Impact Ventures UK
Last updated 11 May 2020, by Impactyield.
Impact Ventures UK (IVUK) is an award winning £36 million impact investment fund. It was launched by LGT Impact in association with Berenberg and with a cornerstone investment from Big Society Capital. IVUK’s diverse investor base includes UK and European institutional investors, asset owners and private clients, reflecting the appeal of the fund across different sources of capital. It is one of the first social impact funds to attract investment from a UK local authority pension fund.
IVUK invests in enterprises that create long-term social impact for disadvantaged people and communities in the UK as well as generate a financial return. We hope to realise the full potential of our investees, extending their reach beyond our investment and closing critical social gaps in the country for generations to come.
Investing £0.5m-£5m of equity/quasi-equity or debt into the following: a regulated charity, CLG, CIC, IPS, Co-Op, LLP, SSO with embedded solution mission and CLS.
Equal rights to ownership basic services technology and economic resources
Encourage companies to adopt sustainable practices and sustainability reporting
Free primary and secondary education
Full employment and decent work with equal pay
Increase access to financial services and markets
Key performance indicators
Asset manager: LGT Impact
Product track record: Fund has 7 years of track record
Target IRR: 7%
Committed Capital: 20,850,000 GBP (Pound Sterling)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - post first close
Style/Stage: Growth Stage
Inception year: 2015
Vintage year: 2014
Target close date: n.a.
Product term: 10
Assets under management: 35,000,000 GBP (Pound Sterling)
Investment size: Min: 500,000; Max: 5,000,000; Avg: 1,000,000
Currency of investments: GBP (Pound Sterling)
Currency for fund / product figures: GBP (Pound Sterling)
Fund investments to date: 8
Fund investments to date exited or repaid: 1
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Big Society Capital, European Investment Fund, Anton Jurgens Fonds, SharedImpact, The Golden Bottle Trust, The University of Northampton, Waltham Forest Pension Fund, Trust for London, Deutsche Bank Impact Investment Fund
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
The target impact objectives include:
(1) To improve material well-being, by targeting a beneficiary’s sufficiency of materials to lead a sustainable livelihood (e.g. income and assets, enough food at all times, shelter, furniture, clothing, and access to goods)
(2) To improve physical well-being, by targeting the quality of beneficiary’s health condition and environment (e.g. being strong, feeling well, and having healthy physical surroundings)
(3) To improve social well-being, by targeting the quality of beneficiaries’ social relations, including social cohesion, mutual respect, equality, good family relations, and participation (e.g. trust, consensus, and sense of belonging).