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Resources created and curated to support the growth of impact investing, for those new to the field and for experienced practitioners.

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ImpactAssets 50: A Global Landscape of Impact Investment Fund Managers
The ImpactAssets 50 (IA 50) is the first open-source, publicly published database of experienced private debt and equity impact investment fund managers.
http://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

Global Partnerships

Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes, Private Equity
Geographic Focus:
Impact Investment Focus:
Clean Technology
Health and Wellness
Affordable Housing and Community Development
Fair Trade
Education and Charter Schools
Natural Resources and Conservation
Water and Sanitation
Media, Technology and Mobile
Sustainable Agriculture
Small and Medium Business Development
Microfinance/Low-Income Financial Services/Micro-insurance
Global Health

Firm Overview

Global Partnerships is an impact-led investor, pioneering and investing in sustainable social enterprises that deliver high-impact products and services for people living in poverty. Everyone deserves the opportunity to earn a living, care for their families, and improve their lives. Our investments are focused around three opportunity areas: economic, energy and health. Global Partnerships currently invests in a portfolio of over 50 social enterprises in 14 countries in Latin America, the Caribbean and sub-Saharan Africa.
Firm Headquarters: US & Canada
Years of Operation: More than 10 years
Total Assets Under Management:
$51 – 99MM
Total Number of Investors: More than 25
% of Capital from Top 3 Investors: 50 – 100%
Investment Thesis:
We believe that markets have an essential role to play in bringing meaningful and sustainable opportunity to millions of people living in poverty. We also see capital both philanthropic and investment as a critically important resource in effective global development. Our funds invest debt and equity into social enterprises that bring essential goods and services to people living in poverty, helping clients build economic resilience, stabilize and expand incomes, improve health and quality of life. We have established investment initiatives in women-centered finance with education, women-centered finance with health, rural-centered finance with education, smallholder farmer services, solar lights, health clinic services, essential medicines, cookstoves, digital study materials and urban sanitation.

Investment Example

Aldea Global is a first tier commercialization association that operates in the northern region of Nicaragua. It was founded in 1992 by farmers from the Chorotega indigenous community to promote sustainable agricultural practices that protect the environment and improve the quality of life of member producers. Today the association supports smallholder farmers by facilitating access to credit, technical assistance and commercialization services. Nearly half of Aldea Global's portfolio and members are concentrated in coffee while the remaining members and capital are invested in malanga, basic grains and other crops. Aldea Global's model is unique because it leverages a network of smaller agricultural cooperatives that help organize producers and provide basic support in crop cultivation. The association works closely with these cooperatives to provide farmers with direct access to credit coupled with technical assistance that focuses on crop quality and certification standards. Aldea Global then purchases directly from producers; processing, storing, and selling their products for premium prices on specialty markets. In addition the association supports sustainable resource management, access to rural health clinics, installation of potable water filters and pest management programs.

Leadership and Team

Cumulative Leadership Experience in Investing:
More than 30 years
Cumulative Impact Experience of Top Three Firm Leaders:
More than 30 years
Rick Beckett – President & CEO More Info

Rick Beckett is the president and CEO of Global Partnerships and has led the organization's strategic expansion as a social investor since 2006. Prior to joining Global Partnerships, Rick was managing director of a $112 million private equity fund investing in middle-market companies and early stage ventures. Rick spent 10 years at McKinsey & Company where he served financial institution and healthcare clients on strategy and performance. He specialized in helping not-for-profit organizations achieve superior results in competitive markets.

Mark Coffey – Chief Investment & Operating Officer More Info

Mark oversees Global Partnerships' (GP) social investment funds, directing both the capitalization of GP investment funds and the lending of capital to GP's microfinance and cooperative partners. Prior to his work at Global Partnerships, he served as President of ShoreBank Pacific, the first commercial bank in the United States with a focus on environmentally sustainable community development. Mark has more than 25 years experience in banking and lending, including serving in executive roles at Homestead Capital, Bank of the Northwest, First Interstate Securities and First Interstate Bank of Texas.

