Competitive Milestone Helps Growing Number of Impact Investors Focus on Meaningful Social and Environmental Change
Impact investment firm Enhanced Capital Group (1999), which invests in overlooked projects with tangible community benefits, was named to the ImpactAssets 50 (IA 50), a free annual database for impact investors, family offices, corporate and family foundations, and institutional investors. IA 50 features a competitive, diversified listing of private capital fund managers with distinguished and measurable track records delivering social and environmental impact and financial returns. The IA 50 connects the rapidly growing number of investors and financial advisors with the country’s leading impact investment firms, helping them achieve substantial and impactful change.
“Our key competitive advantage is our understanding of the lower middle market and how to best tailor financing solutions to growing businesses that lack access to conventional capital sources and meet our credit objectives,” said Michael Korengold, Enhanced Capital Group CEO. “Our robust team of professionals has completed deals in 38 states, DC, and Puerto Rico, alongside a track record demonstrating our ability to consistently originate, diligence and execute high-quality transactions in underserved markets throughout the U.S., with sustainable outcomes in mind.”
Since 2012, impact investing has grown tenfold in market size, now representing one in every three investment dollars in the United States, according to Rockefeller philanthropy. ImpactAssets examines each impact fund, as well as the execution of funds to help ensure impact investors that these private-capital fund managers are delivering positive, qualified results.
“We have remained steadfast in our commitment to creating quality jobs and growing businesses in underserved communities since 1999,” said Gingee Prince, Chief Impact Officer and Managing Director at Enhanced Capital. “As our firm has grown, we’ve continued to amplify our impact measurements through additional metrics, screening processes, and annual assessments, to better quantify the primary, secondary, and tertiary impacts our investments drive.
Enhanced Capital has invested $2.6 billion in Impact Assets across its Small Business Lending, Impact Real Estate, and Climate Finance Strategies, including $1.4 billion capital deployed in Small Business Lending, $899 million in Impact Real Estate, and $285 million in Climate Finance. Investments in solar assets will generate 16 billion kWh of renewable energy over the portfolio’s lifetime.1
- Data as of December 31, 2021, and all amounts are since inception in 1999. Of the total AUM, impact assets represent $2.6 Billion and do not include investments made by affiliates.