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The Brief | June 24, 2026
ImpactAlpha LP/GP: SpaceX, Anthropic IPOs set to unlock billions in liquidity for impact LPs

Greetings, Agents of Impact!  🚀 Get the ImpactAlpha Edge. Better visibility lowers the cost of action. ImpactAlpha’s new intelligence platform maps more than …

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🟢 Live on Edge: Impact in IPOs

Heading for the exits. DBL Partners and Capricorn Investment Group were early investors in SpaceX and Tesla, while Breakthrough Energy Ventures, Elemental Impact, Capricorn, Congruent Ventures, DCVC and Prelude Ventures invested in geothermal power company Fervo. 

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Dealflow: Nature-Based Solutions

Danone-backed Livelihoods lands €124 million for its fourth nature-based fund. French food giant Danone rallied a raft of other companies with net-zero targets to launch the Livelihoods Carbon Fund in 2011. The investment strategy drew support from Schneider Electric, Crédit Agricole, Michelin, Hermès, SAP, Groupe Caisse des Dépôts, La Poste, Firmenich and Voyageurs du Monde to invest in nature restoration, agroforestry, rural energy projects and farmer livelihoods in Africa, Latin America and Asia. For many of the companies, the initiative also directly supports resilience in their supply chains. Livelihoods is now out with its fourth fund, securing €124 million ($141 million) of its €150 million goal. The organization is scaling up the scope of the projects with the goal of impacting 500,000 people and sequestering up to 10 million tons of CO2 over a span of 25 years (see related, "Investors learn to design nature-based investments around natural cycles"). Success, Livelihoods’ Eric Soubeiran told ImpactAlpha, “means demonstrating that nature-based solutions can deliver multiple outcomes simultaneously: climate mitigation, ecosystem restoration and rural development.”

Impact Voices: Good Governance

How external voices strengthen mission-aligned endowments. For foundations trying to align their endowments with their missions, governance matters as much as good intentions. That’s why Builders Vision Foundation recruited members from outside of the organization to its investment committee as it worked to align its $3 billion endowment to its mission. “As our work evolved, we saw real value in bringing in additional practitioners and field experts with deep experience across philanthropy, investing and adjacent sectors,” writes Builders Vision’s Danielle Reed in a guest post. Rather than treating governance as a "static structure," she continues, "we approached it as a strategic lever – one that could expand our thinking, challenge our assumptions and ultimately strengthen outcomes." Today more than 90% of the endowment is mission-aligned while meeting Builders' target of market-rate returns, Reed says.

Agents of Impact: Follow the Talent

The Ford Foundation elects Ursula Burns, former CEO of Xerox Corporation, as board chair – the first Black woman to hold the position in the foundation’s 90-year history. She succeeds Francisco Cigarroa… Boston Ujima Project welcomes Renee Hatcher of the University of Illinois Chicago’s School of Law as a solidarity economy law fellow… OwnersEdge, an employee-owned ESOP holding company, names Robert Dillon as CEO, following the retirement of co-CEO Christine Adee.

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