Iroquois Valley named to the IA 50 for the eleventh consecutive year
In partnership with the ImpactAssets Press Release – BETHESDA, MARYLAND – March 14th, 2023
ImpactAssets’ Twelfth IA 50 Impact Fund List Showcases 163 Fund Managers and $122 Billion in Assets Under Management
Iroquois Valley is honored to be named an Emeritus Manager by ImpactAssets in its annual Impact Assets (IA 50). The IA 50 is a free, publicly available, searchable database of impact investment fund managers for impact investors, family offices, corporations, foundations, and institutional investors. In its twelfth year, the IA 50 continues to raise awareness of impact fund managers across impact areas, maturity, and geography, serving as a basis for deepening understanding of the field. A record 163 impact fund managers were included totaling $122.48 billion in assets, invested across a range of asset classes and impact themes.
“This year’s IA 50 showcase is a watershed, as the industry continues to allocate more investable assets into social and environmental solutions with both time-tested strategies and creative, new approaches. Established funds continue to impress, while new funds are bringing fresh approaches and insights that move the needle in critical areas through impact investing.”Jed Emerson, ImpactAssets Senior Fellow, IA 50 Review Committee Chair, and Chief Impact Officer at AlTi global
A Few Takeaways from This Year’s IA 50
While many investors see impact investing as the “next new thing,” this year’s IA 50 highlights the long roots and deep experience of an industry focused on making measurable, beneficial social or environmental impact alongside a financial return. More than four in ten (43%) IA 50 2023 fund managers have been managing assets for more than 10 years, and nine fund managers have been selected in all 12 IA 50 showcases.
Investment Themes and SDGs
A quarter (25%) of IA 50 managers across all three lists focused on clean technology, alternative energy, and climate change, making it the top impact theme. Microfinance, low-income financial services, and micro-insurance (12%) comprised the second-largest impact focus. The most represented UN Sustainable Development Goals cited by fund managers included Decent Work and Economic Growth (20%), Climate Action (17%), No Poverty (12%), and Reduced Inequality (11%).
Increased Diversity & Representation
IA 50 fund managers embrace diversity in contrast to the asset management industry as a whole — asset managers who are women, Black, Indigenous, or People of Color manage just 1.4 percent of $82.2 trillion in U.S. assets. Nearly half (48%) of fund managers reported their investment teams are 50% or more People of Color; 43% reported investment teams with 50% or more women. Similarly, 37% of fund managers reported their senior management is 50% or more women, while 35% said senior management is 50% or more People of Color.
Impact Doesn’t Mean Financial Sacrifice
A total of 76% of IA 50 managers target market rates or above market rates of return, and 98% reported delivering either in line or above their initial target returns.
“What makes the IA 50 so special is its independent Review Committee, comprised of a diverse mix of industry veterans, expert practitioners, and impact champions. Throughout the IA 50’s 12-year tenure, we have honed a rigorous application, analysis, and scoring process to support the Review Committee in selecting interesting fund managers for the IA 50 directory. In doing so, the IA 50 has become a staple resource for investors to source impact investment ideas to consider for their own due diligence.”Margret Trilli, CEO and Chief Investment Officer at ImpactAssets
Iroquois Valley is proud to be named an Emeritus Manager as a company selected for the IA 50 every year since 2012. This distinction reflects our ongoing commitment to creating and reporting on the positive impacts we make through our investments.
About the ImpactAssets 50
The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for donors and/or investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment opportunities. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. Firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors, and asset classes.
The IA 50 is not an index or investable platform and does not constitute an offering or solicitation to buy or sell securities or a private placement, or recommend specific products. Nor is this an endorsement of any of the listed fund managers. It is not a replacement for due diligence. To be considered for the IA 50 2023, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact, and be available for US investment. Additional details on the selection process are available here.
The IA 50 Emerging Impact Managers list is intended to spotlight newer fund managers to watch that demonstrate potential to create meaningful impact. Criteria such as minimum track record or minimum assets under management may not be applicable.
The IA 50 Emeritus Impact Managers list illuminates impact fund managers who have achieved consistent recognition on the IA 50.