Impact Investments

The Fund defines impact investments as investments that both deliver market-grade returns and generate meaningful and measurable impact on the Fund’s mission to advance social change that contributes to a more just, sustainable, and peaceful world. We gauge our progress [PDF] across a range of outcome measures, including the United Nation’s 17 Sustainable Development Goals (SDGs) and the Global Impact Investing Network (GIIN) catalog of generally accepted impact performance metrics, IRIS+.

The Fund has set a target to allocate 20 percent of its portfolio to impact investments. From this pool, the Fund prioritizes investments that directly align with the Fund’s grantmaking programs, including investments in clean energy development.

Impact Investments

as of April 2024

InvestmentsInitial CommitmentAmount CommittedAsset ClassGeographic FocusDescriptionMission Alignment
Generation Climate Solutions Fund IIOctober 2014$15,000,000Private CapitalNorth America and EuropeEnhanced resource productivity/reduced pollution, waste, and emissionsSustainable Development
Turner Multifamily Impact FundApril 2015$20,000,000Real AssetsUnited StatesWorkforce housingBroad mission
Elevar Equity IIIJune 2015$12,500,000Private AssetsIndia and Latin AmericaServices for underserved communitiesBroad mission
Vision Ridge, Sustainable Asset FundAugust 2015$20,000,000Real AssetsUnited StatesResource optimization across water, agriculture, renewable energy, energy efficiency, and transportationSustainable Development
New Energy Capital Infrastructure Credit Fund IFebruary 2016$20,000,000Private CapitalUnited StatesSmall and mid-sized clean energy infrastructure projects and companiesSustainable Development
Mainstream Renewable Power Africa Holdings Limited (MPRAH)July 2016$12,500,000Real AssetsAfricaExpanding renewable power supplies across AfricaSustainable Development
ARCH Venture Fund IX Overage, L.P.November 2017$5,000,000Private CapitalNorth AmericaIdentify and capitalize on early-stage venture capital opportunities that arise from the convergence of advanced breakthroughs in life sciences, physical sciences, and information sciencesBroad mission
Vision Ridge, Sustainable Asset Fund IIFebruary 2018$12,500,000Real AssetsUnited StatesResource optimization across water, agriculture, renewable energy, energy efficiency, and transportationSustainable Development
Ambienta IIIMay 2018$14,000,000Private CapitalEuropeResource efficiency and pollution controlSustainable Development
New Energy Capital Infrastructure Credit Fund IISeptember 2018$20,000,000Private CapitalUnited StatesSmall and mid-sized clean energy infrastructure projects and companiesSustainable Development
ARCHFund X/Overage Fund XDecember 2018$15,000,000Private CapitalNorth AmericaHealthcare focused venture capital, with an emphasis on building companies around novel healthcare therapies and treatmentsBroad mission
Sustainable Water Infrastructure Fund (SWIF)November 2019$12,500,000Real AssetsCalifornia, Australia, ChileSustainable water and agricultureSustainable Development
ReThink Impact II, L.P.April 2020$12,000,000Private CapitalUnited StatesWomen-driven technology funds focused on health, environmental sustainability, education, and economic empowermentSustainable Development
ARCH Venture Fund XI L.P.January 2021$12,000,000Venture CapitalNorth AmericaIdentify and capitalize on early and seed-stage venture capital that invests primarily in the life sciences and biotechnology industriesBroad Mission
Blue Bear Capital Partners II L.P.April 2021$14,500,000Real AssetsNorth America and EuropeIdentify and capitalize on early stage investments in digital technology companies that are helping to enable and accelerate the transition to a lower carbon economy, with a focus on wind, solar, energy storage, and the electric grid supply chainsSustainable Development
Vision Ridge, Sustainable Asset Fund IIIApril 2021$16,000,000Real AssetsUnited StatesEnvironmentally sustainable investments in the energy, agriculture, and transportation sectorsSustainable Development
Blue Bear Capital Co-InvestmentSeptember 2021$6,000,000Real AssetsNorth America and EuropeIdentify and capitalize on early-stage investments in digital technology companies that are helping to enable and accelerate the transition to a low carbon economy, with a focus on wind, solar, energy storage, and electric grid supply chainsSustainable Development
Aqua CapitalMay 2022$15,000,000Real AssetsSouth AmericaInnovating sustainable businesses across the agribusiness and food value chainSustainable Development
Blue Bear Capital Partners III L.P.September 2022$12,000,000Real AssetsNorth America and EuropeIdentify and capitalize on early-stage investments in digital technology companies that are helping to enable and accelerate the transition to a low carbon economy, with a focus on wind, solar, energy storage, and electric grid supply chainsSustainable Development
Aiga Climate FundDecember 2023$15,000,000Real AssetsNorth AmericaInvest in proven, sustainable infrastructure developers across five target sectors: renewable energy, energy efficiency, low carbon fuels and chemicals, electric vehicle infrastructure, and energy storage.Sustainable Development
Aiga Spearmint Co-InvestmentDecember 2023$2,950,000Real AssetsNorth AmericaInvest in proven, sustainable infrastructure developers across five target sectors: renewable energy, energy efficiency, low carbon fuels and chemicals, electric vehicle infrastructure, and energy storage.Sustainable Development
ARCH Venture Fund XIII L.P.April 2024$10,000,000Private CapitalNorth AmericaIdentify disruptive, early-stage technologies in the life sciences, physical sciences, and information sciences sectors where market segments are poised for rapid growth and target companies can emerge as segment leaders.Broad Mission

Impact Investment Total: $294,450,000

The above is provided for information purposes only and is not an offer to sell, or a solicitation of an offer to purchase, any shares in any underlying pooled vehicles or managers named therein.