Capital Impact Partners Named to ImpactAssets 7th Annual IA 50 Impact Investment Fund Showcase
Free Online Database Connects Investors to Fund Managers that Deliver Social, Environmental, and Financial Returns
Arlington, VA (March 6, 2018) – Capital Impact Partners, a leading mission-driven Community Development Financial Institution, announced today that it has been named to ImpactAssets 2017-2018 impact investing showcase, the ImpactAssets 50 (IA 50). The seventh annual guide features fund managers representing private debt and equity investments that deliver social and environmental impact as well as financial returns.
The organization was also inducted as a new member to the Forum for Sustainable and Responsible Investment (US SIF). US SIF is the leading voice advancing sustainable, responsible and impact investing across all asset classes.
This recognition follows Capital Impact’s October 2017 launch of its $100 million ‘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. To date, more than $50 million of the Notes have been purchased by investors across the United States.
“We are incredibly honored to be listed on the IA50 Impact Investment Fund Showcase and to become a member of the US SIF,” said Natalie Gunn, Chief Financial Officer and Chief Administrative Officer for Capital Impact Partners. “This increased visibility will help us spread awareness to large and small investors alike about how they can invest in our efforts to create social impact for those most in need while also earning a return on that investment.”
The IA 50 is the only free, public, searchable database of outstanding impact investing fund managers. 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, private thematic debt and microfinance, to private early and growth stage equity in U.S. and emerging markets.
“As impact investing grows exponentially, the IA 50 has remained a leading and trusted resource for impact investors of all experience levels,” said Jed Emerson, ImpactAssets Senior Fellow, and IA 50 Review Committee Chair. “Our consistent and objective evaluation of impact fund managers is providing financial advisors and their clients with a starting place to make informed investment decisions. And we are helping to catalyze the growth of impact investing by creating a centralized information source in a fragmented field.”
Capital Impact will use proceeds from the Capital Impact Investment Notes primarily to support projects focused in the healthcare, 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 press release is not an offer to sell or a solicitation of an offer to buy any securities. Such an offer is made only by means of a current Prospectus (including any applicable Pricing Supplement) for each of the respective Notes. Such offers may be directed only to investors in jurisdictions in which the Notes are eligible for sale. Investors in such states should obtain a current Prospectus by visiting www.capitalimpact.org/invest/capital-impact-investment-notes. Investors are urged to review the current Prospectus before making any investment decision. No state or federal securities regulators have passed on or endorsed the merits of the offering of notes. Any representation to the contrary is unlawful. The notes will not be insured or guaranteed by the FDIC, SIPC or other governmental agency. As of the date hereof, the Notes will be offered for sale in all 50 states and the District of Columbia, excluding the States of Arkansas and Washington and the Commonwealth of Pennsylvania.
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 2017-18, fund managers needed to have at least $10M in assets under management, more than 3 years of experience as a firm with impact investing and documented social and/or environmental impact, as well as accept investment from U.S.-based investors. Additional details on the selection process are here.
*S&P Global assigned a long-term issue credit rating of AA to the Notes on September 7, 2017. Please check the Pricing Supplement at the link above for the S&P credit rating assigned to Notes currently being offered for sale. An S&P credit rating is not a recommendation to buy, sell or hold Notes and may be subject to suspension, reduction or withdrawal at any time by S&P.
About Capital Impact Partners: Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. We deliver strategic financing, incubate new social programs, and provide capacity-building to help ensure that low-to-moderate-income individuals have access to quality health care and education, healthy foods, affordable housing, and the ability to age with dignity. A non-profit community development financial institution, Capital Impact Partners has 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 “AA” 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 that deliver 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 investment.
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.