Impact assets overview 2013 06-15

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TBLI CONFERENCE™ is the prime annual global networking and learning event on Environment, Social, Governance (ESG) and Impact Investing. …

TBLI CONFERENCE™ is the prime annual global networking and learning event on Environment, Social, Governance (ESG) and Impact Investing.

TBLI CONFERENCE USA New York 2013
Monday and Tuesday, June 17-18, 2013

Speakers:
Paul Rose
Vice President of the Royal Geographical Society
Richard L. Kauffman
Chairman for Energy Policy and Finance for the State of New York - Governor of New York's Office and Cabinet - United States of America
Martin Rapaport is chairman of the Rapaport Group and founder of the Rapaport Diamond Report

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  • ImpactAssets is a non-profit financial services firm dedicated to increasing the flow of capital to impact investingImpactAssets spun out from the Calvert Foundation in 2010Research indicates that investors are interested in allocating to impact investingBut, there is a lack of product offerings that are broadly and affordably available to traditional investment portfoliosResearch, focus groups and interviews indicate that financial advisors are interested in impact investingBut have a lack of true engagement or real knowledge of the spaceImpactAssets was founded to create and distribute the tools and products needed by these marketsField building: IA 50, investment briefs, white papers, events and trainingsInnovative product development…
  • The Giving Fund—$100MM DAF Offers access to ESG public debt and equity exposure through mutual fundsOffers access to private debt and equity and real assets exposure through funds on GIV platformCovers the range of asset classes, geography, investment themes and concessionary to market rateKeying off of this market innovation to develop productsDistributed through select wealth advisor platforms
  • Developing products designed to democratize access to impact investing by lowering key structural barriers to the flow of capital. The first two products will be thematic, 5-year, private debt securities focused on Microfinance Plus and Global Sustainable Agriculture Key goals with these products:Develop products that they will look, behave, trade, settle and report like traditional financial capital markets products, but with impact on the insideSecure placement on key wealth management platforms and gain rapid acceptance among financial advisors and investorsThese Investment Strategies will be publically offered and distributed broadly through the wealth management community to U.S. investors wishing to implement an impact strategy in their traditional portfoliosMinimum investment in these securities will be $25,000, making investment available to a broad range of asset owners and offering exposure to impact private debtWhy private debt?We started with private debt because we feel it is a more of a gateway asset class than private equity for emerging impact investorsAlso, with debt we could offer some liquidity which the market is clearly demandingWe selected these two investment themes because:Of their broad appeal to asset owners The fact that these themes significantly impact the livelihoods of folks at the bottom of the pyramid And, these themes both support a debt offering, with a range of investment tenors to match investors’ demand for liquidity and the financing needs of borrowersAg: trade finance and term loansMF: short- and longer-duration loans

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  • 1. Page| | ImpactAssets, Inc. June 2013
  • 2. Page| |June 2013 ImpactAssets 2 ImpactAssets Overview Impact Investing Innovative Products Impact Investing Field Building Giving Fund Donor Advised Fund Investment Strategies Thematic Offerings for Financial Return and Impact ImpactAssets 50 Investor and Financial Advisor Education Target Market: Traditional Portfolios; Impact Portfolios Size: $100MM AUM, as of Q1 2013 Growth: >40% CAGR since spin-off from the Calvert Foundation in early 2010. Target Market: Philanthropic Capital* Charitable Grants Global Impact Ventures (Private Debt/Equity) Calvert Foundation Community Investment Note Positively Screened Mutual Funds Independent Investment Managers Investment Products Global Sustainable Agriculture Target size: $5-75mm Microfinance Plus Target size: $5-100mm Other Thematic Vehicles To Follow First U.S. open-source Database of impact investing firms Issue Briefs White Papers Website Events/Training Notes * Philanthropic capital “narrowly” defined on this graph as donations to initiate a DAF. Light blue shading indicates product in development. Seeking to Increase the Flow of Capital to Impact Investing
  • 3. Page| |June 2013 ImpactAssets 3 ImpactAssets Donor Advised Fund The Giving Fund is a flexible Donor Advised Fund that enables clients to simplify their giving and develop results-oriented philanthropy
  • 4. Page| | 4ImpactAssets INVESTORS • Retail investors through wealth management platforms • High net worth individuals through family offices and impact investing wealth advisors • Small institutional investors INVESTMENT STRATEGIES • SEC exempt and Blue Sky qualified or exempt  Thus available for broad distribution across U.S. MANAGERS • Will invest in organizations  Global Sustainable Agriculture: in farmer cooperatives and larger enterprises  Microfinance Plus: in microfinance or low- income financial institutions ImpactAssets Investment Strategies Overview June 2013
  • 5. Page| | 5ImpactAssets The Investment Strategies offer benefits to the varied stakeholders June 2013 Investment Strategies Benefits • Offer access to new capital • Lower the cost of investor management, fundraising, distribution and marketing Benefits to Fund Managers • Offer well-priced, diversified product • Meet pent up demand from clients • Offer an opportunity for an interactive, consultative sale Benefits to Wealth Advisors • Democratize impact investing by providing availability, access and affordability • Decrease investment minimums, easing a key barrier to capital flows into impact investment • Provide ImpactAssets’ Investment Committee oversight • Offer financial as well as impact reporting Benefits to Investors • Offer entry-level product to increase trial of impact investing • Educate advisors on impact investing, increasing its potential for wide up-take Benefits to Impact Investing