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Bailey McCann, Opalesque New York: Impact Engine has closed its second private equity fund on $85 million. Impact Engine, an independent, women and BIPOC-led and employee-owned asset manager investing in venture capital and private equity strategies.
Impact Engine launched its private equity strategy in 2019 and since then has made commitments to 11 funds and 18 companies that improve health equity, environmental sustainability, or economic opportunity. IEPE II is backed by a number of prominent investors, including Builders Initiative, the Kellogg Foundation, and the Surdna Foundation.
Impact Engine's strategies seek to drive financial returns and social or environmental impact returns related to economic opportunity, environmental sustainability, and health equity.
"For over ten years, we've been committed to growing the field of impact investing by demonstrating how to invest successfully in impact-oriented funds and companies while working alongside our partners and colleagues in the field to scale and grow the impact sector," said Priya Parrish, Partner & Chief Investment Officer of Impact Engine. "Our rigorous due diligence process allows us to populate our portfolio with diverse and exciting managers and companies seeking mission-aligned investors and value-added partnerships. Through the latest commitments from our investors, we will continue to foster the impact ecosystem by investing in attractive market opportunities that generate environmental and ...................... To view our full article Click here
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