Phoenix invests £111m in IP Group's private debt

The pension provider expands its life sciences and clean-tech innovation portfolio

clock • 1 min read
Phoenix invests £111m in IP Group's private debt

Phoenix Group has invested £111m in IP Group through long maturity private loan notes as part of its plans to expand its portfolio of science-based innovations.

The financing will be used for investments in clean-tech and other sustainable assets linked to the United Nations' Sustainable Development Goals. This is the first private placement for IP Grou...

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