IMPACTASSETS 50™

An Annual Showcase of Impact Investment Fund Managers

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An Annual Showcase of Impact Investment Fund Managers

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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.
https://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

IA 50 2025 PROFILE

Alder Point Capital
Management LP

Total Assets Under Management: $50 – 99M
Asset Class: Real Estate, Commodities
Primary UN Sustainable Development Goal: 15 – Life on Land
Climate Change
Food Systems and Agriculture
Natural Resources and Conservation

Firm Overview

Category: Real Assets - Other

Alder Point Capital Management invests in U.S. farmland and timberland to generate attractive returns alongside climate, biodiversity, water, and rural prosperity outcomes. Our mission is to accelerate adoption of regenerative and sustainable land stewardship—in rural communities often overlooked by impact investors—while building community capacity and supply chains to broaden outcomes beyond Alder Point’s direct footprint. We acquire undermanaged, high-quality properties in climate resilient regions, and work alongside local operators to drive income and impact performance. Alder Point’s three founders spent a decade building a pioneering, diversified, and sustainable $575M real assets portfolio at a large family office. The team founded Alder Point in 2022 to bring their vision and experience to market. Alder Point is currently raising capital for the Alder Point Sustainable Real Assets Fund.

Firm Headquarters: United States
Years of Operation: Less than 3 years
Total Assets Under Management:
$50 – 99M
Total Number of Investors: More than 25
% of Capital from Top 3 Investors: 50% – 99%
Investment Thesis:

Alder Point takes a buy-improve-sell approach, working with local partners in climate resilient regions to source high-quality but undermanaged assets where sustainability improvements drive net operating income growth, which, in turn, drives asset value upon exit, when Alder Point seeks to deliver decarbonized assets back into local markets with above-market income yields.

Investment Overview:

Alder Point aims to deliver attractive returns and impact within U.S. farmland and timberland, where income growth and risk management, not passive appreciation, drive performance. Alder Point selects markets within climate resilient regions using tactics like organic conversion, electrification, resource efficiency, conservation finance, and offtake partnerships to increase net operating income (NOI) or reduce basis. Within narrowly targeted markets, Alder Point builds broad sourcing networks to acquire $10-40M assets that are high quality (great soils, water, operability) and can be underwritten for NOI growth using the impact tactics described above. Working alongside local partners, Alder Point executes property improvements, proves out enhanced operating economics and exits decarbonized, resilient, income yielding assets to local partners or investors after a 5-7 year hold period. Alder Point seeks to build local capacity for regenerative stewardship and offtake markets, delivering impact beyond its direct footprint, and uses tools like conservation easements to ensure impact following exit.

Company Differentiator:

Alder Point’s strategy is designed to generate returns at a time when real assets have a mixed market outlook and are exposed to intensifying climate risks (e.g., wildfires, drought). In our buy-improve-sell approach, operating income growth, not passive exposure, drives returns. We focus on mid-sized assets and non-core markets with less institutional penetration, sourcing under-managed properties where impact strategies create value. Rather than financing or leasing approaches, we partner with qualified local operators to improve property operations. With core geographies facing growing climate stress (e.g., California’s San Joaquin Valley), we seek relative climate resilience (e.g., Northeast), adapting operations for long-term stewardship. We focus on broad benefits in high-poverty, resource-dependent rural communities, including (1) local enterprise development, (2) growing regenerative supply chains and land stewardship capacity, and (3) aligned exits. While carbon offsets dominate other models, we target direct decarbonization (reduce fossil inputs), restoration for biodiversity uplift, and regenerative organic production.

Investment Example

Alder Point's team spent a decade of investing $425M+ at a family office across direct farmland, timberland, and real estate strategies. We cannot profile prior investments on a non-confidential basis, but can review illustrative prior investments with IA50 and/or prospective investors. Since early 2023, Alder Point's team has evaluated nearly $2B of pipeline opportunities across farmland and timberland in its target markets, demonstrating a replicable and consistent approach to sourcing opportunities relevant to the firm’s strategy.

