Mission-Aligned Investment Efforts

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.

ESG Investments*

Fund Name Commitment Date Current Value* Asset Class Geographic Focus
Generation IM Global Equity Fund March 2014 $102,500,516 Global Equity Developed Markets
Agility Global Equity Impact Fund January 2016 $100,000,000** Global Equity Global
Stewart Investors Worldwide Sustainability Fund October 2016 $23,512,233 Global Equity Global
Ownership Capital Global Equity (USD) Fund March 2017 $53,232,863 Global Equity Global

ESG Investment Total: $279,295,612

*As of July 31, 2018
**Reflects committed level; current market value approximates $66 million.

Impact Investments

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
ARCH Venture Fund IX Overage, L.P. November 2017 $5,000,000 Private Capital North America Identify and capitalize on early-stage venture capital opportunities that arise from the convergence of advanced breakthroughs in life sciences, physical sciences, and information sciences Broad mission
Sustainable Asset Fund II (Vision Ridge) February 2018 $12,500,000 Real Assets United States Resource optimization across water, agriculture, renewable energy, energy efficiency, and transportation Sustainable Development
Ambienta III May 2018 $14,300,000 Private Capital Europe Resource efficiency and pollution control Sustainable Development

Impact Investment Total: $131,800,000

† Impact Investments last updated May 2018


Mission-Aligned Investment Efforts (.pdf)