NEW YORK , Oct. 2, 2012 /PRNewswire-iReach/ -- The Living Cities Catalyst Fund has been selected for the ImpactAssets 50 2012 ("The IA 50 2012"), an open-source, publicly published database of experienced private debt and equity impact investment fund managers. The ImpactAssets 50 2012 is a resource for advisors and investors seeking to respond to the growing demand for investment opportunities that deliver both financial and social or environmental returns, and is now available at http://www.impactassets.org/impactassets-50. This is the second consecutive year that the Catalyst Fund has been selected for the ImpactAssets 50.
This annually updated list is a gateway into the world of impact investing for investors and their wealth advisors, offering an easy way to identify experienced impact investment firms and explore potential investment options. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today; the IA 50 2012 represents $10.2 billion of capital invested across geographies, sectors, asset classes and impact areas such as community development, microfinance and clean technology.
A Selection Committee chaired by ImpactAssets' Chief Strategist, Jed Emerson, and comprising industry experts selects firms according a set of criteria developed to ensure that the list includes a diverse set of firms. Criteria for inclusion include firms that: have more than three years of experience in the impact investing field; invest through private debt or equity; and a demonstrate commitment to social and environmental impact at the portfolio level and corporate responsibility at the firm level.
"We are excited to be recognized as an ImpactAssets 50 fund for the second year in a row. The Living Cities Catalyst Fund is critical component in advancing Living Cities comprehensive agenda focused on changing the systems impacting low income communities and the flow of capital into under-served domestic markets," said Living Cities CEO Ben Hecht.
About Living Cities
Founded in 1991, Living Cities is an innovative philanthropic collaborative of 22 of the world's largest foundations and financial institutions. Living Cities blends the collective financial resources of its members and deploys their collective knowledge and experience to improve the lives of low-income people and the cities where they live. Since its establishment, Living Cities has invested almost $1B in affordable housing, community facilities, and the creation of economic opportunity across the US. For more information, please visit: http://www.livingcities.org/
The Catalyst Fund is a $35 million domestic impact investment vehicle launched in 2008 that deploys concessionary, flexible capital from socially motivated investors to improve the lives of low income people and the communities where they live. The Fund seeks to achieve both financial and social returns by investing in the development of healthy, sustainable communities and the creation of economic opportunity. The Fund is designed to advance and complement the Living Cities agenda.
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social and environmental returns.
Our impact investment strategies, donor advised fund and knowledge resources provide a dynamic platform for wealth managers and the clients they serve to advance social or environmental change through investment.
ImpactAssets seeks to shed light on and drive capital to the field's most promising organizations and initiatives, helping to build the field of impact investing.
Media Contact: Matthew Doering Global Gateway Advisors, 917-374-4369, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Living Cities Catalyst Fund