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Ecosystem of Impact Investing
Impact funds
Recent Deals
Impact Funds
Description
Investments
Target IRR
Heading 6
Aims to future-proof New Zealand’s farmlands by applying large scale regenerative farming techniques to environmentally degraded and financially distressed dairy farmlands.
Undisclosed
12-15%
Undisclosed
12-15%
Heading 6
Through targeted investment and actions, we're accelerating the development of tools and technology to help New Zealand farmers reduce biogenic methane and nitrous oxide emissions from ruminant animals.
We’re scanning the world for solutions and we’re strategically deploying venture capital and catalyst funds to drive affordable and effective solutions for pasture-based farming.
Heading 6
Provide low-cost finance to New Zealand’s Community Housing Providers to build new, safe and affordable homes for Kiwis.
Priced to current interest rate market with a margin above the corresponding swap rate
Priced to current interest rate market with a margin above the corresponding swap rate
Heading 6
Investing in kiwi technology companies that help the world decarbonise.
Portfolio
Not disclosed
Portfolio
Not disclosed
Heading 6
PledgeMe helps Kiwis turn their plans into reality with crowdfunding. Crowdfunding is a way of raising money from your friends, family, customers, and fans.
Project Crowdfunding, Equity Crowdfunding, Crowdlending and Tā Koha
Project Crowdfunding, Equity Crowdfunding, Crowdlending and Tā Koha
Heading 6
An equity fund called Positive Property (managed by Positive Capital) that co-owns new social housing supply in partnership with registered charitable community housing providers.
Target pre-tax cash return of 4.5% or above
Target pre-tax cash return of 4.5% or above
Heading 6
Purpose Capital is a private equity stage fund whose mission is to drive social and environmental change and demonstrate a new way to make money work.
Risk adjusted returns
Risk adjusted returns
Heading 6
Soul Capital invests in enterprises and projects whose purpose is to tackle societal or environmental problems head on with innovation and scalable business models.
Varies
Varies
Aotearoa New Zealand’s unique impact investing network is made up of investors, businesses, governments, service providers, foundations and trusts, and other organisations.
This ecosystem is the foundation to the impact investing landscape, providing a platform full of resources to address social, environmental, and cultural impact goals and initiatives.
Ecosystem
Explore the Ecosystem:
NZ market $3.3b
Global market $715b+
12 NZ impact funds
Date
Name
Size
Details
Impact Funds
Impact Funds | Description | Investments | Target IRR | Status | Size |
|---|---|---|---|---|---|
Aims to future-proof New Zealand’s farmlands by applying large scale regenerative farming techniques to environmentally degraded and financially distressed dairy farmlands. | <p class="font_8">Undisclosed</p> | 12-15% | Beginning phase | Undisclosed | |
Through targeted investment and actions, we're accelerating the development of tools and technology to help New Zealand farmers reduce biogenic methane and nitrous oxide emissions from ruminant animals.
We’re scanning the world for solutions and we’re strategically deploying venture capital and catalyst funds to drive affordable and effective solutions for pasture-based farming. | Open | ||||
The fund is looking to invest across Australasia and the Pacific into early-stage ventures generating market returns and with potential for out-sized and mitigation of climate risk and/or its impact. | <p class="font_8"><a href="https://climatevcfund.com/blog"><u>Portfolio</u></a></p> | 20%+ | Open | $50m | |
Provide low-cost finance to New Zealand’s Community Housing Providers to build new, safe and affordable homes for Kiwis.