Peter Bladin – Chief Impact & Research Officer More Info

Peter oversees Global Partnerships' Impact and Research Team (IRT), which is responsible for providing GP with a direction for where to invest, and how to evaluate and measure the impact of those investments. The IRT’s four core functions are: investment research, business development, impact assessment, and the administration of a health grant portfolio. This entails: developing well-researched recommendations on current and future impact investing initiatives; creating and nurturing direct relationships with promising social enterprises and other industry actors; developing and delivering a clear and straight forward quantitative and qualitative assessment of GP’s impact based on the latest industry standards; and managing a grant portfolio for the most promising health social enterprises.

Gail DeGiulio – Chief Capital Resource Officer More Info

Gail oversees Global Partnerships (GP) investor relations, fund capitalization, philanthropic fundraising and relations, and marketing communications. She joined GP in July 2014 after spending over 25 years building and leading businesses in technology and consumer companies. Her career includes executive roles at Amazon, Microsoft, the WNBA Seattle Storm, Classmates, and Hasbro/Wizards of the Coast, as well as cofounder and CEO of SimplyFun. She has served on numerous local nonprofit boards and committees.

Jim Villanueva – Managing Director, Social Venture Fund More Info

Jim is a longtime entrepreneur and investor in growth companies. Before joining Global Partnerships, he led the development of the impact investment portfolio at the Eleos Foundation as their Executive Director and a founding board member. Over the course of his career with several private equity partnerships, Jim invested in multiple industries across North and South America. He co-founded and sold a Spanish-language media company and a national Hispanic marketing and public relations firm. Jim holds an MBA degree from the Stanford Graduate School of Business, and graduated with honors from Harvard College.

Percentage of Investment Professionals who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
More than 50%
Percentage of Board Members who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
25% – 50%

Financial Performance

Target Financial Returns Relative to Benchmark:
Near-market Rates
Actual Performance Relative to Target Financial Returns in the Past Three Years:
In line with initial target returns
Financial Reporting Frequency to Investors or Donors
Quarterly

Impact Performance

Percentage of Total Assets Under
Management that are Impact Investments:
100%
Target Impact Outcomes:
Addressing climate change and environmental issues
Alleviating poverty
Conserving land, ecosystems and natural resources
Creating jobs
Increasing access to education and improving educational outcomes
Increasing access to financial services
Increasing access to healthcare services and improving health
Increasing access to water and sanitation
Promoting arts and media
Providing housing
Other: Increasing access to renewable energy
Value-added Services Offered:
Access to markets
Business and legal training
Financial literacy training
Technology training
Health services
Education services
Other: Crop technical assistance

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:
Global Partnerships' evaluation of prospective partners begins with that enterprise's alignment with one of our investment initiatives. Prior to due diligence, we conduct a screen visit to gain a sense of how the potential investee is generating impact at the household level, and only proceed with full diligence once we are convinced of the social impact.

Investments systematically include social and environmental sustainability practices in the due diligence process:
During due diligence Global Partnerships asks a range of questions related to workers rights and compensation, governance as well as environmental impact. We are members of the Social Performance Taskforce, and incorporate the IFC's Environmental and Social Performance Standards into our loan agreements and investment documents.

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes - on regular basis (annual or quarterly)
Third Party Validations:
Participant on steering committees or leadership roles within impact industry associations
Publisher or contributor to industry white paper or other research in impact investing
Industry Impact Metric Tools Used:
Impact Reporting and Investment Standards (IRIS)

Learn More

Key Contact Name: Jason Henning
Phone: (206) 456-7832
Mailing Address:
1932 First Avenue, Suite 400, Seattle, WA 98101

Ready for the next step?

Impact investments are investments made into organizations and funds that generate measurable social and environmental impact as well as financial returns.