Each year, the Rockefeller Brothers Fund is required by law to distribute 5% of its endowment for charitable purposes. Over the past decade, we have been working to align the rest of our portfolio with our mission of creating a more just, sustainable, and peaceful world. During this period, the Fund’s efforts to implement mission-aligned investing policies have evolved and deepened, and the Fund has implemented a series of steps over a multiyear timeframe.
The Fund’s Mission-Aligned Investment Efforts statement details our selection of market-grade impact investments that advance our mission and program initiatives, as well as the larger strategy of mission-aligned investments, whereby we seek full alignment between our portfolio and the Fund’s mission. This mission-aligned investment lens includes divesting from fossil fuels, investing using environmental, social, and governance (ESG) criteria, and leveraging our role as a shareholder in strategic ways to advance our mission.
|Fund Name||Commitment Date||Current Value*||Asset Class||Geographic Focus|
|Generation IM Global Equity Fund||March 2014||$102,595,976||Global Equity||Developed Markets|
|Agility Global Equity Impact Fund||January 2016||$100,000,000**||Global Equity||Global|
|Stewart Investors Worldwide Sustainability Fund||October 2016||$22,720,249||Global Equity||Global|
|Ownership Capital Global Equity (USD) Fund||March 2017||$47,364,964||Global Equity||Global|
ESG Investment Total: $272,681,189
*As of October 31, 2017
**Reflects committed level; current market value approximates $64 million.
|Fund Name||Initial Commitment Date||Amount Committed||Asset Class||Geographic Focus||Description||Mission Alignment|
|Generation Climate Solutions Fund II||October 2014||$15,000,000||Private Capital||Developed Markets||Enhanced resource productivity / reduced pollution, waste, and emissions||Sustainable Development|
|Turner Multifamily Impact Fund||April 2015||$20,000,000||Real Assets||United States||Workforce housing||Broad mission / projected exposure to New York City|
|Elevar Equity III||June 2015||$12,500,000||Private Assets||India and Latin America||Services for disconnected communities||Broad mission|
|Sustainable Asset Fund (Vision Ridge)||August 2015||$20,000,000||Real Assets||United States||Resource optimization across water, agriculture, renewable energy, energy efficiency, and transportation||Sustainable Development|
|New Energy Capital Infrastructure Credit Fund||February 2016||$20,000,000||Real Assets||United States||Renewable energy development||Sustainable Development|
|Mainstream Renewable Power||July 2016||$12,500,000||Private Capital||Africa||Expanding renewable power supplies across Africa||Sustainable Development|
Impact Investment Total: $100,000,000
Information last updated November 2017