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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.
https://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

Enterprise Community Partners

Total Assets Under Management: >$250MM
Asset Class: Private Debt - Absolute Return / Notes, Public Equity, Real Estate
Geographic Focus:
Impact Investment Focus:
Nutrition, Health and Wellness
Affordable Housing and Community Development
Education and Charter Schools

Firm Overview

Category: Private Debt - CDFIs
As a proven and powerful nonprofit, Enterprise brings together nationwide know-how, partners, policy leadership, and investment to multiply our impact in communities across America. Our mission is to create opportunity by building strong, diverse communities so families can succeed. We're in this work for the long haul; we're in it for good.    Our story began 30 years ago, and is rooted in a rich history of investing in real estate assets - homes, schools, health centers, community hubs for artists and entrepreneurs, and more - that have the power to transform neighborhoods. To date, Enterprise has invested $28.9 billion throughout the nation, touching millions of lives.    In 2010, we began offering private investment products and funds that allow retail, accredited, and institutional investors to leverage our expertise, providing new opportunities to make data-informed impact investments that deliver both a social and financial return.
Firm Headquarters: US & Canada
Years of Operation: More than 10 years
Total Assets Under Management:
>$250MM
Total Number of Investors: More than 25
% of Capital from Top 3 Investors: 25 – 50%
Investment Thesis:
Your capital is on a mission at Enterprise, where investments are informed by our work on-the-ground, elevated through data collection and measurement, and have the potential to seed wide-scale change thanks to our national policy and thought leadership platform.
 
Investment Overview:
Investors are truly seeding new pilot programs, innovative models, and theories of change. Enterprise believes that every dollar should be invested in a way that levers exponential impact. Our "Beyond Investing" strategy is enabled by the way we are structured – connecting finance, policy, impact measurement, and local experts under one roof.    Our investments are informed by the work we do on-the-ground alongside local stakeholders and governments. Once investments are made and assets are operational, our Knowledge, Impact & Strategies team rigorously tracks the outcomes. We use the qualitative and quantitative data captured to inform our investment strategy and provide impact insights to our investors. We elevate data gathered from successful investments to share best practices and lessons learned so these models are replicated throughout the nation. Further, our Public Policy team advocates at the federal and local levels for policies and programs that support these models and can create systemic change.

Investment Example

In 2016, we launched an option through the Enterprise Community Impact Note which allows investors to support affordable housing in the Washington, D.C. region – Our Region, Your Investment. To-date, $12 million has been raised from retail, accredited and institutional investors to protect nearly 500 homes through this initiative.    Our Knowledge team delivered a Social Return on Investment (SROI) report in 2017 to complement the impact reporting provided on each of the five housing transactions supported by Our Region, Your Investment. The SROI report provided qualitative and quantitative data on the positive benefits of homes that are affordable and connected to opportunity and how local investors can pool resources to mitigate risk and have a deep impact in their community. The report is being used to advocate for best practices to preserve affordable homes and 2) tax incentives for impact investors in Washington, D.C. and at the federal level.

Leadership and Team

Cumulative Leadership Experience in Investing:
More than 30 years
Cumulative Impact Experience of Top Three Firm Leaders:
More than 30 years
Lori Chatman – President More Info

Lori Chatman is the president of the Enterprise Community Loan Fund and a senior vice president of Enterprise Community Partners. Lori oversees the daily operations of the loan fund and leads Enterprise’s efforts to raise and deploy capital through large-scale regional and local loan funds. Lori joined Enterprise in November 2004 with more than 15 years of progressively responsible experience in the field. Prior to her current position, she was the senior vice president and chief credit officer for the loan fund with the responsibility of reviewing and approving loan transactions and overseeing the loan portfolio. Lori was responsible for maintaining credit quality and standards.

Charlotte Crow – Senior Vice President and Treasurer More Info

harlotte Crow is the senior vice president of the Enterprise Community Loan Fund, responsible for raising capital, investor relations, cash management and general treasury functions. She brings 25 years of banking, finance and treasury experience to her role. Prior to joining Enterprise in May 2006, Charlotte spent 14 years at Signet Bank in Richmond, Virginia, where she was in charge of the asset and liability management group and served as a member of the Asset and Liability Committee. Toward the end of her tenure with Signet, she reported to the vice chairman and was responsible for enterprise-wide risk management, the development of transfer pricing and shareholder value performance measurement methodologies.

Chris Herrmann – Vice President More Info

As a vice president for Enterprise Community Investment, Inc., Chris Herrmann is responsible for overseeing Enterprise’s conventional equity program. He was named to lead this new effort in 2013. Chris is responsible for raising, structuring and managing equity funds, as well as evaluating and closing investment opportunities. Previously, Chris was a director, where he analyzed, evaluated and bid on affordable housing investment opportunities that leveraged the Low-Income Housing Tax Credit (LIHTC) and the Federal Historic Tax Credit. In this role, he facilitated the successful closing of more than 70 transactions with a total of more than $625 million in LIHTC equity.

Percentage of Investment Professionals who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
25% – 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:
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%
Primary Impact Outcomes:
Alleviating poverty
Increasing access to education and improving educational outcomes
Increasing access to healthcare services and improving health
Providing housing
Secondary Impact Outcomes:
Addressing climate change and environmental issues
Creating jobs
Promoting arts and media
Value-added Services Offered:
Access to markets
Health services
Education services

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:
Investing for impact is embedded in our firm's mission and DNA. Our staff and network of partners work throughout the nation to provide supplementary services and programming that enhance our investments.    For example, we believe that opportunity begins with a home that is safe and affordable, and grows with access to transit, jobs, high-quality schools, and health care. As we invest to build strong, diverse communities, we also have teams working in the field to create and integrate best practices for equitable transit-oriented development, green building, health and housing, resiliency, design, and so much more.    We also have teams dedicated to building the capacity of our partners – mostly small and local businesses – to improve their ability and efficacy in addressing issues in communities they serve. Similarly, we provide technical assistance to public sector partners, helping them identify capacity gaps and strategic opportunities so that funding is deployed effectively and programs are operating optimally.

Investments systematically include social and environmental sustainability practices in the due diligence process:
As part of our investment due diligence process, we collect information on the borrower and the community, as well as data on the intended impact of the asset in which we invest.    We request information on the sustainable construction practices used for the asset we invest in to understand the potential economic and environmental benefits. We encourage the use of our Green Communities Criteria and other green building standards. If an asset we invest in receives Green Communities Certification, it allows us to collect or project multiple data points on environmental impact, cost savings, and potential health benefits for residents.  Our Equitable Transit-Oriented Development funds (Seattle REDI Fund, Denver Regional TOD Fund) increase access to public transit, reduce greenhouse gas emissions, and create "green" jobs.    Similarly, the solar and energy efficiency financing we provide for public housing authorities and others considers resource conservation, cost savings, and green jobs created.  

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes – to the public
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

Learn More

Key Contact Name: Rachel Reilly Carroll
Phone: (410) 884-8419
Mailing Address:
11000 Broken Land Parkway Columbia MD 21044

Ready for the next step?

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