Ecosystem Integrity Fund III
United States of America
Last updated 11 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / Canada (18)
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.
EIF targets above market venture capital returns, with private-equity type risk
of track record
the year funded
Ecosystem Integrity Management
Headquarters location: United States of America
Other funds managed by this asset manager: Ecosystem Integrity FundEcosystem Integrity Fund II
Expand and upgrade energy services for developing countries
Key performance indicators
Asset manager: Ecosystem Integrity Management
Product track record: Fund has 6 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: United States of America
Product status: Open - post first close
Style/Stage: Early Stage
Inception year: 2017
Vintage year: 2017
Target region: Canada, Developed countries, More developed regions, More developed regions (North America, Asia & Oceania)
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: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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
Phone number: (617) 901-1207
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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.