Impact Investing Showcase Features Fund Managers that Deliver Social, Environmental and Financial Returns
Philadelphia, October 21, 2015 — The Reinvestment Fund has been selected for the ImpactAssets 50 2015 (IA 50), a free, publicly available online resource for impact investors and their advisors. The IA 50, now in its fifth year, is the first publically available database of private debt and equity impact investment fund managers.
“It is possible to have investments do good and earn a financial return as proven by the many fund managers featured through this resource,” said Don Hinkle-Brown, CEO of The Reinvestment Fund. “Impact investing has been at the heart of The Reinvestment Fund’s work for three decades and we are honored to have the opportunity for the second year in a row to showcase our track record as part of the ImpactAssets 50.”
The Reinvestment Fund’s mission is to build wealth and opportunity for low-wealth people and places through the promotion of socially and environmentally responsible development. It achieves its mission by financing housing, education, jobs, health food access and businesses in in under-invested places. Since The Reinvestment Fund’s founding 30 years ago, it has supported over $1.5 billion in community investments across the country. In 2014 alone, The Reinvestment Fund provided a record $169 million in financing—the most it has ever loaned and invested in a single year. The Reinvestment Fund recently received a AA issuer credit rating from Standard & Poor’s Rating Services (S&P), a powerful recognition of its strong track record of meeting its financial commitments through the strategic investment of capital to revitalize struggling communities.
The ImpactAssets 50 is the only free, public, searchable database of outstanding impact investing fund managers. The showcase includes a range of funds spanning diverse issue areas and investment, with demonstrated and compelling social and environmental impact. Fund managers included in the IA 50 2015 manage a combined $13.6 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, Toniic, UBS and Blue Haven Initiative.
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 2015, 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 accept investments from the US. Click here for additional details on the selection process.
About The Reinvestment Fund
The Reinvestment Fund is a national leader in rebuilding America’s distressed towns and cities through the innovative use of capital and information. The Reinvestment Fund has made $1.5 billion in community investments since 1985. A community development financial institution, The Reinvestment Fund finances a variety of projects and activities including food access, health care, education and housing, to build healthy communities in under-invested places. The Reinvestment Fund also provides public policy expertise by helping clients create actionable solutions and by sharing data and analysis via www.PolicyMap.com. The Reinvestment Fund is rated AA by Standard and Poor and AAA+1 by Aeris.
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.
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