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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, the fund reflects a rising interest among investors in aligning their investments with their values. The fund's mission is to achieve market-rate financial returns while creating tangible societal and environmental outcomes.
Currently, IEF manages a portfolio of 9 companies and has raised $8 million during its first close. The fund operates primarily in Oceania, focusing on sectors that are often at the forefront of disruptive innovations. The team comprises experienced professionals dedicated to identifying and supporting mission-driven businesses that align with the fund's objectives.
The Impact Enterprise Fund invests in businesses across several sectors, including clean energy, agriculture technology, sustainable food production, education, and healthcare. The fund specifically 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 allows IEF to support companies that not only aim for financial success but also contribute positively to society and the environment.
IEF's investment thesis is grounded in the belief that mission-driven businesses focused on social and environmental impact are often at the forefront of disruptive innovations. The fund seeks to partner with founders who share this vision and are committed to making a difference through their ventures. The investment strategy emphasizes collaboration and support for portfolio companies to achieve their growth objectives while maintaining a focus on impact.
Notable portfolio companies include:
Peter Watson - Management Team, brings extensive experience in impact investing and business development.
Chris Simcock - Management Team, has a background in venture capital and strategic investments.
Martin Stearne - Investment Committee, specializes in evaluating investment opportunities in high-impact sectors.
Roy Thompson - Investment Committee, has a strong track record in supporting mission-driven businesses.
Paul Majurey - Chair, Board of Directors, brings leadership experience from various sectors.
Joy Marslin - Director, Board of Directors, has expertise in governance and impact investing.
Chris Simcock - Executive Director, Board of Directors, focuses on strategic direction and growth.
Grant Hope - Independent Director, Board of Directors, offers insights from his extensive industry experience.
Brian Collins - Director, Board of Directors, has a background in finance and investment management.
To pitch to the Impact Enterprise Fund, founders should visit the contact page for preferred channels and guidelines. The fund encourages detailed presentations that outline the business model, impact strategy, and financial projections. While there is no formal application portal, a well-structured pitch deck is essential. Response times may vary, but the fund aims to engage with potential partners promptly.
As of October 2023, the Impact Enterprise Fund has been actively promoting its mission and portfolio through its website, emphasizing its commitment to impact investing. The fund has highlighted its focus on aligning investments with societal values and the growth of impact investing globally. Recent updates showcase the notable companies within its portfolio and their contributions to social and environmental outcomes.
What are the investment criteria for the Impact Enterprise Fund?
The Impact Enterprise Fund focuses on businesses that deliver social and environmental impact alongside financial returns. It invests in sectors such as clean energy, agriculture technology, sustainable food production, education, and healthcare, targeting expansion opportunities with a minimum IRR hurdle of 15%.
How can I apply or pitch to the Impact Enterprise Fund?
Interested parties can visit the Impact Enterprise Fund contact page for more information on how to seek investment. The fund encourages potential founders to present their business ideas and impact strategies.
What makes the Impact Enterprise Fund different from other venture capital firms?
IEF is New Zealand's first committed impact venture fund, focusing on aligning investments with social and environmental values. The fund targets mission-driven businesses that are often at the forefront of disruptive innovations.
What is the geographic scope of the Impact Enterprise Fund?
The fund primarily operates in Oceania, focusing on New Zealand-based companies that align with its impact investment strategy.
What is the fund size and check size for investments?
The Impact Enterprise Fund has raised $8 million during its first close, with check sizes varying based on the specific needs of portfolio companies and their growth stages.
What kind of post-investment involvement does the fund have?
IEF actively supports its portfolio companies through mentorship, operational support, and strategic guidance to help them achieve their growth objectives while maintaining a focus on impact.
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