Impact Investing Showcase Features Fund Managers that Deliver Social, Environmental and Financial Returns
Philadelphia, October 21, 2014 – The Reinvestment Fund (TRF) has been selected for the ImpactAssets 50 2014 (IA 50), a free, online resource for impact investors and their advisors. The IA 50, now in its fourth year, is the first publicly available database of private debt and equity impact investment fund managers.
“We are honored to be part of this esteemed list of impact investment fund managers,” said Don Hinkle-Brown, TRF’s chief executive officer. “Impact investment is all we do and what we have done for close to 30 years as a mission-motivated fund manager. As we grow and expand our efforts, we are delighted to be recognized and welcome others to learn more about our work and join us in helping build a stronger, healthier America.”
A nonprofit Community Development Financial Institution, TRF uses its capital to support high-impact projects that bring access and opportunity to low-income communities. Its capital comes from over 850 investors including individuals, foundations, religious institutions, banks and government.
TRF’s investments support projects that range from affordable housing and early childhood education to healthy food access and energy efficient retrofits. Since its inception in 1985, TRF has made $1.4 billion in community investments. These investments have helped create or preserve 677 businesses, 20,400 homes, education facilities serving over 48,000 children, 136 healthy food access projects, community health centers that serve 356,000 patient visits, 64,200 jobs and 13.3 million square feet of commercial space. TRF’s investments have also helped create or conserve 5.8 million MWh of energy—enough to power more than 610,227 homes for a year. To understand the impact of its work in context, TRF also geocodes each investment and loads it into its PolicyMap platform, which includes 15,000 data indicators ranging from income to health.
The ImpactAssets 50 is the only free, public, searchable database of outstanding impact investing fund managers. The showcase includes a range of funds across the globe, spanning diverse issue areas and investment, with demonstrated and compelling social and environmental impact. Fund managers included in the IA 50 2014 manage a combined $15.5 billion in assets devoted to creating measurable, positive impact.
The IA 50 selection committee is chaired by ImpactAssets’ Chief Impact Strategist, Jed Emerson, and includes experts from The CAPROCK Group, Labrador Ventures, Toniic, UBS, and other leading impact investors.
The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. It is a not a replacement for due diligence. In order to be considered for the IA 50 2014, 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 and documented social and/or environmental impact. Additional details on the selection process are here: http://www.impactassets.org/impactassets-50/review-and-criteria.
About The Reinvestment Fund
The Reinvestment Fund (TRF) is a national leader in rebuilding America’s distressed towns and cities and does this work through the innovative use of capital and information. TRF has made $1.38 billion in community investments since 1985. As a CDFI, TRF finances projects related to housing, community facilities, food access, commercial real estate, and energy efficiency. It also provides public-policy expertise by helping clients create practical solutions and by sharing data and analyses via www.PolicyMap.com. To learn more about TRF, visit trfund.com. Follow us on Twitter @trfund or Facebook at facebook.com/TRFund.
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”), impact investment notes, and field building initiatives enable philanthropists, other asset owners, and their wealth advisors to advance social or environmental change through investment.