Vermont Works Impact Partners I LP

United States of America

Last updated 11 May 2020, by Impactyield.

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Vermont Works Impact Partners I LP is a Burlington, VT based private equity fund that is focused on delivering both competitive financial returns and social impact in support of Vermont’s job and enterprise development. Vermont Works is unique in its focus on Vermont Social Impact as there is no other professionally managed fund in the state focused on investing solely in Vermont and measured on a “double bottom line” basis.



Financial description

Vermont Works will be involved in portfolio company governance to ensure execution of blueprint, measurement and accountability for social and environmental impact. The Fund also maintains the ability to “call back” capital if a portfolio company seeks to re-domicile away from Vermont. Vermont Works is committed to transparency by measuring and reporting underlying investments’ social and environmental performance. Vermont Works has developed a bespoke impact reporting methodology based on industry standards that will meet the needs of its portfolio companies.

6 years

of track record

2016

the year funded

50,000,000 USD

AUM

SDG goals

SDG targets

Reduce maternal mortality

Full employment and decent work with equal pay

Key performance indicators

Fund overview

Asset manager: Vermont Works Management Company

Product track record: Fund has 6 years of track record

Target IRR: n.a.

Committed Capital: n.a.

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

Fund domicile:

Product status:

Style/Stage:

Inception year: 2016

Vintage year: 2016

Target region: , , ,

Target close date: 01/10/2017

Product term: 10 years, but the general partner has the right to extend to 11 years under certain circumstances

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 175,000; Max: 750,000; Avg: 300,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 4

Fund investments to date exited or repaid: 1

Management fee: 1%

Carried interest: 20%

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: VSECU (https://www.vsecu.com/)

Limited Partner / Investor Type: n.a.

Contact

E-mail: n.a.

Website: http://www.vermontworks.org

Phone number: (802) 540-2064

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


Frank Koster

Chief Executive Officer

Robert Zulkoski

Chairman & Managing Partner

Impact Performance

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n.a.

Impact thesis

The Kaufman Index of Entrepreneurship ranks Vermont #5 in the nation for startup activity but only #49 for scale-up activity. Equally concerning, Vermont is ranked #1 in population decline and #2 in aging in the United States, per capita. Vermont Works believes that closing the gap between #5 & #49 is the investable opportunity. The capital raised by Vermont Works will address three primary challenges faced by Vermont Startups: Lack of growth-stage equity capital, insufficient structured mentorship & talent development as well as an insular, closed-loop mentality.

Impact Management

n.a.

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