MISSION
Our mission is to bring more capital to a market where financial returns are linked to positive social and environmental impacts. We manage funds for institutions and individuals that invest in for-profit, positive-impact businesses in private markets, and we bring community together in service of building the impact investing field.
HISTORY
Impact Engine was launched in 2012 as an accelerator fund with the goal of identifying promising entrepreneurs starting businesses with the potential to drive both attractive financial returns and positive social impact. Impact Engine raised two subsequent accelerator funds in 2013 and 2014, all focused on investing in pre-seed stage companies. Across the three accelerator funds, Impact Engine invested in a portfolio of 23 companies.
Between 2015 and 2016, Impact Engine shifted its investment strategy and raised a $10 million venture fund, which invested in 22 companies. Between 2018 and 2019, we began operating as a public benefit corporation, raised a $25M second venture fund and raised a $31.5M first PE fund, allowing us to invest in impact funds for the first time.
Investor community
Our investors include institutions, family offices, foundations, and individuals who believe in investing for both financial return as well as social impact. We also provide sub-advisory services for Bernstein Private Wealth. Our goal is to help our investors learn from each other and leading-edge impact investors who deploy capital across asset classes and geographies.
SELECTED PRESS
2.27.24 Impact Engine Aims to Drive Sustainability Mainstream | Barron’s
2.27.24 Impact Engine doubles down on “purpose built” private equity with $85 million fund | ImpactAlpha
2.27.24 Impact Engine closes Fund II to bring social lens to private equity | Buyouts
2.27.24 Impact Engine raises $85 million private-equity fund | Crain’s Chicago Business
2.27.24 Impact Engine raises $85 million private equity fund | Chicago Business Journal
6.14.23 Venture Capital Managers Face New ESG Pressure from Investors | Financial Times FundFire
3.21.23 VC Space Opens Up On SVB Fallout, Concern For Specialized Banks | Fin News
3.10.23 Scaling purpose built impact with Priya Parrish | Impact Alpha Podcast
3.9.23 Eight practices to transform assets under management into resources for an inclusive and sustainable economy | Impact Alpha
3.2.23 Impact Engine Announces Close of Inaugaral Vintage in Partnership with Bernstein Private Wealth Management | Press Release
10.20.21 Impact Engine: Building the Field of Impact Investing | Better Money Better World Podcast
10.19.20 | Chicago asset manager Impact Engine adds private equity | Crain’s Chicago Business
10.19.20 | Impact Engine raises $31.5M PE fund | Chicago Inno
11.18.19 | Impact Engine Raises New $25 Million Fund | Crain’s Chicago Business
11.15.19 | Social Investor Impact Engine Closes Its Second Venture Fund | Bloomberg
2.26.19 | First look at ImpactAssets’ 2019 list of 50 impact fund managers | ImpactAlpha
Fall 2018 Issue | Investing for Impact | Babson Magazine
6.29.16 | Impact Engine closes $10 million venture fund | Crain’s Chicago Business
6.29.16 | Impact Engine closes its accelerator and launches a $10 million impact fund | TechCrunch