NEW YORK--(BUSINESS WIRE)--ImpactAssets, the impact investing leader with a decade-plus track record of mobilizing capital for good, has released its 2024 Impact Report. The report highlights how ImpactAssets made new investments in nearly 300 companies and funds and disbursed more than 14,000 grants to nonprofits in 2023 alone, channeling $520 million toward organizations that advance social and environmental progress. Last year represented a milestone for ImpactAssets, as it achieved an impressive $1 billion increase in assets under management for a total exceeding $3 billion, a testament to the firm’s position as market leaders.
With a focused mission to mobilize capital for deep and lasting impact, ImpactAssets harnesses its robust expertise and expansive capabilities to ensure that every dollar is put toward having a positive impact on the world. Throughout 2023, this holistic approach furthered ImpactAssets’ reach in deploying the full spectrum of capital for impact: from grants to market-rate private investments aimed at addressing the root causes of global crises. In response to growing interest in impact investing and in ImpactAssets’ expertise, the firm also launched ImpactAssets Capital Partners, an SEC-registered investment advisor, to better serve institutional clients. Backed by a team with more than 200 years of investment and impact experience, ImpactAssets Capital Partners specializes in private market impact investing for institutional investors and manages $1.7 billion.
The 2024 Impact Report offers a timely snapshot of impact goals and client preferences currently shaping ImpactAssets' work – showcasing that health and wellbeing, climate change and diversity, equity and inclusion are the top impact themes represented in the firm’s private investment portfolio.
This report also highlights ImpactAssets' intentional strategies to drive progress on the most critical global challenges of our time. Last year, the firm launched three new thematic impact funds, which aim to drive transformative impact and ignite systemic shifts on the pressing global challenges of climate, racial equity, and gender equality. The funds quickly garnered an enthusiastic response, amassing and deploying $70 million in their first year alone. Built on ImpactAssets’ in-depth research and trusted expertise in generating positive impact through private market investment, the proprietary impact funds offer clients of ImpactAssets’ Donor Advised Fund a way to access diversified impact funds focused on filling critical funding gaps on high-priority impact themes.
“As the urgency of the challenges facing our planet and its people deepen, so too does our resolve to meet these challenges head-on,” said ImpactAssets CEO and Chief Investment Officer Margret Trilli. “Our 2024 Impact Report showcases how we’re not just investing in short-term solutions — we’re driving systemic change in the areas that matter most. By directing capital where it’s urgently needed, we’re making sure that no community is left behind in the fight for a sustainable and equitable future.”
Other key highlights in the 2024 Impact Report include:
- Portfolio Growth: As of 2023, ImpactAssets had made more than 1,300 private impact investments spanning all 50 states, 139 countries and 30 tribal nations, with $1.4 billion invested in private companies and funds.
- Supporting Underrepresented Leaders: 50% of ImpactAssets’ private investment portfolio dollars are invested in companies and funds led by a person of color, and 22% are invested in women-led companies and funds.
- IA 50 Field Building: ImpactAssets continued to contribute to the growth and maturation of the impact investing industry through its annual ImpactAssets 50 Fund Manager Showcase (IA 50), the free, publicly available, searchable database of global impact fund managers. The 2024 IA 50 list showcased 155 fund managers overseeing more than $97 billion in assets under management.
The report also captures the start of ImpactAssets’ partnership with the Justice Climate Fund (JCF). JCF is a first-of-its-kind coalition representing more than 1,000 CDFIs, green banks and multiple other impact investing organizations dedicated to ensuring that communities most affected by climate change benefit directly from the federal Greenhouse Gas Reduction Fund program. The U.S. Environmental Protection Agency (EPA) awarded JCF approximately $1 billion to scale green lending initiatives in low income and disadvantaged communities—an investment that underscores the value of public-private partnerships to drive broad, unified climate action.
“Our clients, investees, and partners are the backbone of our impact and we continue to be inspired by their collective commitment to driving positive global change,” said Dana Cotter, Managing Director of Impact at ImpactAssets. “Our achievements this year, against a backdrop of rising global temperatures and deep inequality, demonstrate that our work mobilizing capital for real-world impact alongside public and private partners is more crucial than ever. We’re not just keeping pace with the industry — our goal is to set the pace, driving progress forward with purpose and precision.”
About ImpactAssets:
ImpactAssets is an impact investing trailblazer dedicated to changing the trajectory of the planet’s future and improving the lives of all people. As a leading impact investing firm, ImpactAssets offers deep strategic expertise to help its clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with its clients through its impact investment platform, philanthropic solutions, and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. ImpactAssets has more than $3 billion in assets, working with purpose-driven individuals and their wealth managers, family offices, foundations, and corporations. ImpactAssets is an independent 501(c)(3) organization.
