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The Impact Enterprise Fund (IEF) is New Zealand’s first domestically-focused committed impact venture fund, established to provide growth capital to businesses that deliver social and/or environmental impact alongside financial returns. Launched during a period of rapid growth in impact investing globally, IEF reflects a rising interest among investors in aligning their investments with their values. The fund is dedicated to achieving market-rate financial returns while also creating tangible societal and environmental outcomes.
Currently, the fund has raised $8 million during its first close and has a portfolio of 9 companies. IEF operates primarily in Oceania, focusing on mission-driven businesses that are often at the forefront of disruptive innovations. The fund's commitment to impact investing positions it uniquely in the venture capital landscape, appealing to investors who prioritize both financial and social returns.
The Impact Enterprise Fund invests in businesses across several key sectors, including clean energy, agriculture technology, sustainable food production, education, and healthcare. The fund targets expansion opportunities in these fast-growing sectors, with a minimum internal rate of return (IRR) hurdle of 15% on investments. This focus on high-impact sectors aligns with the fund's mission to support companies that generate significant social and environmental benefits.
IEF seeks to partner with mission-driven entrepreneurs who are committed to making a positive impact. The fund believes that businesses focused on social and environmental outcomes can outperform traditional businesses, particularly in sectors that are experiencing rapid growth and innovation. This investment strategy not only aims for financial returns but also emphasizes the importance of creating a better future through responsible business practices.
The Impact Enterprise Fund's portfolio includes a diverse range of companies that exemplify its commitment to social and environmental impact:
These companies not only represent the fund's investment strategy but also highlight the potential for innovation in sectors that address pressing global challenges.
Peter Watson - Management Team, brings extensive experience in venture capital and impact investing.
Chris Simcock - Management Team, has a background in finance and strategic development within the impact sector.
Martin Stearne - Investment Committee, specializes in evaluating investment opportunities in high-growth sectors.
Roy Thompson - Investment Committee, focuses on assessing the social and environmental impact of potential investments.
Paul Majurey - Chair, Board of Directors, has a strong background in governance and strategic oversight.
Joy Marslin - Director, Board of Directors, brings expertise in sustainable business practices.
Grant Hope - Independent Director, Board of Directors, has a wealth of experience in corporate governance.
Brian Collins - Director, Board of Directors, focuses on operational excellence and impact measurement.
To pitch to the Impact Enterprise Fund, founders should use the contact form available on their website. It is advisable to include a detailed deck that outlines the business model, market opportunity, and impact metrics. The fund appreciates clear communication and a well-structured presentation.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, especially from trusted sources within the impact investing community.
In recent updates, the Impact Enterprise Fund has highlighted its commitment to impact investing and the notable companies within its portfolio. The fund continues to promote its mission of aligning investments with societal values, reflecting the growth of impact investing globally.
As of October 2023, IEF has successfully raised $8 million during its first close, positioning itself as a key player in the Oceania venture capital space. The fund's portfolio now includes 9 companies, each contributing to social and environmental outcomes.
What are the investment criteria for the Impact Enterprise Fund?
The fund invests in businesses that operate in clean energy, agtech, healthcare, and other sectors focused on social and environmental impact. It targets expansion opportunities with a minimum IRR hurdle of 15%.
How can I pitch to the Impact Enterprise Fund?
Interested parties can visit the Impact Enterprise Fund contact page to seek investment or inquire about pitching opportunities.
What makes the Impact Enterprise Fund different from other venture capital firms?
IEF is New Zealand's first committed impact venture fund, focusing on generating social and environmental outcomes alongside financial returns. This dual focus sets it apart in the venture capital landscape.
What is the geographic scope of the fund?
The Impact Enterprise Fund primarily operates in Oceania, targeting mission-driven businesses within the region.
What type of support does the fund provide to portfolio companies?
While specific support details are not disclosed, the fund is known for its commitment to helping portfolio companies achieve their growth objectives through strategic guidance and resources.
What is the fund size and check size range?
The fund has raised $8 million during its first close, with check sizes varying based on the specific needs of portfolio companies.
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