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ImpactAssets 50: A Global Landscape of Impact Investment Fund Managers

The ImpactAssets 50 (IA 50) is the rst open-source, publicly published database of experienced private debt and equity impact
investment fund managers.

https://www.impactassets.org/impactassets-50

Filters Used
Asset Class
Cash / Cash Alternatives
Commodities
Private Debt - Absolute Return / Notes
Public Debt

and

Total Assets
Less than $10MM
$10 – 25MM
$26 – 50MM
$51 – 99MM

Adobe Capital
Website: http://www.adobecapital.org
Total Assets Under Management: $26 – 50MM
Asset Class: Private Debt - Absolute Return / Notes, Private Equity
Primary UN Sustainable Development Goal: 8 – Decent Work & Economic Growth

Clean Technology

A ordable Housing and Community

Development

Small and Medium Business

Development

Adobe Capital is sponsored by New Ventures, the leading investment and business acceleration platform focused on supporting the
growth of small and medium sized social and environmental enterprises ("SMEs") in Mexico. In 2012, New Ventures created Adobe Capital,
LLC to invest in companies through exible nancing structures (Mezzanine debt) that could help them scale and expand... View Details

Alterfin
Website: https://www.alter n.be/en
Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes, Private Equity
Primary UN Sustainable Development Goal: 1 – No Poverty

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Fair Trade

Sustainable Agriculture

Micro nance/Low-Income Financial

Services/Micro-insurance

Alter n is one of the pioneer social investors, which was created 24 years ago under the form of a cooperative to nance Micro nance
Institutions and organizations active in Smallholder Sustainable Agriculture value chains. Alter n's goal is to improve the livelihoods and
living conditions of socially and economically disadvantaged people and communities, predominantly in rural areas... View Details

Capria Ventures LLC

Website: https://capria.vc/
Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes, Private Equity
Primary UN Sustainable Development Goal: 9 – Industrial, Innovation & Infrastructure

Education and Charter Schools

Global Health

Capria is advancing the next generation of local fund managers that invest in hundreds of small and growing businesses ("SGBs") in Africa,
Latin America and Asia. We provide these select fund managers with a unique platform for success, including senior-level partnering, a
global peer network, and tailored capital. Our growing network of fund managers focus on addressing the... View Details

Iroquois Valley Farmland REIT

Website: https://iroquoisvalley.com/
Total Assets Under Management: $51 – 99MM
Asset Class: Public Debt, Private Debt - Absolute Return / Notes, Public Equity, Private Equity
Primary UN Sustainable Development Goal: 12 – Responsible Consumption & Production

Nutrition, Health and Wellness

Natural Resources and Conservation

Sustainable Agriculture

Iroquois Valley Farmland, REIT, PBC is a restorative farmland nance company that provides leasing and mortgage funding with a focus on
the next generation of organic farmers. It was established in Delaware on 9/26/16 as a Public Bene t Corporation, whose public bene t is
enabling healthy food production, soil restoration and water quality improvement through the establishment of secure and... View Details

Living Cities, Inc.

Website: https://www.livingcities.org/
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Total Assets Under Management: $51 – 99MM
Asset Class: Public Debt, Private Debt - Absolute Return / Notes, Real Estate, Private Equity
Primary UN Sustainable Development Goal: 10 – Reduced Inequalities

A ordable Housing and Community

Development

Small and Medium Business

Development

Founded in 1991, Living Cities is an innovative, philanthropic collaborative of 18 of the world's largest foundations and nancial
institutions. Living Cities blends the collective nancial resources of its members and deploys their collective knowledge and experience to
close the racial wealth gaps for people of color living in U.S. cities through the creation of jobs, income and wealth... View Details

Medical Credit Fund

Website: https://www.medicalcreditfund.org/
Total Assets Under Management: $10 – 25MM
Asset Class: Private Debt - Absolute Return / Notes
Primary UN Sustainable Development Goal: 3 – Good Health & Well-Being

Small and Medium Business

Development

Micro nance/Low-Income Financial

Services/Micro-insurance

Global Health

Medical Credit Fund (MCF) was established by PharmAccess International as a not-for-pro t foundation under Netherlands' law in 2009.
PharmAccess, one of the pioneers of HIV/AIDS treatment in Africa, has a digital agenda dedicated to making health markets work for the
poor. It mobilizes public and private resources for the bene t of doctors and patients through loans (MCF), benchmarking... View Details

Root Capital
Website: https://rootcapital.org/
Total Assets Under Management: $51 – 99MM
Asset Class: Cash / Cash Alternatives, Private Debt - Absolute Return / Notes
Primary UN Sustainable Development Goal: 1 – No Poverty

Fair Trade

Sustainable Agriculture

Small and Medium Business

Development

Root Capital is a nonpro t with a mission to serve agricultural businesses that connect smallholder farmers to world markets. Our
approach includes lending capital, delivering nancial training, and strengthening market connections for small and growing agricultural
businesses. Over the past two decades, Root Capital has cumulatively loans more than $1.2 billion to over 680 grassroots... View Details

