The 13th annual list reflects impact investing industry maturation with the most diverse applicant pool in IA 50 history.

VANCOUVER, BC, March 12, 2024 For the fifth consecutive year, Deetken Impact funds have been included in the annual ImpactAssets 50 list of impact investment fund managers. 

With the 13th edition released today, the ImpactAssets 50™️ (IA 50) 2024 is designed to offer a simple way to identify experienced and emerging impact investment firms and explore the landscape of potential investment opportunities across diverse impact areas, asset classes and sizes, and geographies. This year’s list is composed of 155 impact fund managers selected from an unprecedented 343 applications, a submission volume that is 15% higher than last year. This growth signals increased interest in the IA 50, alongside expansion and maturation of the impact investing industry at large. The increasing traction also points to a broader shift that embraces impact investing’s critical role in shaping a sustainable future.

“We’re delighted to be recognized as part of the 2024 IA50 impact managers for our investing approach that successfully balances social, environmental and gender equity objectives with financial returns. We’re encouraged by the increased focus on climate investments this year, and we reaffirm our commitment to carry on our approach not only to invest in the clean energy transition but to support businesses and communities to adapt to the effects of climate change in an inclusive and equitable way.”

Magali Lamyin

Managing Partner, Deetken Impact

The IA 50 includes three distinct categories based on manager experience: the IA 50, IA 50 Emerging Impact Managers, and IA 50 Emeritus Impact Managers. That diversity of experience makes the list a testament to more recently established, ascending managers as well as the deeply experienced pioneers who have consistently maintained a focus on impactful investments and a commitment to driving social and environmental progress. Among the firms recognized this year, nine have been included on every year’s database since its inception in 2011.

“As we celebrate the 13th anniversary of the IA 50, we are witnessing a pivotal shift in finance more broadly: Impact investing is catalyzing a fundamental reorientation of capital that is attuned to the urgent social and environmental challenges we face globally. The IA 50 2024 is a testament to the industry’s commitment to harnessing the power of capital for good and a preview of the more systemic integration of impact considerations we can expect in the future.”

Jed Emerson

Senior Fellow & IA 50 Review Committee Chair, ImpactAssets

Key highlights of the IA 50 2024 include: 

  • Diverse Fund Leadership: This year’s IA 50 features the most diverse applicant pool ever, with a substantial 60% of applicants boasting investment teams composed of over 50% women and/or people of color. This growth in diversity within leadership positions outpaces previous years, with Emerging Impact Manager applicants leading at 72%, ahead of the core list at 53%, and Emeritus Impact Manager applicants at 46%.
  • No Trade-Off on Financial Returns: This year’s IA 50 fund manager data dispels the myth of a trade-off between financial returns and social good. The majority of IA 50 managers target market rate (43%) and above market rate (31%) returns, proving that impact outcomes do not have to compromise financial outcomes. The performance data is equally telling, with 79% of IA 50 managers meeting their finance return target and 21% surpassing them. This compelling data illustrates that the cadre of IA 50 managers are meeting and exceeding financial benchmarks, while driving forward their impactful missions.

  • Climate Investment Focus: Impact investors are driving progress against the climate crisis, with 39% identifying environmental impact as their primary investment theme. One quarter (25%) of IA 50 managers focus on clean technology, alternative energy and climate change, making that focus this year’s most represented impact theme.
  • Bridging Equity Gaps for Diverse Beneficiaries: The IA 50 reveals that gender, racial and economic diversity are a focus area for fund managers. One fifth (20%) of IA 50 managers invest in financial inclusion via microfinance, SME finance and/or CDFIs, which are instrumental in narrowing the equity gap by providing critical financial services to marginalized communities. Many IA 50 managers are prominently aligned with key Sustainable Development Goals, targeting, among others, No Poverty (12%), Reduced Inequality (13%) and Decent Work and Economic Growth (19%). The concentrated efforts to elevate traditionally marginalized groups – including an emphasis on supporting underserved communities – affirms the industry’s dedication to a more equitable and just society. 

“The IA 50 has become a trusted resource in the industry, not only for its comprehensive listing but also for its rigorous selection process managed by a diverse and expert review committee. The record number of applications this year reflects the growth and maturation of impact investing in the global financial landscape.”

Sandra Osborne Kartt

CFA, Deputy Chief Investment Officer, ImpactAssets Capital Partners

“Year after year, the IA 50 stands as an essential guide for everyone in the financial ecosystem — from individual investors to global corporations — enabling them to discover and engage at the forefront of impact investing. The database encapsulates the pulse of the industry, providing a snapshot of the firms poised to make a significant difference through their investments.”

Malaika Maphalala

CPWA®, IA 50 Review Committee Member, and Wealth Advisor and Trust Steward, Natural Investments PBLLC

In addition to Jed Emerson and Malaika Maphalala, the ImpactAssets IA 50 Review Committee includes a distinguished group of investors, managers and practitioners who are recognized as trailblazers and authoritative experts in the field. The IA 50 Review Committee includes: Andrew Lee, Managing Director, Global Head of Sustainable and Impact Investing, UBS Global Wealth Management; Christina Leijonhufvud, CEO, BlueMark and Co-Founder, Tideline; Cynthia Muller, Director of Mission Investment, W.K. Kellogg Foundation; Jennifer Kenning, CEO & Co-Founder, Align Impact; Justina Lai,  Chief Impact Officer and Shareholder, Laird Norton Wetherby; Karl “Charly” Kleissner, Ph.D., Co-Founder of Toniic and KL Felicitas Foundation; Kate Starr, Co-Founder and Chief Investment Officer, Flat World Partners; Lauren Booker Allen, Partner, Head of Impact Advisory, Jordan Park; Liesel Pritzker Simmons, Co-Founder and Principal of Blue Haven Initiative; Margret Trilli, CEO and Chief Investment Officer, ImpactAssets; Mark Berryman, Managing Director of Impact Investing, The CAPROCK Group; Rehana Nathoo, Founder & CEO, Spectrum Impact; Ronald A. Homer, Chief Strategist, Impact Investing, RBC Global Asset Management (US) Inc.; and Stephanie Cohn Rupp, CEO and Partner, Veris Wealth Partners. The application analysis and manager review for the IA 50 is led by ImpactAssets Capital Partners.


About Deetken Impact:

Deetken Impact is a Canadian registered impact asset manager focused on delivering strong, stable returns to investors by supporting businesses that make a meaningful contribution to the Sustainable Development Goals in Latin America and the Caribbean. Together with its joint venture partners, Deetken Impact Sustainable Energy and Deetken Impact Alternative Finance, Deetken Impact manages US$145 million in assets across five funds with a diverse team of seasoned investment professionals based in Canada, Mexico and Central America. Together they have been an Impact Assets 50 Manager since 2020.

About the ImpactAssets 50:

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. 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 2024, 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 U.S. 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. 

About ImpactAssets:

ImpactAssets is an impact investing trailblazer dedicated to changing the trajectory of the planet’s future and improving the lives of all people. As a leading impact investing firm, ImpactAssets offers deep strategic expertise to help its clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with its clients through its impact investment platform, philanthropic solutions, and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. ImpactAssets has more than $3 billion in assets, working with purpose-driven individuals and their wealth managers, family offices, foundations, and corporations. ImpactAssets is an independent 501(c)(3) organization.

About ImpactAssets Capital Partners:

ImpactAssets Capital Partners PB LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. ImpactAssets Capital Partners is a public-benefit LLC fully owned by ImpactAssets.  ImpactAssets Capital Partners was created to bring the ImpactAssets platform and customized investment services to institutional investors.  

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