Growthworks, a leader in the venture capital space and manager of a number of labour sponsored investments funds, has an offer on the table to buy Mavrix Fund Management.
While Growthworks does not promote itself as an SRI fund company, they use SRI considerations in their investment process. Mavrix is the owner of the Sierra Equity Fund, a retail SRI mutual fund.
This follows hot on the heels of the acquisition of Innovest by Risk Metrics and last years purchase of PH&N by RBC.
What does this mean for SRI? Are we going to have fewer stronger firms? Or will the SRI focus be diluted in these larger corporate entities?
And who’s next?
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