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Resources created and curated to support the growth of impact investing, for those new to the field and for experienced practitioners.

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ImpactAssets 50: A Global Landscape of Impact Investment Fund Managers
The ImpactAssets 50 (IA 50) is the first open-source, publicly published database of experienced private debt and equity impact investment fund managers.
http://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

Global Partnerships

Total Assets Under Management: $51 – 99MM
Asset Class: Private Debt - Absolute Return / Notes
Geographic Focus:
Impact Investment Focus:
Clean Technology
Health and Wellness
Fair Trade
Sustainable Agriculture
Small and Medium Business Development
Microfinance/Low-Income Financial Services/Micro-insurance
Global Health

Firm Overview

Founded in 1994, Global Partnerships (GP) is a nonprofit impact investor whose mission is to expand opportunity for people living in poverty. We pioneer and invest in sustainable solutions that help impoverished people earn a living and improve their lives.
Firm Headquarters: US & Canada
Years of Operation: More than 10 years
Total Assets Under Management:
$51 – 99MM
Total Number of Investors: More than 25
% of Capital from Top 3 Investors: 50 – 100%
Investment Thesis:
GP invests in social enterprises that deliver essential goods and services to poor and underserved households. Our investments target partners working within one or more of four impact areas: health services, rural livelihoods, green technology and microentrepreneurship.

Investment Example

IDEPRO is a Bolivian microfinance institution whose mission is to improve the productivity and competitiveness of small farmers and micro, small and medium enterprises through the provision of specialized and integrated services. The organization has pioneered an innovative, value chain approach that provides underserved producers with the tools and resources needed to lift themselves out of poverty. IDEPRO has identified six productive value chains that rely on a large base of small producers, including Brazil nuts, quinoa, wood, grapes/wine, textiles and tourism. Within these verticals IDEPRO builds partnerships with primary producers and secondary processors, offering tailored credit, education, and technical assistance that increases client incomes and improves their livelihoods. In doing so IDEPRO ensures that small farmers have access to lower cost, high quality inputs as well as predictable, higher priced markets. These interventions are sustainable because they also benefit suppliers and traders who seek consistent, high quality sales.

Leadership and Team

Cumulative Leadership Experience in Investing:
More than 30 years
Cumulative Impact Experience of Top Three Firm Leaders:
20 – 30 years
Rick Beckett – President & CEO More Info

Rick Beckett is the president and CEO of Global Partnerships and has led the organization's strategic expansion as a social investor since 2006. Prior to joining Global Partnerships, Rick was managing director of a $112 million private equity fund investing in middle-market companies and early stage ventures. Rick spent 10 years at McKinsey & Company where he served financial institution and healthcare clients on strategy and performance. He specialized in helping not-for-profit organizations achieve superior results in competitive markets.

Mark Coffey – Chief Investment & Operating Officer More Info

Mark oversees Global Partnerships' (GP) social investment funds, directing both the capitalization of GP investment funds and the lending of capital to GP's microfinance and cooperative partners. Prior to his work at Global Partnerships, he served as President of ShoreBank Pacific, the first commercial bank in the United States with a focus on environmentally sustainable community development. Mark has more than 25 years experience in banking and lending, including serving in executive roles at Homestead Capital, Bank of the Northwest, First Interstate Securities and First Interstate Bank of Texas.

Peter Bladin – Chief Program & Impact Officer More Info

Peter oversees Global Partnerships' (GP) Programs and Impact Initiatives Team, which researches, develops and executes programmatic work across all impact areas. The team provides technical assistance to GP’s partners that are using market-sustainable solutions. Peter’s team also drives GP’s research into new impact areas and impact measurement. Peter joined GP's staff in September 2012, having previously served on its board. Prior to joining GP, Peter was the executive vice president of programs and regions at Grameen Foundation (GF), where he oversaw all microfinance and technology programs as well as the foundation's global strategies. He joined GF in 2001 when he founded the Grameen Technology Center and built it into a global leader in using information and communication technologies (ICT) for alleviating poverty.

Gail DeGiulio – Chief Capital Resource Officer More Info

As a member of the executive leadership team Gail oversees all investor and donor fundraising, and marketing at Global Partnerships. Prior to joining GP, Gail spent over 25 years as a senior executive and entrepreneurial leader, building and leading Fortune 50 to early stage technology and consumer companies. Gail has over 20 years of experience in raising venture capital and leading fundraising campaigns for early-stage enterprises and nonprofits. She has held positions as an executive at Amazon, senior vice president of business development at the WNBA Seattle Storm, CEO and cofounder of SimplyFun LLC, senior vice president of marketing at Classmates Online, vice president of marketing and new products at Wizards of the Coast/Hasbro as well as variety of senior marketing and business development roles at Microsoft Corporation and Toshiba America.

Ricardo Visbal – VP, Portfolio Managment More Info

Ricardo manages relationships with all of Global Partnerships’ partners in Latin America. He works directly with current and potential partners in Bolivia, Colombia, Haiti, Guatemala and Chile. Ricardo is also responsible for identifying financially self-sustaining microfinance institutions (MFIs) that provide both financial services and nonfinancial essential services within GP’s impact portfolios of: health services, rural livelihoods, green technology and micro entrepreneurship. With 12 years of industry experience, Ricardo has previously worked for the Central American Bank for Economic Integration, the largest development bank in Central America.

Percentage of Investment Professionals who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
More than 50%
Percentage of Board Members who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
25% – 50%

Financial Performance

Target Financial Returns Relative to Benchmark:
Near-market Rates
Actual Performance Relative to Target Financial Returns in the Past Three Years:
In line with initial target returns
Financial Reporting Frequency to Investors or Donors
Quarterly

Impact Performance

Percentage of Total Assets Under
Management that are Impact Investments:
100%
Target Impact Outcomes:
Addressing climate change and environmental issues
Alleviating poverty
Conserving land, ecosystems and natural resources
Creating jobs
Increasing access to education and improving educational outcomes
Increasing access to financial services
Increasing access to healthcare services and improving health
Increasing access to water and sanitation
Promoting arts and media
Providing housing
Other: Increasing access to capital and resources for smallholder farmers
Value-added Services Offered:
Access to markets
Business and legal training
Financial literacy training
Technology training
Health services
Education services
Other: Essential goods and services such as solar lamps and medicines

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:
Global Partnerships only invests in social enterprises that are focused on serving poor and underserved clients within the impact areas of health services, rural livelihoods, green technology and microentrepreneurship. We screen potential investees using social criteria prior to evaluating their financial performance, and a requirement is the provision of essential goods or services within our designated impact areas.

Investments systematically include social and environmental sustainability practices in the due diligence process:
On an annual basis we certify that our investees are in compliance with environment and social requirements as established by the IFC's Performance Standards on Social and Environmental sustainability.

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes - on regular basis (annual or quarterly)
Third Party Validations:
Participant on steering committees or leadership roles within impact industry associations
Publisher or contributor to industry white paper or other research in impact investing
None
Industry Impact Metric Tools Used:
Impact Reporting and Investment Standards (IRIS)

Learn More

Key Contact Name: Jason Henning
Phone: (206) 456-7832
Mailing Address:
1932 First Avenue, Suite 400
Seattle, WA 98101

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Impact investments are investments made into organizations and funds that generate measurable social and environmental impact as well as financial returns.