Root Capital selected for the 2011 ImpactAssets 50
FOR IMMEDIATE RELEASE
Cambridge, Massachusetts, 15 June, 2011 – Root Capital has been selected for the 2011 ImpactAssets 50—a list of leading private debt and equity fund managers that deliver social and environmental value in addition to financial returns. The list offers both new and seasoned impact investors a cumulative overview of managers that represent $8.9 billion of capital invested across multiple asset classes, geographies, and impact areas (including leaders from microfinance, community development, Fair Trade, and other sectors).
The ImpactAssets 50 is now available at www.impactassets.org. Fund managers are selected by an investment panel composed of industry experts. Criteria for inclusion include: more than three years of experience in the impact investing field; minimum assets of $5 million under management; and a demonstrated commitment to social and environmental impact at the portfolio level and corporate responsibility at the firm level.
“We are thrilled to join other industry leaders in the first open source, publicly published list of private debt and equity impact investment fund managers. The ImpactAssets 50 will serve as an invaluable tool for impact investors looking for a starting place for the discussions and due diligence that must take place before making any investment decision,” says Root Capital Founder and CEO William Foote.
Root Capital
Root Capital seeks to fill the “missing middle” of finance in developing countries—the underserved gap between microcredit and commercial financial institutions. It provides access to capital, delivers financial training, and strengthens market connections to small and growing businesses—such as farmer cooperatives—that build sustainable livelihoods and transform rural communities in poor, environmentally vulnerable places. Since Root Capital’s launch, it has provided $256 million in credit to 320 small and growing businesses in 30 countries throughout Latin America and sub-Saharan Africa.