Leadership and Team

Cumulative Leadership Experience in Impact Investing:
30 years or more
Cumulative Impact Experience of Top Three Firm Leaders:
30 years or more
Chris Larson – CIO & Managing Director More Info

Chris leads the Firm’s Investment Committee and investor relations functions, in addition to deal sourcing and underwriting. Chris is an investor and executive who has been managing impact investing portfolios since 2010, previously serving as Chief Investment Officer and CEO of New Island Capital Management. At New Island, Chris led a 28-person team to create a multi-asset-class, institutional-scale, 100% impact portfolio, and pioneered strategies in real assets and commercial real estate. Earlier, Chris held investment research positions at Cambridge Associates and Imprint Capital. He was previously the Executive Director of the Mattole Restoration Council, a community-based conservation effort in rural northwestern California.

Jessamine Fitzpatrick – Managing Director More Info

Jessamine leads Alder Point’s impact, ESG, and human resources functions, in addition to deal sourcing and underwriting. Prior to Alder Point, Jessamine led the Alignment Insights team at RMI’s Center for Climate-Aligned Finance. Jessamine previously held the role of Principal, Real Assets at New Island Capital Management, where she led investments in real estate, timberland, farmland, and environmental markets. Other past roles include serving as the CFO and COO for Electric Vine Industries, a microgrid company working in remote communities in Southeast Asia.

Spenser Shadle – Managing Director More Info

Spenser leads Alder Point’s asset management functions, internal operations, and compliance, in addition to deal sourcing and underwriting. Prior to Alder Point, Spenser served as Director of Finance & Business Development for Heartwood Biomass, a forest products manufacturing business working at the intersection of forest restoration and rural economic resilience. Spenser previously held the role of Senior Vice President, Real Assets at New Island Capital Management, where he led both capital deployment and asset management for U.S. timberland, farmland, and environmental markets investments.

Financial Performance

Target Financial Returns Relative to Benchmark:
Market Rates
Actual Performance of Impact Products/Funds 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%
Primary Impact Outcomes:
Addressing climate change and environmental issues
Secondary Impact Outcomes:
Alleviating poverty
Conserving land, oceans, ecosystems and natural resources
Increasing access to workforce development services, job skilling and retraining
Creating jobs
Increasing access to water and sanitation
Providing housing
Addressing racial inequities
Value-added Services Offered:
Access to markets
Education services
Other: Support development of small rural businesses through supply chain relationships; provide year-round quality rural jobs.

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:

Market research: A major goal of market selection is to find (1) those communities where there is strong operator, vendor, civic, and partner capacity to execute impact strategies, and (2) those markets that will provide financial reward for impact outcomes.  Deal sourcing: Using relationships built during the market research phase, Alder Point communicates its search image to local partners, including Operating Partners and NGOs, and proactively seeks deal flow that aligns with the firm’s impact goals (e.g., electrifying irrigation systems, no-till farming, forest conservation easements). Due diligence: Alder Point’s due diligence process uses market research insights to form a well-developed understanding of production systems, potential impact initiatives, cost/return estimates (and the experts who can refine these), and the potential effects of impact initiatives upon a deal’s financial profile. Key inputs are embedded into the Firm’s underwriting models and are incorporated into each asset’s business plan and operating budget.

Investments systematically include social and environmental sustainability practices in the due diligence process:

Alder Point integrates impact-oriented resources in the management of Fund assets through selection, alignment, and oversight of Operating Partners (farmers/foresters who manage the day-to-day operation of the assets). Alder Point selects Operating Partners based on production & marketing experience, local knowledge, land stewardship ethic, and community engagement capabilities. These capabilities are evaluated through interviews, reference checks, on-the-ground site visits, production history, supply chain relationships, and feedback from local impact stakeholders.  Prior to engagement of Operating Partners and other major vendors, Alder Point evaluates the companies’ policies related to responsible investment, DEI, environmental, and human resources (including equitable pay and non-discrimination) as part of its due diligence process. In some cases, Alder Point will seek improvements or changes as a condition of engagement.

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Impact Verified by an Independent Third-Party:
No
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes – to the public
Third Party Validations:
Member of Impact Capital Managers
Impact Frontiers Cohort Participant
Implement recommendations from Task Force on Climate Related-Financial Disclosure
Net Zero Assets Managers Initiative
Utilizes standardized impact metrics (e.g. IRIS+, GIIRS, etc.)
Participant on steering committees or leadership roles within impact industry associations
Publisher or contributor to industry white paper or other research in impact investing

Learn More

Key Contact Name: Jessamine Fitzpatrick
Phone: 415-531-2520
Mailing Address:

700 Front Street, Suite 104, Louisville, CO 80027 USA

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