Assets under management at environmental-focused Impax Asset Management have passed the £5bn mark after strong growth in the fourth quarter of 2016.
The AIM-listed company said AUM as of December 31 last year stood at just under £5.1bn as a result of a 12 per cent rise in the final three months of the year.
Impax's listed equity fund business, which had £4.2bn in AUM as of October 31, saw £350m in net inflows as well as an £82m boost from market movements.
Its smaller private equity business, which had assets of £285m at the end of the third quarter, took in £129m in net inflows, though market movements shaved £3m off this figure.
In 2016 as a whole total AUM rose from £3.1bn to £5.1bn. Impax said much of the demand in the final quarter had come from continental Europe and the US.
