Capital Impact Partners Named to ImpactAssets 8th Annual IA 50 Impact Investment Fund Showcase
Free Online Database Connects Investors to Fund Managers that Deliver Social, Environmental, and Financial Returns
Arlington, VA (February 26, 2019) – Capital Impact Partners, a leading mission-driven Community Development Financial Institution, announced today that it has been named to ImpactAssets’ 2019 impact investing showcase, the ImpactAssets 50 (IA 50). The eighth annual guide features fund managers representing private debt and equity investments that deliver social and environmental impact as well as financial returns. This represents the second year in a row that Capital Impact has been named to the IA 50.
This recognition follows the recent announcement that Capital Impact reached the milestone of selling $100 million in ‘AA-’* rated fixed-income Capital Impact Investment Notes (Notes), which allow retail and institutional investors the opportunity to invest in the organization’s nationwide efforts to create social impact for underserved communities. Available for as low as $1,000, individual and institutional investors can purchase Notes through their brokerage accounts and earn a financial, as well as a social, return on their investments.
“We are honored to have been selected for the IA 50 Impact Investment Fund Showcase two years in a row,” said Natalie Gunn, Chief Financial Officer and Chief Administrative Officer for Capital Impact Partners. “This platform allows us to create transformational change in partnership with investors, working alongside our communities across the country to overcome the barriers to success and build the future that they deserve.”
The IA 50 is the first publicly available online database for impact investors, family offices, financial advisors, and institutional investors. The eighth annual list features a diversified listing of 50 private capital fund managers that deliver social and environmental impact as well as financial returns. IA 50 users can sort and filter across a range of asset classes (debt, private equity, and real assets), geographies, size of funds, themes and more.
The IA 50 2019 saw a record number of private debt and equity fund manager applications. Managers who met the IA 50’s in-depth review criteria manage an estimated $28.5 billion in assets devoted to creating measurable, positive impact.
“This year’s IA 50 highlights a diverse and tested group of fund managers that are delivering environmental and social impact as well as solid investment returns,” said Jed Emerson, ImpactAssets Senior Fellow, and IA 50 Review Committee Chair. “Whether you are just starting your impact investing journey or are a veteran impact investor, the IA 50 is a trusted database to help investors identify experienced impact investment firms and explore the landscape of potential investment options.”
Capital Impact will use proceeds from the Capital Impact Investment Notes primarily to support projects focused in the health care, education, affordable housing, and community development sectors in underserved communities nationwide. These efforts are part of Capital Impact’s work to foster good health, job creation, and economic development. Examples of Capital Impact’s work can be seen in this video.
The Notes are available at fixed interest rates with maturities that range from 1-10 years through Incapital LLC, a leading underwriter and distributor of securities. The Prospectus, Pricing Supplements and information about how to invest are available to the public on Capital Impact’s website and to financial professionals through Incapital’s Legacy™ platform, which offers products to investors that align financial goals with personal principles through values-based investing.
Capital Impact’s work as a social change organization is reinforced by its strong financial performance. In January 2017, the organization was one of the first CDFIs to earn an issuer credit rating from S&P Global. That “AA issuer credit rating with stable outlook” recognized Capital Impact’s strong asset quality and liquidity, minimal risk profile, and consistent growth in loans and assets. Further details of Capital Impact’s financial highlights can be found online at www.capitalimpact.org/invest/capital-impact-investment-notes-terms-highlights.
This year’s showcase, which includes funds based in the United States, Africa, Europe and Latin America, highlights the increasingly diverse opportunities for investors to help create social value across the globe. Fund managers represent a breadth of asset classes, ranging from real assets like forestry and farmland, to private thematic debt and microfinance, to private early and growth stage equity in U.S. and emerging markets.
The list demonstrates an increased thematic focus on education, clean technology, alternative energy and climate change and affordable housing and community development. Fund managers continue to focus as well on microfinance, global health, sustainable agriculture, natural resources and conservation, nutrition, health and wellness, small and medium business development, racial equity and water and sanitation.
“As impact investing continues its inexorable rise, it is critical to provide investors with a curated, objective evaluation of impact fund managers,” said Jennifer Kenning, CEO and Co-Founder of Align Impact, and IA 50 Senior Investment Advisor. “The IA 50 is built to filter out the noise that is growing louder in impact investing and help investors focus on deep, meaningful impact.”
In addition to Emerson and Kenning, the IA 50 Review Committee is comprised of impact investment experts and leaders, including Karl “Charly” Kleissner, Co-Founder of Toniic and KL Felicitas Foundation; Kathy Leonard, Senior Vice President, Investments and Senior Portfolio Manager for UBS; Stephanie Cohn Rupp, Managing Director, and Partner, Tiedemann Wealth Management; Fran Seegull, Executive Director, U.S. Impact Investing Alliance, Ford Foundation; Liesel Pritzker Simmons and Ian Simmons, Co-Founders of Blue Haven Initiative and Matthew Weatherley-White, Co-Founder and Managing Director of The CAPROCK Group.
“ImpactAssets is focused on fostering deep impact investing with innovative investment solutions, resources and education,” said Margret Trilli, President and Chief Investment Officer at ImpactAssets. “The IA 50 is a cornerstone of our efforts to help investors gain access to the resources they need in order to help double the impact of their capital.”
The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. It is not a replacement for due diligence. In order to be considered for the IA 50 2019, fund managers needed to have at least $10 million in assets under management, more than 3 years of experience as a firm with impact investing, documented social and/or environmental impact and be available for U.S. investment. Additional details on the selection process are here.
About Capital Impact Partners
Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. We champion social and economic justice for underserved communities to foster good health, economic opportunity, and interconnectedness. Through mission-driven lending, incubating social impact programs, impact investing, and policy reform we partner with local communities to create equitable access to health care and education, healthy foods, affordable housing, and dignified aging for those most in need. We have disbursed more than $2.5 billion to revitalize communities over the past 35 years. Our leadership in delivering financial and social impact has resulted in Capital Impact earning a “AA-” rating from S&P Global and being recognized by Aeris since 2005 for our performance. Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Detroit, MI, and Oakland, CA. Learn more at www.capitalimpact.org.
About ImpactAssets
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments delivering financial, social and environmental returns. ImpactAssets’ donor advised fund (“The Giving Fund”) and field-building initiatives enable philanthropists, other asset owners and their wealth advisors to advance social or environmental change through impact investment and philanthropy.
About the ImpactAssets 50
The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. These 50 firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes.
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