Ecosystem Integrity Fund III

United States of America

Last updated 11 May 2020, by Impactyield.

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Ecosystem Integrity Fund (“EIF”) is a sustainability-focused venture capital firm. In January, we launched our third VC fund, Ecosystem Integrity Fund III, L.P. (“Fund III”) with a target of $150M. To date we’ve raised about half of the fund, made our first three investments, and expect to hold a final close at the end of 2017.

EIF generates high VC returns by investing in early stage companies that contribute to environmental sustainability. Investment team members have been working together continuously since 2007, focused exclusively on sustainability. However, the fund doesn’t compromise upside for “impact,” rather we believe that investing in the inevitable transformations of industries to more efficient modes of operation will drive outsized returns.

EIF Fund I is a 2011 vintage, $20M fund with six portfolio companies and two realized exits. Net to LP IRR is 38.4% and DPI is 1.8x, ranking EIF I #1 for the 2011 VY in the Cambridge Associates VC benchmark. EIF Fund II is a 2014 vintage, $57M fund with six portfolio companies, all of which doubled revenues in 2016.

EIF is fundamentally a value investor, targeting companies in niches that don’t attract capital from mainstream investors. EIF’s strategy as an early stage investor is unique in that we seek substantial ownership positions (typically 20-40%) in capital-efficient, revenue-generating companies, and we do not generally take technology risk. Comparatively modest exits drive outstanding fund level returns.



Financial description

EIF targets above market venture capital returns, with private-equity type risk

5 years

of track record

2017

the year funded

100,000,000 USD

AUM

Asset manager

SDG goals

SDG targets

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: Ecosystem Integrity Management

Product track record: Fund has 5 years of track record

Target IRR: 25%

Committed Capital: 50,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2017

Vintage year: 2017

Target region: , , ,

Target close date: 01/12/2017

Product term: 10 year term

Assets under management: 100,000,000 USD (US Dollar)

Investment size: Min: 3,000,000; Max: 5,000,000; Avg: 5,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 3

Fund investments to date exited or repaid: 1

Management fee: 2%

Carried interest: 20%

Hurdle rate: n.a.

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: Christopher Reynolds Foundation, Silicon Valley Community Foundation, Caprock Group, Veris Wealth, Colonial Consulting, Blue Moon Fund, Forsythia Foundation

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://www.ecosystemintegrity.com

Phone number: (617) 901-1207

If you wish to have your details removed from this database please email gdpr@impactyield.com


Geoff Eisenbery

Principal

James Everett

Founding Partner

Sasha Brown

Principal

Impact Performance

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n.a.

Impact thesis

EIF Fund III invests only in early-stage companies contributing to environmental sustainability, making things more efficient, more functional, less toxic, and less costly across the largest industries in the world – energy, food, water, transportation, building materials, etc
Our strategy is driven by careful study of systems and related sectors. We target niches and opportunities that have not received the investor attention they deserve. Our goals are to remove obstacles to systemic change, and to put in place building blocks that enable greater systemic change over time.

Impact Management

n.a.

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