBS is present in all major financial centers worldwide. It has
offices in 54 countries, with about 34% of its employees working in
the Americas, 35% in Switzerland, 18% in the rest of Europe, the
Middle East and Africa and 13% in Asia Pacific. UBS Group AG
employs approximately 60,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
UBS media contacts Switzerland: +41-44-234 85 00 UK: +44-207-567 47
14 Americas: +1-212-882 58 57 APAC: -852-297-1 82 00 www.ubs.com
Disclaimers
This communication does not constitute an offer to sell or a
solicitation of an offer to buy any securities and may not be used
or relied upon in evaluating the merits of investing in any
investment fund or instrument. The information set forth herein
does not purport to be complete and is qualified in its entirety by
reference to the investment fund or instrument documentation.
Any investment opportunities mentioned in this press release are
restricted to specific qualifying investors (i.e. in Hong Kong to
Professional Investors only) and will not be available for general
distribution. The contents of this document have not been reviewed
by any regulatory authority in Hong Kong. You are advised to
exercise caution in relation to the offer. If you are in any doubt
about the contents of this document, you should obtain independent
professional advice. This information pays no regard to specific
investment objectives, financial or tax situations or particular
needs of any recipient. UBS does not provide legal or tax
advice.
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UBSMaya Dillon, +1-212-713-3130maya.dillon@ubs.com
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