| <p class="font_8"><a href="https://communityfinance.co.nz/projects/"><u>$160m committed</u></a></p> | Priced to current interest rate market with a margin above the corresponding swap rate | Open | $500m | |
Investments focus on expansion opportunities in fast growing sectors such as sustainable food production, agriculture technology, healthcare, clean energy, and education. | <p class="font_8"><a href="https://impactenterprisefund.co.nz/portfolio"><u>Portfolio</u></a></p> | 15%+ | Closed | $9m | |
Investing in kiwi technology companies that help the world decarbonise. | <p class="font_8">Portfolio</p> | Not disclosed | Open | Undisclosed | |
A Fund that purchases existing homes throughout New Zealand and leases these properties to the government for the accommodation of vulnerable children and young people and their caregivers. | <p class="font_8"><a href="https://www.newground.co.nz/investments/new-ground-homes-for-tamariki"><u>More info</u></a></p> | 8%+ | Raising | $70m | |
A follow on fund to the Impact Enterprise Fund. Investments focus on expansion opportunities in fast growing sectors such as sustainable food production, agriculture technology, healthcare, clean energy, and education. | <p class="font_8"><a href="https://www.newground.co.nz/investments/new-ground-impact-enterprise-fund"><u>More info</u></a></p> | 15%+ | Raising capital | $30-$60m | |
PledgeMe helps Kiwis turn their plans into reality with crowdfunding. Crowdfunding is a way of raising money from your friends, family, customers, and fans. | <p class="font_8">Project Crowdfunding, Equity Crowdfunding, Crowdlending and Tā Koha</p> | Undisclosed | |||
An equity fund called Positive Property (managed by Positive Capital) that co-owns new social housing supply in partnership with registered charitable community housing providers. | <p class="font_8" style="text-align: left"><a href="https://www.linkedin.com/company/positive-capital-positive-property/"><u>$100m committed</u></a></p> | Target pre-tax cash return of 4.5% or above | Open | $500m | |
Purpose Capital is a private equity stage fund whose mission is to drive social and environmental change and demonstrate a new way to make money work. | <p class="font_8"><a href="https://www.purposecapital.co.nz/investments/"><u>Whakatōhea Mussels Ōpōtiki, Bureta Build to Rent, Homes for Tamariki, Lodestone Energy</u></a></p> | Risk adjusted returns | Accepting EOI for co-investment and fund 2
| $36m (AUM) | |
Soul Capital invests in enterprises and projects whose purpose is to tackle societal or environmental problems head on with innovation and scalable business models. | <p class="font_8"><a href="http://soul.capital/awhi"><u>Awhi Fund</u></a></p>
<p class="font_8"><a href="http://soul.capital/tepae"><u>Te Pae ki te Rangi Fund</u></a></p> | Varies | Awhi Fund: Fully Deployed
Te Pae ki te Rangi Fund: Investing, open to investor interest | $75m | |
The Te Puna Hapori (meaning "spring of wellbeing") Community Infrastructure Strategy aims to deliver safe, warm and healthy communities for individuals and families to build a home, be educated, grow and flourish.
| <p class="font_8"><a href="https://brightlightimpact.com/newsroom/generate-kiwisaver-scheme-helps-fight-nz-housing-crisis"><u>Social Housing Bond</u></a></p> | 3-4% | Raising capital | ||
Building a system to create new value for climate action. Through new impact assets, markets and network infrastructure we can allow the true value of regenerative action to be recognised and traded. We are on a mission to unleash impact investment to the frontline with urgency, and at scale. | <p class="font_8">Undisclosed</p> | Undisclosed | Open | Undisclosed |
Trusts and Foundations
Trusts and Foundations | Description | Impact Priorities | Programmes |
|---|---|---|---|
Community trust focused on community welfare in the Bay of Plenty area of New Zealand. The trust manages over $250m of investment capital with 10% of this capital targeted for impact investments and impact loans and the proceeds from all investments directed to community grants, impact loans and impact investments. | Kaitiakitanga, Community wellbeing, Tū Maori Mai
Healthy, Secure and Affordable Housing | ||
Guardian of community endowment of over $258 million. We help a wide range of groups and people here in the south every year by distributing millions of dollars in grants, scholarships and community loans. | Health, Wellbeing and Active Lifestyles; Community and Economic Development; Education; Arts, Heritage and Culture | ||
Provides grants and support to community organisations operating in the Gisborne Tairāwhiti, Hawke’s Bay, Tararua, Manawatu, Horowhenua and Wairarapa districts. | Children and young people; Māori; Families affected by disadvantage; Older people. | ||
Provides funding and support to initiatives large and small to respond to their communities now and for generations to come. In doing so, we support community-based initiatives in Tāmaki Makaurau and Te Tai Tokerau. | Increased Equity, Social Inclusion, Regenerative Environment, Community Support
| ||
We are focused on making the Waikato the most generous region on the planet. A better Waikato for everyone, forever. | Arts & Culture, Children & Youth, Economic Vitality, Education, Environment, Health, Recreation & Sport
Strong Communities. | ||
Community-owned charitable trust that provides grants to assist community projects that make a positive contribution to Otago communities. | Empowered communities; Improved health and wellbeing; Increased access to opportunities; Thriving children and young people. | ||
Supporting a wide range of not-for-profit organisations and groups from across the Rotorua community. | Vibrancy, Health, Environment, Education, Community | ||
South Island’s largest philanthropic funder. Each year we grant around $20 million to invest in community organisations in Canterbury, Marlborough, Nelson and the Chatham Islands. | Learn, Support, Connect, Participate, Sustain | ||
As a community-focused trust, we provide support for local initiatives, facilities and events that bring vibrancy, connectedness, growth and economic benefits to the Western Bay of Plenty and Tauranga regions. | Community Facilities, Development and Events | ||
Private philanthropic family foundation working throughout Aotearoa New Zealand. We are helping to build a stronger, sustainable nation so that family, communities and our environment thrive now and in the future. | Family, Community, Environment | ||
To support our communities to build a thriving, inclusive and equitable Taranaki. | Environment, Opportunities, Child and Youth Wellbeing, Māori Aspiration | ||
Dedicated to investing in a wide range of energy projects, spanning across Whakatāne, Ōpōtiki, Kawerau, and Kaingaroa Village. | Community Leadership, Community Pride, Sustainable Energy, Work-ready Rangatahi, Employed Locals | ||
Aims to achieve transformational change for people, families, communities and places where the need is greatest. | Arts and culture, Education, History, Social services, Sports and recreation, Youth, The environment | ||
Provider of community funding to Hamilton City & Waikato District. | Thriving Communities, Healthy Environment, Equitable Outcomes and Māori Aspirations.
