Impact investing trailblazer Impact Assets has selected NESsT to this year’s IA 50 Emerging Impact Managers list of newer fund managers to watch that demonstrate potential to create meaningful impact.
“This is the third consecutive year that NESsT has been included in ImpactAssets’ list as an Emerging Impact Manager. We are honored for this recognition, and remain committed to our mission of catalyzing social enterprises with business acceleration and patient financing to help them reach the next level of impact.”
The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options.
This year’s list is composed of 155 impact fund managers selected from an unprecedented 343 applications, a submission volume that is 15% higher than last year. This growth signals increased interest in the IA 50, alongside expansion and maturation of the impact investing industry at large
“The IA 50 has become a trusted resource in the industry, not only for its comprehensive listing but also for its rigorous selection process managed by a diverse and expert review committee,” said Sandra Osborne Kartt, CFA, Deputy Chief Investment Officer of ImpactAssets Capital Partners. “The record number of applications this year reflects the growth and maturation of impact investing in the global financial landscape,” she added.
“The IA 50 2024 is a testament to the industry's commitment to harnessing the power of capital for good and a preview of the more systemic integration of impact considerations we can expect in the future,” commented Jed Emerson, ImpactAssets Senior Fellow, IA 50 Review Committee Chair, and Chief Impact Officer at AlTi Global.
Despre NESsT
NESsT supports social enterprises through two businesses: (1) loan funds that provide patient debt financing to purpose-driven small and growing businesses in emerging markets and (2) an accelerator program that catalyzes impact-focused enterprises toward growth and investment readiness.
Since its founding in 1997, NESsT has invested over $33M and trained and supported over 36,000 entrepreneurs across 50 countries. It has accelerated and financed 243 enterprises, in total sustaining more than 100,000 formal jobs and improving the lives of over 1.6 million people from the most marginalized communities around the world, including Black people, Indigenous peoples, the LGBTQIA+ community, migrants and refugees, people with disabilities, smallholder farmers, women, and youth.
About ImpactAssets
ImpactAssets is an impact investing trailblazer dedicated to changing the trajectory of the planet’s future and improving the lives of all people. As a leading impact investing firm, ImpactAssets offers deep strategic expertise to help its clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with its clients through its impact investment platform, philanthropic solutions, and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. ImpactAssets has more than $3 billion in assets, working with purpose-driven individuals and their wealth managers, family offices, foundations, and corporations. ImpactAssets is an independent 501(c)(3) organization.