A QUICK NOTE: In addition to our monthly newsletter, we send the ImpactPHL Investor Briefing to connect investors with local impact investment opportunities currently available. The Investor Briefing is intended for accredited investors. 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:
- $50M Allivate Altura Diverse Business
Fund Provides Private Equity Growth Capital for Diverse-led Businesses
- Triple Impact Capital’s Second Fund Provides Early-Stage Venture Capital for Mission-Driven Founders in the Areas of Climate, Health, AI, and Society
- Money Moved:
- GO PA Fund has Raised $34M to Date & Hired an Investment Director
- Events:
- March 8th: ImpactPHL Social: Moving Minds + Money
- May 1st & 2nd: Total Impact Summit '24 - Register today to Save 50%
- Reading:
- Navigating Challenges in the Coffee Industry — Bridging Gaps
Between Underserved Communities
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FEATURED INVESTMENT OPPORTUNITY #1: The Opportunity: $50M Allivate Altura Diverse Business Fund Provides Private Equity Growth Capital for Diverse-led Businesses Details: The Allivate Altura Diverse Business Fund addresses the funding gap faced by women and minority-owned businesses, particularly in underserved communities. This $50M multi-investor fund specifically targets Opportunity Zone businesses led by diverse entrepreneurs (EBITDA $1-10M). Beyond providing capital, the fund connects these companies with large
corporations, suppliers, and other capital providers to support their growth and meet corporate diversity goals. This joint venture leverages the expertise of Allivate Impact Capital and Altura Capital, a firm with over 15 years of experience empowering diverse businesses. 10 year term. $100k minimum. 20% target return. For further information, view this opportunity in OptImpact or contact Daniel
Galindo, Managing Director, Allivate Impact Capital. FEATURED INVESTMENT OPPORTUNITY #2: The Opportunity: Triple Impact Capital’s Second Fund Provides Early-Stage Venture Capital for Mission-Driven Founders in the Areas of Climate, Health, AI, and SocietyDetails: Based in Philadelphia, Triple Impact Capital champions early-stage companies that create positive social and
environmental impact while generating financial returns. Triple Impact Capital is led by seasoned investors Justin Smithline and Bennett Thomas, with a combined 150 startup investments. Their portfolio exemplifies this commitment, featuring companies like Aether Diamonds (pioneering carbon-negative diamonds) and Juniper (improving access to behavioral health services). Notably, 70% of their portfolio companies thrived despite recent market challenges, demonstrating the strength of their
impact-driven approach. To continue supporting mission-driven founders at the pre-seed and seed stages, Triple Impact Capital has launched Fund II. $50M Fund. 10 year term. For further information, view this opportunity in OptImpact or contact Bennett Thomas, General Partner. |
TAKE ACTION Use OptImpact to explore and diligence over $600M in local investment opportunities and connect with co-investors. |
MONEY MOVED GO PA Fund has Raised $34M to Date & Hired an Investment Director Having announced its first close of $28M in November with anchor investor Fulton Bank, the GO PA Fund is now up to $34M raised. Led by Ben Franklin of Southeastern PA, the planned $100M fund will invest specifically in portfolio companies of the PA-based statewide network of Ben Franklin Technology Partners. The fund has hired Aston Pierce as its Investment Director, and anticipates announcing its first investments this quarter. More than $2M of the $28M first close came via the ImpactPHL and Investors Circle networks. FEATURED EVENTS ImpactPHL Social: Moving Minds + MoneyMarch 8th, 5-7pm, PhiladelphiaWhat do you imagine for the future of investment in arts and culture in Greater Philadelphia? Our ImpactPHL Social this month will focus on outcomes
highlighted in the Moving Minds + Money report that ImpactPHL released last year with support from William Penn Foundation, SMU Meadows School of the Arts, and Ignite/Arts Dallas. We invite investors, culture-bearers, arts practitioners, and all other local community members who are interested in connecting around where our city is going in terms of arts and culture to join us! Learn more and register. Total Impact Summit '24 - Register before March 11th to Save
50%May 1st & 2nd, 2024, Philadelphia Watch this video to see what Total Impact Summit is all about. TIS24 will provide the
opportunity to educate yourself, connect with community, and - most importantly - become equipped with the resources you need to start or take the next step in aligning your investments with your values and deploying capital into place-based solutions. |
FEATURED READING Navigating
Challenges in the Coffee Industry — Bridging Gaps Between Underserved Communities Details: The global coffee industry, often romanticized for its rich aroma and global connections, harbors deep-rooted challenges that disproportionately affect underserved communities in the
African diaspora. This complex web of issues includes a stark lack of transparency, traceability, and equity, perpetuating cycles of poverty and dependence. Simultaneously, similar struggles unfold in the vibrant city of Philadelphia, where systemic inequalities create barriers for underserved communities. Amidst these challenges, efforts to bridge the gap between distant communities and Philadelphia are underway, focusing on resilience and empowerment. Read ImpactPHL Perspectives, Volume 73. |
TAKE ACTION
Read this article and previous ImpactPHL Perspectives |
THANKS TO OUR ANNUAL PARTNERS
WITH ADDITIONAL SUPPORT FROM
Laura Kind McKenna, Chris Pappo, Chrissy Kind, Peter Leone, Tom Balderston, Lopez Family Fund, Andy and Valerie Kind-Rubin, Ruth Shaber, 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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