Renewal Funds Selected for the ImpactAssets 50TM 2022 Impact Fund
The IA 50 2022 Impact Fund is the industry’s first publicly available, searchable resource of impact investing fund managers
Vancouver, BC, March 15, 2022 — Renewal Funds is pleased to announce that it has been selected for inclusion in the ImpactAssets 50TM 2022 (IA 50), a free annual database for impact investors, family offices, corporate and family foundations and institutional investors that features a diversified listing of private capital fund managers delivering social and environmental impact as well as financial returns.
The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options.
According to ImpactAssets, the investment firms selected for the IA 50 2022 were ultimately chosen to represent experienced managers across a breadth of geographies, asset classes and impact areas of focus including Climate Action and Diversity, Equity, and Inclusion. While asset management as a whole remains overwhelmingly non-diverse—with approximately 2% of asset managers who are Black, Indigenous or People of Color—IA 50 fund managers are leading with diversity.
This year marks the eleventh edition of the IA 50, which now includes the IA 50 Emerging Impact Managers list and IA 50 Emeritus Impact Managers list. Across all three categories,143 impact fund managers reported assets totaling $116.96 billion invested in a range of asset classes and impact themes. Although impact investing can offer a range of returns—from concessionary to above-market rates of return, IA 50 managers also reported delivering both positive impact and competitive investment performance, demonstrating above-market financial returns. The entire IA 50 2022 database can be viewed online here.
“The caliber of this year’s IA 50 lists is a product of the rigorous application scoring and analysis process that the IA 50 Review Committee has fine-tuned through the years,” said Sandra Kartt, CFA, Managing Director, Investments, ImpactAssets. “We’re thrilled to foster the continuing growth of these unique, innovative investing approaches addressing critical issues from climate to racial equity and gender equality.”
”It is an honour to have been selected for the IA 50 2022, a comprehensive and transparent database that promotes the validity and true environmental and social impact that investment firms are making,” commented Paul Richardson, Managing and Founding Partner of Renewal Funds. “We would like to thank our investors for their ongoing support of our mission to find and nurture innovative, growth-stage companies that are seeking to make the world a better place.”