For Immediate Release
IMPACT CAPITAL MANAGERS ANNOUNCES NEW LP LEADERS CIRCLE AND INAUGURAL CIRCLE MEMBER, NEW SUMMIT INVESTMENTS
NEW YORK, June 2, 2021 – Impact Capital Managers (ICM) announced today a new LP Leaders Circle as part of its growing impact-focused private capital community, and recognized New Summit Investments as its inaugural LP Leaders Circle member. ICM’s LP Leaders Circle is comprised of firms who support the association’s work to develop the best-in-class impact fund managers investing for superior returns and meaningful impact; to scale the impact investing marketplace with authenticity and integrity; and to cultivate a diverse and skilled pipeline of talent to the field. LP Leaders Circle members are invested in at least one ICM member fund, and engage with ICM members on a variety of initiatives.
ICM’s inaugural LP Leader Circle member New Summit Investments develops and manages private market impact investment products. The firm efficiently opens access and channels capital to investments that target positive social and environmental outcomes while seeking competitive financial returns. It believes an increasingly connected and interdependent world will reward enterprises that focus on building a just economy in balance with natural systems.
Marieke Spence, Executive Director of ICM, noted, “The LP Leaders Circle and ICM’s partnership with New Summit Investments represent a natural evolution of our growth story and extension of our network of general partners, who are seeking positive impact through investments while seeking competitive, market-rate returns.” Spence also referenced the synergy represented by its inaugural LP Leaders Circle member. “New Summit was an early leader in the field, encapsulating both the impact ethos and financial outperformance that demonstrate the power of purpose-driven capital. ICM is excited to carry forward its collaboration with the New Summit team, and other like-minded LPs to scale the impact investing market with integrity and authenticity.”
Spence highlighted that LP Leaders Circle members will receive invitations to ICM’s Capital Calls Series, featuring non-transactional introductions to ICM members funds and the chance to ask questions during deeper-dive conversations. They will also engage via ICM’s semiannual, invitation-only GP-LP Perspectives panels and networking receptions dovetailing with member convenings and have the option to participate in ICM’s Mosaic Fellowship Program, a flagship initiative of ICM’s commitment to talent and diversity and a strategic priority for the organization.
New Summit Investments Co-founder and Managing Partner Alex Lamb commented, “We are delighted to formalize our engagement with ICM members and to support the organization’s efforts to develop best-in-class impact fund managers. At New Summit we strive to broaden the base of capital which has access to the impact space and drive returns that matter.” He added, “We have investment partnerships with several ICM members; their growth story is reflected in our returns. Engaging with this organization enables us to meet the next generation of impact fund market-leaders and support quality and standards in the field.”
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About Impact Capital Managers
Impact Capital Managers is a not-for-profit network of private capital fund managers investing for superior financial returns and meaningful impact, with a mission to accelerate the performance of its members and to scale the private capital impact investing market with integrity and authenticity. Membership is by invitation only. Today, the network includes 65+ funds collectively representing more than $13B in impact-focused capital. For more information, visit www.impactcapitalmanagers.com.
Contact:
Marieke Spence
Executive Director
Impact Capital Managers
mspence@impactcapitalmanagers.com