ImpactAlpha, Sept. 1 – Here’s a solid example of a 10x response: Total impact investments by clients of San Francisco-based ImpactAssets increased tenfold to $170 million in the first six months of 2020.
In the first half of last year, ImpactAssets clients deployed about $17.5 million in private mission-driven businesses and impact funds. “Our clients have stepped up with a profound commitment to support critical solutions to the pandemic and provide essential financial support for vulnerable communities, small businesses and impact entrepreneurs,” said ImpactAssets’ Margret Trilli.
While the firm has added new clients, including some large ones, Amy Bennett told ImpactAlpha, the uptake is “mostly about our current clients stepping up.“ Clients of ImpactAssets provided another $82 million grants, up from $20 million last year.
- COVID critical. Capital is flowing to funds and firms providing finance in local communities, including The Working World/Seed Commons and Hope Enterprises; ford security, such as One Acre Fund and Komaza; racial justice, like CNote, Employment Technology Fund and Impact America Fund; and COVID testing and treatment, including Geneticure and Hawthorne Effect.