Investment Strategy
Our Mission Related Investment (MRI) themes include the following (by region):
Biotech/Health Care
Global South
At least half of the world’s population does not have access to essential health services. Each year, families fall into poverty due to healthcare expenses. We invest in fund managers who leverage technological innovation and new delivery mechanisms to increase access to healthcare products and services for low-income and underserved populations.
Financial Inclusion
Global South
Economic prosperity depends on access to affordable financial services. We invest in fund managers working to help billions of low-wage earners in the Global South access affordable financial products and services. Our primary focus is supporting fund managers who can identify and help grow companies through sustainable financial technology (fintech) solutions.
Quality Jobs
U.S.
Technological advances, globalization, and private equity models designed to generate short-term profits have led to a toxic business culture, lower wages, fewer benefits, worker disengagement, and reduced opportunities for upward mobility. We invest in private equity fund managers dedicated to human capital investment and operational design that considers people. Improving operational productivity and bottom-line performance requires a business culture that engages workers by treating them as valuable human capital worthy of investment rather than fungible expenses.
Diverse Fund Managers
U.S., Global South
In the U.S., women and people of color are 70% of the population yet manage only 1% of the $80 trillion in assets under management (as of June 2024). Studies show that investment firms led by women and people of color perform as well as or better than firms led by white men. Such funds are also more likely to allocate capital to more diverse companies and donate to underserved, racially diverse communities. By ensuring a fair, unbiased evaluation of diverse fund managers, our investments build a stronger, more inclusive economy.
Multifamily, Affordable Rental Housing
U.S.
Millions of low-wage earners struggle to pay rent and live in communities with scant opportunities. We invest with fund managers to develop and preserve affordable, high-quality multifamily rental housing that will provide stable homes for low- and middle-income earners and financial returns for investors.
Inclusive Capitalism
U.S., Global South
Impact investing is on the rise, and as more investors see the benefits of striving for a more inclusive form of capitalism, the need for relevant tracking and data on this progress is becoming increasingly important. We believe that by supporting the broader impact investing sector and helping to streamline and standardize high-quality and reliable data, we can spur meaningful change and a more just economy.