ImpactAssets COVID Response Fund
ImpactAssets, a nonprofit impact investment firm that invests in funds and companies that create social and environmental return alongside of financial return, today announced the launch of the ImpactAssets COVID Response Fund, a hybrid of rapid-response charitable giving and flexible impact investing with an initial capacity of more than $1 billion in investment opportunities.
The Fund will focus on the immediate unmet needs of small businesses and individuals as well as companies fighting on the front lines of the pandemic, across three groups of beneficiaries:
- Small businesses and individuals in communities hardest hit by the economic downturn;
- Frontline Heroes: companies and projects that advance our immediate fight against the pandemic, including treatments and vaccinations, personal protection equipment (PPE) manufacturing and delivery of health services;
- Mission-Critical Changemakers: companies that have materially advanced progress on climate change and social equity and whose survival is integral to preserving and continuing that progress.