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Fund geography
Impact First Investments manages the first Israeli investment vehicle specifically designed to leverage local technology and innovation to create global social impact. The vehicle aggregates capital from Israel and abroad to make early stage and follow on investments in globally scalable companies that provide technological solutions to global social, medical, and environmental challenges. To achieve its expected social and financial returns, its management team will leverage venture and debt capital, its vast experience in managing both financial-first and impact-first investments, and its extensive international network of business leaders and industry experts with the Israeli government’s proactive policy and support for technology oriented companies and projects.
The vehicle’s management team is comprised of seasoned investors, managers at leading Israeli VCs, and third sector executives. The Fund is attracting significant pro bono assistance from the business community in Israel and intends to leverage this in its day-to-day activities by involving business leaders on the fund level and in its portfolio companies.
Asset class
Fund status
Fund style
Financial description
The Fund’s investment strategy is built on an equity and debt financing structure, and therefore does not solely rely on exits, but rather a combination of equity returns and loan repayment to achieve its expected financial goals. The Fund aims to return market rates to its investors while it maintains its portfolio’s highest possible Social Return on Investment (SROI).
9 years
of track record
2015
the year funded
20,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Key performance indicators
Fund overview
Asset manager: Impact First Investments
Product track record: Fund has 9 years of track record
Target IRR: 20%
Committed Capital: 2,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Israel
Product status: Open - committed capital
Style/Stage: Early Stage, Seed Stage
Inception year: 2015
Vintage year: n.a.
Target region: Global
Target close date: n.a.
Product term: 10 years
Assets under management: 20,000,000 USD (US Dollar)
Investment size: Min: 100,000; Max: 500,000; Avg: 800,000
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: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 6%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: Dr. Yoav Ben-Dror, Mr. Nir Kalkstein, Mr. Meir Heth
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors
Contact
E-mail: info@impact1st.com
Website: http://www.impact1st.com/
Phone number: +97 254 7702586
If you wish to have your details removed from this database please email gdpr@impactyield.com
Cecile Blilious
Managing partner, Co-founder
Yoav Yardeni
Analyst
Impact Performance
n.a.
Impact thesis
The vehicle seeks to build a portfolio of globally scalable for profit social enterprises that provide technological solutions to global social, medical, agricultural, and environmental challenges. The Fund’s primary goal is to finance Israeli technology companies that specifically aim to improve the lives of individuals and communities around the globe.
To measure and quantify the social value of its portfolio, Impact First intends to operate as a GIIRS-rated fund. GIIRS will provide social and environmental performance ratings for Impact First as a fund and also for its portfolio companies in the impact areas of governance, workers, community, and environment. GIIRS will rate Impact First and its portfolio based on industry specific KPIs in each of its investment sectors.
Impact Management
n.a.
Financial benchmark
Others
Term Description:
Keywords
Bottom/Base of the PyramidMinorities/Previously Excluded PopulationsOthertechnology