The Impact Enterprise Fund, New Zealand’s first domestically-focused Impact Investing Fund, has been established for investors wanting to support the creation of positive social and environmental outcomes as well as generate full market-rate financial returns.

The Fund’s investment thesis is based on the recognition that mission-driven businesses focused on achieving a meaningful social and/or environmental impact are generally those at the cutting edge of disruptive social and environmental innovations and can be expected to outperform their traditional predecessors. Investments will focus on expansion opportunities in fast growing sectors such as sustainable food production, agriculture technology, healthcare, clean energy, and education. The Fund is targeting market-rate financial returns (minimum 15% IRR hurdles on investments), with the societal or environmental impact element additional value creation rather than financial concession.

The Fund completed a Final Close in November 2018, having raised close to $9 million.