Root Capital selected for the ImpactAssets 50 2012
FOR IMMEDIATE RELEASE
Cambridge, Massachusetts, October 2, 2012 –ImpactAssets announced today that Root Capital was selected, for a second straight year, to be part of ImpactAssets 50 2012 (“The IA 50 2012”), an open-source, publicly published database of experienced private debt and equity impact investment fund managers.
The IA 50 is an annual list that offers investors and their wealth advisors an easy way to identify experienced impact investors and explore potential investment options. Available at http://www.impactassets.org/impactassets-50 ,the IA 50 illustrates the breadth of impact investment fund managers operating today; the IA 50 2012 represent billions of capital invested across geographies, sectors, asset classes and impact areas such as community development, microfinance and clean technology.
A committee of industry experts chaired by ImpactAssets’ chief strategist, Jed Emerson, selected Root Capital based on criteria including: having more than three years of experience in the impact investing field; investing through private debt or equity; and demonstrating commitment to social and environmental impact.
“Impact Investing has the potential to become a powerful vehicle for efficient delivery of capital towards solving some of our planet’s most pressing social and environmental challenges,” said Willy Foote, founder and CEO of Root Capital. “For the nascent field to reach its full potential, however, both a larger-scale deployment of capital and a more rigorous assessment of impact are needed. This database helps spur the field on both fronts.
About Root Capital
Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnderable places in Africa and Latin America by lending capital, delivering financial training and strengthening market connections for small and growing agricultural businesses. Since its founding in 1999, Root Capital has disbursed $436 million to 460 small and growing businesses in Africa and Latin America, reaching 2.6 million households.
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social and environmental returns. Our impact investment strategies, donor advised fund and knowledge resources provide a dynamic platform for wealth managers and the clients they serve to advance social or environmental change through investment. ImpactAssets seeks to shed light on and drive capital to the field’s most promising organizations and initiatives, helping to build the field of impact investing.