IMPACTASSETS 50™
An Annual Showcase of Impact Investment Fund Managers
ImpactAssets 50
An Annual Showcase of Impact Investment Fund Managers
The Vistria Group, LP
Affordable Housing
Education
Health and WellbeingFirm Overview
The Vistria Group is building a new kind of private investment firm that seeks to deliver both financial returns and societal impact. It invests in essential industries like healthcare, knowledge and learning, and financial services that deliver value for investors as well as communities, employees, and consumers. The Vistria Group works as a true partner with its portfolio companies, drawing on its deep sector knowledge, operational expertise, unique network, diverse team, and impact orientation to achieve transformational growth.
Years of Operation: 10 years or more
% of Capital from Top 3 Investors: Less than 25%
Vistria invests in solutions to societal challenges with a focus on driving equitable outcomes at scale.
At Vistria, we have always believed there are abundant opportunities to deliver returns for investors while also advancing a more prosperous society. However, asymmetric access to opportunities impedes equitable outcomes. Progress has been made, but systemic barriers keep people from accessing the pillars of economic stability –healthcare, education, financial services, and housing. These complex challenges require multifaceted solutions. Our Flagship and Real Estate strategies invest in healthcare, knowledge and learning solutions, financial services, and affordable housing because we believe they are foundational to individual well-being and there is significant untapped opportunity to unlock impact potential. We believe that impact is a core driver of value creation, and every company has the potential to contribute a positive impact for its stakeholders. We also believe responsible companies that align their growth strategy with impact priorities will be worth more.
Vistria invests in solutions to societal challenges with a focus on driving equitable outcomes at scale. We believe we have unique operational and subject matter expertise that allows us to optimize both financial and impact value for our stakeholders. Identify Societal Challenges - Leverage deep sector insights, network, and perspectives - Identify opportunities for private capital to support solutions Assess Barriers to Equitable Outcomes - Examine root causes of challenges to understand systemic barriers - Consider strategies for investment to address foundational issues and promote more equitable outcomes Design Solutions - Make strategic investments in themes offering solutions to public sector challenges - Partner with network and management teams to design value creation plans - Work to optimize impact alongside financial value and drive more equitable outcomes for patients, students, educators, clinicians, and employees
Investment Example
The U.S. opioid epidemic is a public health crisis impacting millions of individuals, families, and their communities. Of Americans aged 12 and older, 9.2 million misused opioids and 46.3 million or 16.5 percent of the total U.S. population met the criteria for having a substance use disorder (SUD) in 2021.1 Vistria has invested in a company who is a network of Joint Commission-accredited outpatient opioid treatment and recovery centers, offering research-backed medication assisted treatment plans for individuals with OUD. The company's approach combines FDA-approved medications with counseling and behavioral therapies to offer a holistic treatment experience. The company provides critical access to patient-centered treatment with 114 programs across 21 states and Washington, D.C. By scaling and expanding access to its quality offering, the company can continue to improve and save lives and help individuals return to productive pursuits. 1. https://www.hhs.gov/about/news/2023/01/04/samhsa-announces-national-survey-drug-use-health-results-detailing-mental-illness-substance-use-levels-2021.html
Leadership and Team
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Kip Kirkpatrick – Senior Partner, Co-Chairman & Co-CEO More Info
Kip Kirkpatrick is a founding partner and Co-Chief Executive Officer of Vistria, LLC, a private investment firm focused on building market leading companies in the healthcare, education and financial services industries. Prior to Vistria, Kip co-founded two prominent private equity firms. In 2001, he was part of the team that created One Equity Partners, the former private investment arm of JP Morgan Chase. Three years later Kip co-founded Water Street Healthcare Partners, which at the time of his involvement was one of the most active investors in middle market healthcare companies. |
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Marty Nesbitt – Senior Partner, Co-Chairman & Co-CEO More Info
Marty Nesbitt is a founding Partner and Co-Chief Executive Officer of Vistria, LLC, a private investment firm focused on building market leading companies in the healthcare, knowledge & learning, and financial services industries. From 1998 to 2012, Marty served as President and CEO of TPS Parking Management, LLC (dba The Parking Spot), an owner and operator of off-airport parking facilities. Marty conceptualized and co-founded The Parking Spot with Penny Pritzker and was responsible for running all strategic and operating aspects of the company. |
Financial Performance
Impact Performance
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Percentage of Total Assets Under
Management that are Impact Investments: |
75% – 99%
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During pre-investment due diligence, Vistria uses the Vistria Optimal Impact (“VOI”) Model to support understanding of the main opportunities for impact growth. The team does this by leveraging industry data, societal context, and qualitative and quantitative company data to assess impact maturity, risk, and optimization opportunities. The VOI Model leverages four distinct impact drivers that are core to the Vistria Impact Framework. Vistria believes these drivers are critical levers for advancing impact value. The VOI assesses current and potential performance to understand the impact of a company’s products and services across: Access – Ensures company products and services reach a diverse set of stakeholders. Quality – Ensures company products and services maintain the highest quality standards. Scale – Ensures that products and services effectively address significant challenges. Outcomes – Ensures company products and services meet the needs of the stakeholders served.
During pre-investment due diligence, Vistria uses the Vistria Optimal Impact (“VOI”) Model to support understanding of the main opportunities for impact growth. The team does this by leveraging industry data, societal context, and qualitative and quantitative company data to assess impact maturity, risk, and optimization opportunities. The VOI Model leverages four distinct impact drivers that are core to the Vistria Impact Framework. Vistria believes these drivers are critical levers for advancing impact value. The VOI assesses a company’s current and potential ESG Conduct performance across: Environmental – Ensures effective measurement and management of environmental risk. Social – Ensures company prioritization of employees and community. Governance – Ensures necessary policies and practices are in place to mitigate risk.
Impact Tracking and Monitoring
Learn More
300 E Randolph St #3850, Chicago, IL 60601 USA
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