Fund News - Lombard Odier is SocialAlpha-Bastion's first institutional investor
Lombard Odier has invested USD 1.5M in SocialAlpha-Bastion, through its LO Gateway - Development Finance Fund. This marks the first investment in the fund by an institutional investor of the private sector.
Lombard Odier was founded in 1796 and is the oldest private bank of Geneva, Switzerland. It held CHF 215B in client assets at 31 December 2014.
The LO Gateway - Development Finance Fund is a USD 120M impact investing fund of funds launched in 2014. The fund has been designed to facilitate exposure to the impact investing sector and provide a combination of social impact and financial returns. It is open to Qualified Investors only.
SocialAlpha-Bastion is one of ten impact funds selected by the LO Gateway - DFF to date.