We are pleased to announce the closure of our inaugural fund in partnership with Bernstein Private Wealth Management. The Bernstein Impact Alternatives 2022 Fund closed with more than $55 million in commitments in the 4th Quarter of 2022. This brings our total assets under management north of $200 million. Read more...
This month Impact Engine was selected for the ImpactAssets 50, making 2023 our fifth year in a row! The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options.
Impact Engine CEO Jessica Droste Yagan writes: Smaller, more entrepreneurial firms can move quickly and set the bar for the industry, redefining what is possible and giving customers other, better options - both directly and also indirectly through the pressure they create at their more established competitors.
At Impact Engine, we are working hard to set the bar for the asset management industry by demonstrating that impact authenticity with institutional scale and quality is possible.
Impact Engine Partner Tasha Seitz spoke to FIN News about the recent collapse of Silicon Valley Bank and the lessons our industry needs to draw from it looking forward. “It’s really important to be diversified in your banking relationships,” she notes.
Impact Engine Chief Investment Officer Priya Parrish joined the Impact Alpha Podcast to discuss how to scale purpose built impact (Spotify link). "There's a difference between a purpose built investment fund and purpose driven," she says. "It's very different when the entire firm has a real intention and accountability around purpose and impact in everything they do, versus just saying that's a mandate of this product and this fund.
It’s clear that financial wellness is becoming a table-stakes benefit, and the current offerings are no longer enough. Only 22% of Americans feel that they are ‘financially well’.
LearnLux is a workplace financial wellbeing provider that blends fiduciary digital planning with access to one-on-one guidance from Certified Financial Planner™ (CFP) professionals.
BookNook, the comprehensive literacy intervention program, welcomed Brad Baumgartner as its new CEO. As the former General Manager of Learnosity, Baumgartner will bring more than two decades of experience in education industry leadership to drive a new chapter of strategic growth for the company as it expands.
Candidly, the student debt and savings optimization platform, announced the closure of its $20.5 million Series B led by Altos Ventures, with follow-on participation from Cercano Management. "This round of financing enables us to better respond to this massive market need," Founder and CEO Laurel Taylor says, "translating smart policy into practical solutions that will impact the financial wellbeing of millions of Americans.”
Full Harvest, the online marketplace for surplus and imperfect produce, was featured on the cover of Newsweek Magazine's March 24 edition. CEO and Founder Christine Moseley was profiled in their story "How These Five Female Founders Are Turning Passion Projects Into Profits."
Quadria Capital, the leading Asian healthcare focused PE firm (in whose funds we have invested), has received the jury award for Outstanding Action for Gender Diversity by India's leading PE+VC association. Quadria's head of Impact & ESG Shivani Sahai says "This award is a testament to our firm's commitment to promoting gender equality and ensuring opportunities for all."
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