Why We Invested in Alcanza
Clinical trial populations are often not proportionate to the populations that are affected by the disease, with minorities often vastly underrepresented in research. Alcanza, which means reach in Spanish, is focused on targeting diverse clinical trial participants and underserved markets to improve equitable representation in the clinical research space. Read more about why we invested in Alcanza.
Did you see the news?
Last week Impact Engine announced a new subadvisory relationship with Alliance Bernstein L.P. (NYSE: AB). This strategic partnership is a significant vote of confidence in our strategy of generating financial returns while driving positive outcomes.
"After searching for the right partner to grow with in this space, we are looking forward to syncing up with the team at Impact Engine to generate attractive returns for our clients through investments that can also make a real, positive impact in the world,” said Beata Kirr, Co- Head of Investment Strategies at Bernstein Private Wealth Management.
What it's like working with Impact Engine
"It's really been an outstanding partnership working with Priya [Parrish, Chief Investment Officer] and the rest of the team at Impact Engine… They had pretty deep experience in the sector. And so very quickly we invited them to join and actually chair our Impact Advisory Council.”
– Lumos Capital Group Co-Founder Victor Hu
Source: Better Money, Better World Podcast
“It’s not just a financial investment but also having investors that are really focused on making an impact, it just means that we share the same DNA, to be able to go out there with a specific mission.”
– Alcanza CEO Carlos E. Orantes
Source: Martis Capital Interview
Summer reading for impact
We've added a refreshed LEARN hub to our website where you can find lessons we've learned from 10 years of impact investing, event recaps, investing case studies, and more. Over time we'll be adding links to the most useful external resources from across the impact investing sector.
Portfolio News
The Today Show on NBC featured the Elvie Stride Plus hands-free breast pump: "These are the best of the best; this is what moms are raving about right now," says lifestyle expert Evette Rios. "What I love about it is, it allows moms to be completely mobile... get it, because it's fabulous!"
Market Wagon is partnering with Kroger (NYSE: KR) to bring a delivery-based digital farmer's market to customers in the Atlanta metropolitan area in a new pilot program featuring 1,150 local products. “Our vision has never changed. Our goal is to go national,” Market Wagon CEO Nick Carter says. “Ours is an impact-driven mission. We see the partnership with Kroger as a way to accelerate that mission.”
Vistria Group, one of our fund investments, pledged an investment of $250 million toward youth mental health services over the next three years. The announcement was timed to coincide with Surgeon General's Vivek Murthy's call to address the US mental health crisis at the 2022 Youth Mental Health Summit. The firm will partner with digital curriculum provider Edmentum and curated content provider MSI to expand their previous commitments to mental health.
Workit, the digital addiction recovery platform, won the award for Best Health and Wellness Design at San Francisco Design Week. An international team of distinguished judges selected winners for the 2022 award series from a competitive pool of applicants that also included entries from Facebook, Google, and Oracle.
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Disclaimer: These materials are intended for informational purposes only and may not be relied upon for making any investment decision. Information provided in these materials is believed to be accurate; however, Impact Engine makes no guarantees as to the accuracy of information provided. This document does not constitute an offer to sell or a solicitation to buy any securities in any fund, market sector, strategy or any other product managed by Impact Engine and may not be relied upon in connection with any offer or sale of securities. Impact Engine has not compensated any party for and is not aware of any material conflicts of interest arising from any ranking, endorsement, or testimonial referenced in these materials. Read full terms.