NEW YORK, Oct. 21, 2015 /PRNewswire/ -- The Living Cities Catalyst Fund has been selected for the ImpactAssets 50 2015 (IA 50), a free, publically available online resource for impact investors and their advisors. The IA 50, now in its fifth year, is the first publically available database of private debt and equity impact investment fund managers.  

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"We are excited and honored to be recognized as an ImpactAssets 50 fund for the fifth year in a row," said Ben Hecht, President and CEO of Living Cities. "We believe capital innovation is a key component of building a new urban practice that gets dramatically better results for low income people faster."

The Catalyst Fund tests new approaches to increase impact investing at a scale commensurate with our nation's most pressing problems. It blends $38 million in public, private, and philanthropic financial resources in new ways to better meet the needs of cities and improve the lives of low-income people. Since 2008, the Fund has lent a cumulative total of $40.2 million, sparking initiatives with total funding of over $825 million.

The ImpactAssets 50 is the only free, public, searchable database of outstanding impact investing fund managers. The showcase includes a range of funds spanning diverse issue areas and investment, with demonstrated and compelling social and environmental impact. Fund managers included in the IA 50 2015 manage a combined $13.6 billion in assets devoted to creating measurable, positive impact.

The IA 50 selection committee is chaired by ImpactAssets' Chief Impact Strategist, Jed Emerson, and includes experts from The CAPROCK Group, Toniic, UBS and Blue Haven Initiative. 

The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. It is a not a replacement for due diligence. In order to be considered for the IA 50 2015, fund managers needed to have at least $10 million in assets under management, more than 3 years of experience as a firm with impact investing, documented social and/or environmental impact and accept investments from the US. Click here for additional details on the selection process.

About Living Cities
Living Cities harnesses the collective power of 22 of the world's largest foundations and financial institutions to develop and scale new approaches for creating opportunities for low-income people and improving the cities where they live. Its investments, research, networks, and convenings catalyze fresh thinking and combine support for innovative, local approaches with real-time sharing of learning to accelerate adoption in more places. Additional information can be found at www.livingcities.org.

About ImpactAssets  
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social, and environmental returns.  ImpactAssets' donor advised fund ("The Giving Fund"), impact investment notes, and field building initiatives enable philanthropists, other asset owners, and their wealth advisors to advance social or environmental change through investment.

CONTACTS

Nadia Owusu
(646) 442-2220 
nowusu@livingcities.org 
Living Cities

SOURCE Living Cities

Related Links

http://www.livingcities.org