|
Trusts and Foundations
Asset and Investment Managers
Asset and Investment Managers | Description | Impact Priorities |
|---|---|---|
We exist to transform lives through purposeful investing. We provide scalable investment solutions to help our value-led investors achieve our shared goal of a more socially and environmentally just world. | ||
Cure Kids Ventures (CKV) is New Zealand’s predominant seed and early stage healthcare investment fund that invests in New Zealand’s emerging healthcare companies which can positively impact the health of children. | Cure Kids Ventures (CKV) is owned by Cure Kids Foundation, New Zealand’s largest private funder of child health research. Since 2008, CKV has invested in a portfolio of companies with products and services covering medical devices, medications, diagnostics, health information and healthcare delivery systems. | |
Offers a world-class team of advisers right here in New Zealand, delivering innovative financial services and investment opportunities, supported by award-winning local and global research. | ||
First KiwiSaver Scheme to make an impact investment into social housing with a $15m investment in Salvation Army community bonds. | ||
Through our digital platform, world-class investment funds and quality financial resources, Kiwis now have an effective way to grow their savings over the long-term. | ||
The Guardians has a long-standing commitment to Responsible Investment. We believe environmental, social and governance considerations, including climate change, are fundamental to long-term risk and return. | ||
New Zealand Green Investment Finance is a green investment bank established with the purpose of accelerating investment to enable Aotearoa New Zealand’s low carbon future. | To reduce greenhouse gas emissions.
With a broad and flexible mandate, their investments take many forms, from debt to equity, with the ability to take risk positions that help attract co-investors.
Read about their investments here: https://nzgif.co.nz/investing/our-investments/ | |
Not only do we invest ethically, excluding sectors that do harm, but we actively invest in companies doing good. | ||
Simplicity is a non-profit funder manager, owned by the Simplicity Foundation. |
Advisory and service providers
Advisory and service providers | Description | Impact Priorities | Programmes |
|---|---|---|---|
Ākina is Aotearoa New Zealand’s leading impact development consultancy. | |||
Our specialists have backgrounds in sustainable finance, social finance, funds, charitable structuring, corporate governance, iwi and government. | |||
Through targeted packages of pro-bono (financial and business advisory) support, the accelerator connects Deloitte professionals to collaborate with game-changing enterprises that fulfill our purpose, by helping you achieve yours. | |||
Our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. | |||
We partner with for-purpose organisations to design solutions that secure financial resources that enables them to deliver greater impact. | |||
Home to the innovators, the dreamers, and the entrepreneurs who are creating tangible solutions to the world’s most pressing issues. | |||
Impact Ventures is a founding member and partner in the Impact Enterprise Fund, New Zealand’s first impact investing fund. Provides impact investing and corporate finance advisory services. | |||
ImpactLab was created to empower funders and service providers to make informed decisions. | |||
Provide legal services aimed at getting to the heart of what matters to our valued clients. | |||
We help clients integrate sustainability into their long-term strategic vision. | |||
Law firm, known as the go-to team for tackling complex legal problems. | |||
Help clients solve complex problems and optimise for positive impact. |
Government
Name and link | Description | Impact Priorities | Programmes |
|---|---|---|---|
Supports problem-solving and innovation in New Zealand’s food and fibre sector by co-investing in initiatives that make a positive and lasting difference. | |||
Supports projects that will minimise plastic waste and its harm on the environment.
| |||
Seeks to strengthen Pacific resilience through mid-size investments that generate inclusive employment and sustainable development.
