MRI/Social Investments
The firm has raised more than $850 million of impact and sustainable capital since early 2021, including the close of its most recent impact fund, which is almost four times larger than its predecessor fund.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.
An impact fund targeting local Black communities has garnered an initial $400 million investment.
The firm has hired a chief impact officer to deliver an impact investing platform and establish the firm as a thought leader in impact private markets.
The foundation is searching for more diverse-owned managers and impact investment strategies as part of a new strategic plan to eliminate longstanding inequities that have held back many communities.
A consortium of 72 healthcare groups and hospitals across the nation is helping institutions launch or sustain impact investment programs that target the racial, economic and health disparities within their local communities and provide a diversified return.
The firm has hired a global head of thematic investing to lead and develop its active thematic investing offering, which focuses on companies that benefit from long-term secular trends.
The search is part of a periodic review of managers.
The firm has entered into an agreement to take an equity stake in a boutique impact investment manager and will provide operational support, marketing and distribution to investment consultants, institutional asset owners and wealth platforms.