Impact Ventures UK

Luxembourg

Last updated 11 May 2020, by Impactyield.

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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.



Financial description

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.

7 years

of track record

2015

the year funded

35,000,000 GBP

AUM

Asset manager

LGT Impact

Website

Headquarters location:

SDG goals

SDG targets

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

Fund overview

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:

Product status:

Style/Stage:

Inception year: 2015

Vintage year: 2014

Target region: , , ,

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

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

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

Contact

E-mail: n.a.

Website: http://www.impactventuresuk.com

Phone number: +44 (0) 203 405 2932

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


Kevin Bone

Partner, IVUK

Raf Goovaerts

Managing Partner

Impact Performance

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n.a.

Impact thesis

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).

Impact Management

n.a.

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