About This Fund
The Mirova Societal Impact Fund, operated as Mirova Impact Life Essentials (MILE), is a EUR 200 million target private equity fund dedicated to generating measurable societal impact across Europe through investments in growth-stage unlisted companies. The fund is managed by Mirova, a French asset management firm specializing in responsible investment and a subsidiary of Natixis Investment Managers, which manages more than EUR 28 billion in assets across listed equities, bonds, real assets, and private markets strategies.
Structured as a Societe de Libre Partenariat under French law and classified under SFDR Article 9, the highest sustainable investment designation under European regulation, the fund's mandate is organized around four societal themes: knowledge and learning covering education technology and vocational training; well-being and health including health services, digital health, and home care; mindful and responsible consumption such as sustainable food systems, eco-mobility, and secondhand markets; and diversity and inclusion focusing on professional reintegration and accessibility services. Investment tickets range from EUR 5 million to EUR 20 million per company, with a primary focus on French and pan-European businesses.
The fund carries a 10-year term with two one-year extension options and is approved under France's TIBI institutional investment initiative. It holds LuxFLAG ESG, LuxFLAG Social Impact, and Towards Sustainability labels. The fund aligns with United Nations Sustainable Development Goals 3 (health), 4 (education), 8 (decent work and economic growth), 10 (reduced inequalities), and 12 (responsible consumption and production).