|
NZ Resources
New Zealand Resources and Initiatives | Description | Programmes |
|---|---|---|
Auckland Council: Auckland Climate Response Grant | Auckland Climate Response Grants are one-off grants open to a range of groups particularly those who have not previously engaged with climate action activity or are rapidly building capacity in this area. | |
Auckland Council: Auckland Climate Strategic Grant | The Auckland Climate Strategic Grant supports programmes and activities aligning with one or more priority activity themes (Transport, Food, Energy, or Māori-led) with tangible or clearly quantifiable emissions reduction and/or resilience outcomes. Strategic grants will be expected to have more significant impacts than response grants. | |
Our purpose is to accelerate progress towards a sustainable, equitable and inclusive financial system in Aotearoa. | ||
We are a charity that promotes ethical investment and empower all New Zealanders to be responsible for how they invest their savings. | ||
The Responsible Investment Association Australasia (RIAA) champions responsible investing and a sustainable financial system in Australia and New Zealand. RIAA is dedicated to ensuring capital is aligned with achieving a healthy society, environment and economy. | ||
A network that enables system change in the areas of climate, waste and nature. | ||
WEAll Aotearoa is a non-partisan, Te Tiriti led, people-powered movement to transform the economic system to a Wellbeing Economy. Their mission is to redesign the economy around the wellbeing of our people and te taiao. | ||
In October 2021, the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill was passed and received Royal Assent. As a result, the XRB now has a mandate to issue climate standards as part of a climate-related disclosures framework, and guidance on non-financial matters. |
Asset and Investment Managers
Advisory and service providers
Government
New Zealand Resources and Initiatives
Global
Global | Description | Impact Priorities |
|---|---|---|
GIIN focuses on reducing barriers to impact investment so more investors can allocate capital to fund solutions to the world's most intractable challenges. GIIN does this by building critical infrastructure and developing activities, education, and research that help accelerate the development of a coherent impact investing industry. | ||
The Global Reporting Initiative is an international independent standards organisation that helps businesses, governments and other organisations understand and communicate their impacts on issues such as climate change, human rights and corruption. | ||
A registered UK charity since November 2017, The Global Steering Group for Impact Investment (GSG) currently has 35 member countries. Chaired by Sir Ronald Cohen, the GSG brings together leaders from finance, business and philanthropy to solve some of the world’s most pressing social and environmental challenges. GSG is an independent organisation catalysing impact investment and entrepreneurship to benefit people and the planet. | ||
The IMP has brought together a range of different organisations to build and further global consensus on how to measure, assess and report impacts on people and the environment. | ||
The mission of the Impact-Weighted Accounts Project is to drive the creation of financial accounts that reflect a company’s financial, social, and environmental performance. Its ambition is to create accounting statements that transparently capture external impacts in a way that drives investor and managerial decision making. | ||
SASB Standards guide the disclosure of financially material sustainability information by companies to their investors. Available for 77 industries, the Standards identify the subset of environmental, social, and governance issues most relevant to financial performance in each industry. | ||
The Task Force on Climate Related Financial Disclosures provides information to investors about what companies are doing to mitigate the risks of climate change, as well as be transparent about the way in which they are governed
| ||
The Taskforce on Nature-Related Financial Disclosures will develop recommendations that organisations can follow when disclosing information about the exposure of their companies to natural hazards. | ||
Toniic is a global community of asset owners seeking deeper positive net impact across the spectrum of capital | ||
The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation | ||
The Value Reporting Foundation is a global nonprofit organisation that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value—how it is created, preserved or eroded over time. The resources— including the Integrated Thinking Principles, the Integrated Reporting Framework and SASB Standards—can be used alone or in combination, depending on business needs. |
Global
Education
Education | Description | Impact Priorities | Programmes |
|---|---|---|---|
A treasure trove of free how-to resources for impact-led organisations including; impact investment, measurement and models; social procurement; social lean canvas; social enterprise business models. | |||
The Value Reporting Foundation is a global nonprofit organisation that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value—how it is created, preserved or eroded over time. The resources— including the Integrated Thinking Principles, the Integrated Reporting Framework and SASB Standards—can be used alone or in combination, depending on business needs. |
Indigenous
Indigenous | Description | Impact Priorities |
|---|---|---|
Indigenous ethical investing, Te Kōwhiringa Tapu is the process. We apply ancestral Māori knowledge to determine
a set of key principles to guide and drive investment behaviours and decisions. | Indigenous investing, regeneration | |
Economic wellbeing of our communities and Te Taiao at its core. | ||
Impact investment fund seeking to deliver on three focus areas (increased equity, social inclusion, regenerative environments) in Tamaki Makaurau and Te Taitokerau. | Increased Equity/Hāpai te ōritetanga, Social Inclusion/Whakauru mai, Regenerative Environments/Whakahou taiao | |
We collaborate closely with investors, funders, local and indigenous communities to design systemic investment programmes and projects. | Tikangi-led, Climate Innovation, Housing |
Education
Indigenous
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