A QUICK NOTE: In addition to our monthly newsletter, which goes out at the end of every
month, we send the ImpactPHL Investor Briefing mid-month to connect investors with local impact investment opportunities currently available. The Investor Briefing is intended for accredited investors as defined by the SEC. By continuing you acknowledge that you are an accredited investor. If you are receiving these emails and you are not an accredited investor, please let us know. Sincerely,
The Investors Circle and ImpactPHL teams FEATURED IN THIS ISSUE - Investment Opportunities:
- SHIFT Capital is raising $30M to invest in rising underrepresented developers making positive generational investments in neighborhoods
- ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement
and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement
and reporting (Female Founder)
- Event:
- Oct 13th: Blended Finance - A Strategic Partnership for Growth Luncheon
- Join Us At SOCAP! Save $250 With Promo Code
s22_impactphl
- Reading:
- Investing in People, Then in Places
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FEATURED INVESTMENT OPPORTUNITY #1: The Opportunity: SHIFT Capital is raising $30M to invest in rising underrepresented developers making positive generational investments in neighborhoods Details: For decades, underrepresented developers, including minority-led and women-led developers, have been locked out of the real estate development industry due to a lack of access to capital which has led to a scarcity of projects, financing, and
growth capacity. SHIFT’s Catalyst Fund invests in developers who are investing in their community, and seeks to spur entrepreneurship, expand business opportunities and help build generational wealth. The Fund is nationally-focused, investing in an active pipeline of impact developers across the country and a controlled portfolio of Philadelphia development projects, including mixed-use, multifamily, and retail. The Fund follows a similar philosophy that SHIFT has deployed in its recent
investments in the Sharswood neighborhood of Philadelphia, the Anacostia neighborhood of Washington, DC, and downtown Newark, NJ: 1) Focus on low-basis of real estate opportunities in growing marketplaces; 2) Seek government anchored real estate or private-public anchor relationships to offset risk; 3) Maximize tax credit and subsidy sources wherever applicable; 4) Work with value-aligned, best-in-class partners who are positioned for success and focused on delivering impact in their communities. The Catalyst Fund targets a net
return in the mid-20s as investors will be participating in project-level sponsor fees as well as any step-up basis opportunities. In addition, investors will be offered a first right to participate in LP equity opportunities (or debt opportunities) that the deal flow will offer. Investors will join $7.5 million in committed investments, including a $1 million equity investment by Woodforest National Bank and a to be named institutional level community development finance group. Contact Brian Murray, Partner, CEO, for more details. Alignment with Sustainable Development Goals (SDGs): |
FEATURED INVESTMENT OPPORTUNITY #2: The Opportunity: ImpactableX is raising $1M to bring evidence-backing and standardization to impact measurement and reporting (Female Founder)Details: Despite $4T invested for ESG or Impact, 72% of capital managers have no measurement strategy, no way to understand the integrity of impact claims at a company level or allocate capital intelligently. Launched after testing and development by GoodCompany Ventures,
Philly-based ImpactableX offers a proven model for validating company-level impact claims, and generating standardized impact multiples of revenue and capital for investors. A 2021
FastCompany World changing Idea, ImpactableX has worked with leading companies and investors alike: NFW, Uptrust, The Sustainable Oceans Alliance, The Decarceration Fund, and Impact Capital Managers, among others. They are raising a $1M Seed round with a commitment in place from Ben Franklin Technology Partners. To learn more, log in to OptImpact or contact Catherine Griffin, Founder & CEO.Alignment with Sustainable Development Goals (SDGs): |
FEATURED EVENTS The Event: Blended Finance - A Strategic Partnership for Growth
LuncheonDate: October 13th, noon-1:30pm at Racquet Club of Philadelphia Details: The CFA Society of Philadelphia, ImpactPHL, CCS Fundraising, and the
Philanthropy Network Greater Philadelphia invite you to join investment professionals, endowment/foundation leaders, and impact investors gathering to discuss the use of blended finance and how it can be used to move dollars from the balance sheets of endowments/foundations to affordable housing projects and Black, Brown, and women-owned businesses. Our speakers will lead a discussion on mission-related investments (MRIs) / program-related investments (PRIs) and the three buckets (grants,
concessionary capital, and market risk-return investments) endowments/foundations can pull from to help fund and encourage the funding of meaningful and impactful projects in our region. RSVP here. The Event: Join Us At SOCAP! Save $250 With Promo Code s22_impactphl Date: October 17-20 || Hosted by SOCAP Global Details: Join us at #SOCAP22 in San Francisco to meet, network, and collaborate with investors,
entrepreneurs, and social impact leaders. This year, #SOCAP22 features cross-cutting themes to accelerate progress on the world’s toughest challenges. Register here and if you're already going to SOCAP, let us know and stop by the ImpactPHL booth! |
FEATURED READING Investing in People, Then in Places Details: The Kensington Corridor Trust fosters the equitable economic revitalization of a commercial corridor
and its surrounding neighborhood through local partnerships, strategic programming, and an innovative approach to moving real estate assets out of the speculative private market. This pioneering model of neighborhood ownership, governance, and local economic development has the potential to keep control within the neighborhood and ensure long-term affordability. Read ImpactPHL Perspectives, Volume 57. |
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Read this article and previous ImpactPHL Perspectives
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THANKS TO OUR ANNUAL PARTNERS
WITH ADDITIONAL SUPPORT FROM
Laura Kind McKenna, Chris Pappo, Chrissy Kind, Leigh Wood,
Peter Leone, and John Moore.
Disclaimer: ImpactPHL's content is strictly for information purposes only - it is not and should not be regarded as investment advice or as an investment recommendation. Investors are encouraged to consult their own advisors and perform their own due diligence to inform the appropriate course of action. Further, ImpactPHL
features a variety of curated content, including content from partners who may provide financial and/or in-kind support to ImpactPHL's field-building activities.
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