LISC has been named Emertius Impact Manager for the ImpactAssets 50 (IA 50), a who’s-who of fund managers dedicated to creating positive social and environmental impact. The IA Emeritus category represents impact fund managers who have been on the IA 50 for at least five years. LISC is one of seven community development financial institutions (CDFIs) that were selected for this year’s IA 50, reflecting the critical role CDFIs have played during the COVID-19 pandemic and ongoing racial reckoning.
LISC named to ImpactAssets 50 list for seventh consecutive year
NEW YORK (Mar. 15, 2022) - LISC is one of seven community development financial institutions (CDFIs) selected for this year’s IA 50 and one of four recognized with the Emeritus status, reflecting the critical role CDFIs have played during the COVID-19 pandemic and ongoing reckoning of systemic racism in the US. ImpactAssets took particular note of LISC’s $24 billion in community investments, its outstanding portfolio balance of $507 million, and its maintenance of a delinquency rate below 2 percent.
As one of the country’s largest community development organizations, LISC leverages public, private and philanthropic capital to catalyze economic opportunity for people and communities. For example, the UN presents climate change as the single biggest threat to equitable development, with the communities most directly affected being disproportionately lower-wealth and communities of color. LISC believes there is a greater role for CDFIs, including ourselves, to play in financing the transition to a green economy, and ensuring the transition is equitable and just.
IA 50 took note of a project in Washington DC, where LISC provided a $1.2 million loan to bring solar energy at 12 affordable housing communities. And it pointed to LISC’s Equitable Transit-Oriented Development Accelerator Fund in Boston that provides access to acquisition and predevelopment financing along transit corridors. LISC’s portfolio includes other investments in climate action like parks and open spaces, sustainable and healthy food access, and more.
“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,” added 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.”
IA 50 is an annually updated list providing investors and their financial advisors an easy resource to begin research on the impact investing sector. Focusing on private debt and equity, IA 50 is a free, centralized source of information on funds representing a wide range of impact investing activities across geographies, sectors and asset classes.
About LISC
LISC is one the country’s largest community development organizations, helping forge vibrant, resilient communities across America. We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and local economies can thrive. Since our founding, LISC has invested $24 billion to create more than 436,320 affordable homes and apartments, develop 74.4 million square feet of retail, community and educational space.
About the ImpactAssets 50
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. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. Firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes.
The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. It is not a replacement for due diligence. To be considered for the IA 50 2022, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact and be available for US investment. Additional details on the selection process are available here.
The IA 50 Emerging Impact Managers list is intended to spotlight newer fund managers to watch that demonstrate potential to create meaningful impact. Criteria such as minimum track record or minimum assets under management may not be applicable.
The IA 50 Emeritus Impact Managers list illuminates impact fund managers who have achieved consistent recognition on the IA 50.
About ImpactAssets
ImpactAssets is an impact investing trailblazer, dedicated to changing the trajectory of our planet’s future and improving the lives of all people. As a leading impact investing firm, we offer deep strategic expertise to help our clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with our clients through our impact investment platform and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. ImpactAssets has more than $2 billion in assets in 1,700 donor advised fund accounts, working with purpose-driven individuals and their wealth managers, family offices, foundations and corporations. ImpactAssets is an independent 501(c)(3) organization.