Fund Criteria

	
		Early-Stage
         
		Late-Stage
	
		  Stage
	    	
Typically investing in underlying companies at the Series A stage or later

Typically investing in underlying companies at Series B stage or later, including minority or majority stakes (buyout)

		  Investment Size
		    
$3M-$5M

$5M-$15M

		  Sector
          
Any sector is eligible so long as there is a clear impact thesis and reporting aligned with one of our three impact themes. The impact thesis must be aligned with how the firm makes money.

		  Geography
          
Most firms we invest in are based in the US, but we are willing to consider funds located and investing anywhere in the world

We are committed to building the impact investing ecosystem by investing in firms who are deep and authentic about impact - we are willing to consider first-time funds as well as participate in first closes. We also invest in co-investments with fund managers, both pre- and post-fund launch.

Our team will endeavor to add value from the moment we meet you, beginning with transparent feedback and deep engagement on impact measurement & management, fundraising, and operations/strategy.

Every portfolio fund must be willing to participate in our impact diligence process, sign an impact side letter, and report impact metrics to us on an ongoing basis.

WHAT WE DO NOT INVEST IN:

Open-ended fund structures
Corporate venture capital funds
Single-LP funds
Funds with target sizes below $50M in total commitments

If you meet our requirements listed above, please email your overview for our team to review.

Explore our existing portfolio of fund investments.