Financial advisors with clients invested in or interested in direct impact investments can access the latest ImpactAssets 50 online database of 50 private capital fund managers specializing in social and environmental impact investments.
Managers included in the list must have over three years of experience in impact investing, at least $10 million in assets under management, accept U.S. investments, and manage assets that are recoverable, among other criteria.
The IA 50 2019 collectively manage an estimated $28.5 billion in assets. They include six managers with an AUM six with an AUM of $10-$50 million, and the remainder with assets from $100 million to just under $1 billion.
Most of the managers invest in private equity and/or private debt, including absolute return notes, but some also invest in commodities and real estate. Two-thirds of the IA 50 have been operating for more than 10 years and nearly nine in 10 report that women and/or minorities account for 25% or more of their investment professionals.
Most important for many advisors, more than 75% of the managers target gains equal or greater than market returns and 94% have either met or exceeded their initial target returns.