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SunFunder
Website: https://sunfunder.com/
Total Assets Under Management: $26 – 50MM
Asset Class: Private Debt - Absolute Return / Notes
Primary UN Sustainable Development Goal: 7 – A ordable & Clean Energy

Clean Technology

Small and Medium Business

Development

SunFunder is a specialist debt provider for beyond the grid solar projects and companies. Our team of 25 people, mainly based in East
Africa, are experts in tailoring innovative loans to scale up the impact of solar for energy access. We provide inventory, construction, and
structured asset nance loans for solar lighting, home systems, mini-grids and commercial solar projects. There are very... View Details

UNICEF USA Bridge Fund

Website: https://www.unicefusa.org/unicef-bridge-fund
Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes
Primary UN Sustainable Development Goal: 3 – Good Health & Well-Being

Education and Charter Schools

Global Health

UNICEF works in more than 190 countries, in some of the world's toughest places, to do what's best for children. It has helped save more
children's lives than any other humanitarian organization. Between 1990 and 2016 UNICEF helped save the lives of 122 million children.
With unparalleled experience and expertise in saving and improving children's lives, it is globally... View Details

WaterEquity, Inc.
Website: https://www.waterequity.org/
Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes
Primary UN Sustainable Development Goal: 6 – Clean Water & Sanitation

Water and Sanitation

Small and Medium Business

Development

Micro nance/Low-Income Financial

Services/Micro-insurance

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WaterEquity is the rst-ever impact investment manager dedicated to ending the global water crisis, with an exclusive focus on raising and
deploying capital to water and sanitation enterprises throughout Asia, Africa, and Latin America. Co-founded by social entrepreneur Gary
White and actor Matt Damon, WaterEquity combines decades of nancial and in-market experience to provide investors a... View Details

XSML Capital
Website: https://xsmlcapital.com/
Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes, Private Equity
Primary UN Sustainable Development Goal: 8 – Decent Work & Economic Growth

Small and Medium Business

Development

XSML Capital is an impact investment fund manager, operating in frontier markets in Central Africa since 2010, particularly Congo-
Brazzaville, Democratic Republic of Congo (DRC), Uganda and from 2019 on, Angola. The local teams have a wide network and abundant
international functional and industry experience and operate from o ces in Kinshasa (DRC), Kampala (Uganda) and from 2019 onwards,...
View Details

ImpactAssets 50 Terms and Conditions

Designed and Developed by Maloney Design Studio
ImpactAssets 50 Terms and Conditions
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ImpactAssets 50 does not recommend or o er speci c funds or investment products for sale, but instead should be used by interested investors as
a starting place for their own due diligence. Please contact rms directly for further information.
The IA 50 landscape builds on work rst published in an excellent resource in the eld, Solutions for Impact Investors: From Strategy to
Implementation, a monograph written by Steven Godeke and Raul Pomares and published by Rockefeller Philanthropy Advisors, 2009.
Neither ImpactAssets, Inc. [nor the Calvert Foundation] nor any person a liated with ImpactAssets, Inc. (the "IA Parties") recommends or endorses
any speci c funds or investment products and provides no investment research, advice, guidance or other advisory services. None of the IA Parties is
a registered investment advisor, a broker-dealer or a registered representative of any broker-dealer and none of them assumes any duciary duty to
any potential investor. The IA Parties disclaim all liability in respect of actions taken or based on any information contained on this website and
under no circumstances will any IA Party be liable for any loss or damage caused by any person's reliance on information obtained through this site.
Some jurisdictions may not allow the exclusion of certain implied warranties or consequential or incidental damages, so the foregoing exclusion may
not apply to you. ImpactAssets 50 is merely a collection of information provided by fund managers and rms to be used by interested persons as a
starting place for their own due diligence and analysis. It is the sole and exclusive responsibility of users of this site to evaluate the accuracy and
completeness of information provided on this site. Please contact fund managers and rms directly for further information. Please seek the advice
of your own professional advisors regarding the evaluation of any speci c investment opportunity. Inclusion in the ImpactAssets 50 is not an
endorsement or recommendation by any IA Party or a representation or warranty as to any fund, rm, manager or product and no information on
this website constitutes investment advice or recommendations as to the suitability of any product or security.
IA Parties invest funds with, engage the services of and/or maintain other business relationships with certain of the managers included in the
ImpactAssets 50, with a liates of such managers and with other similar organizations considered for but not included in the ImpactAssets 50. It is
expected that IA Parties will continue to maintain and may expand or alter these relationships, and may initiate new relationships with such entities
in the future. IA Parties do not receive any compensation or other consideration from any organization for including information about the
organization in the ImpactAssets 50.
All information provided here has been provided directly by the fund managers and their rms without veri cation by any IA Party and is provided
"as is" without warranty of any kind, express or implied. No IA Party has participated in the preparation of any of the information provided here and
the IA Parties make no representation or warranty as to the accuracy or completeness of the information. This website is for informational and
educational purposes only and no material on this website should be construed as o ers to sell securities, solicitations of o ers to buy securities or

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an o er to provide investment advisory or other services. The IA Parties reserve the right to exclude any fund or manager from the ImpactAssets 50
for any reason at any time.

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