Long Term Thinking
The new year has gotten off to a quick start for Active Impact. We’re thrilled to share the imminent launch of our next fund, Active Impact Fund II.
We’ve been blown away by the demand from new and existing LPs and as a result, we plan to complete our first close at the end of this month. We already have over $34M committed and are in due diligence with a number of institutions. At this point, with over 100 entities interested in our last few permitted LP spots, we hope to have the great fortune of determining which investors will be most strategic to our future success. Thank you to our community for the continued support of our mission to profitably facilitate our planet’s transition from finite to infinite.
As a 10-year fund, we’re grateful for the mandate to stay focused on fundamentals, market needs and broader shifts in macroeconomic trends in contrast to the latest crazes in the public markets (crypto, SPACs, Gamestop, etc). Given the momentum we’ve been seeing in sustainability, we’re incredibly excited to be investing where we are, but it’s important for us to remain committed to price discipline. We continue to fine tune our support model for companies, with a laser focus on revenue growth and talent attraction. As of this writing, our portfolio companies have grown their revenue on average over 5x and 45% of our portfolio companies benefit from a key hire we’ve placed in the company. We believe this hands-on approach accelerates the adoption of these needed technologies and continues to add value for our LPs, even amidst a world where the relationship between price and value feels increasingly unclear. We’re grateful to be on this journey with you all, and excited about the impact and possibilities Fund II will bring.