The partnership resulted in Catalytic Capital Partners LLC, established to create significant efficiencies for impact funds and projects that are increasingly attracting a combination of private, philanthropic, government, and grant capital.
June 14, 2023 — Through the partnership, Impact Charitable is creating a wholly-owned subsidiary under its 501c3 —Catalytic Capital Partners LLC—that will allow for the establishment of individual “fund entities.” These entities will be co-managed by Mission Driven Finance and Impact Charitable, creating significant efficiencies for impact funds that are increasingly attracting a combination of private, philanthropic, government, and grant capital.
“We could not be more excited about the opportunity to partner with Mission Driven Finance. We have long admired their work, and we share a common mission to help unlock and accelerate the flow of impact capital. Together, we go a step further in eliminating structural barriers that can make it difficult for partner investors and funders to achieve their goals in providing access to capital to deserving projects and ventures,” said Rich Hoops, Executive Director of Impact Charitable.
“Through our partnerships with leaders across the country, we are working more and more with community-driven capital strategies that layer together private investment, philanthropic investment, and grant capital. The partnership with Impact Charitable is a great new tool to help move more capital, more quickly to the communities they serve,” said David Lynn, Co-founder & CEO of Mission Driven Finance.
Impact investors of all types will get a single, more efficient, effective source to make a range of investments and grants (investment + grant-making) strategies. Community leaders, project sponsors, and emerging managers working with Mission Driven Finance will have a more cohesive supportive charitable investment infrastructure, reducing the time and cost to bring promising impact capital vehicles to market.
This partnership leverages Impact Charitable’s experience and expertise in philanthropic, impact-first investments, integrated capital funds, and flexible grantmaking capabilities, while engaging Mission Driven Finance’s deep experience in fund management, administration, and investment advisory services.
Impact Charitable brings:
- Investment expertise (direct, PRI facilitation, aggregation)
- Philanthropic grantmaking expertise
- Custom program design for integrating grants and investments
- Experienced government contractor (experienced in compliance, local, state & federal award management)
Mission Driven Finance brings:
- Fund management and administration
- Investment advisory services, including due diligence and transaction structuring
- Investor relationships, management, reporting
Impact Charitable and Mission Driven Finance have a history of bringing new tools and innovations to the impact investing ecosystem, and this new partnership is constructed to connect more capital with the community in funding that is structured to create the most impact.
About Mission Driven Finance
Mission Driven Finance is an impact investment firm dedicated to building a financial system that ensures good businesses have access to sufficient, affordable capital. Built from the ground up with a single purpose—to make it easy to invest in your community—all of their funds and structured products are designed to close financial gaps that will close opportunity gaps. They work with local and national investors to help them create the impact they want and work with businesses and community partners to help them get the capital they need. Mission Driven Finance was launched in 2016 in San Diego, CA, and is a Certified B Corporation. In 2023, Mission Driven Finance was selected again for ImpactAssets’ IA 50 Fund Manager list, a category for experienced impact fund managers with a minimum three-year track record.
About Impact Charitable
A 501c3 established in 2014, Impact Charitable is an Impact Capital Catalyst, whose mission is to help unlock and accelerate the flow of capital that sparks positive change. We move more money, in more ways, to more people and places. Through a range of impact investing, grant-making and direct cash assistance services, Impact Charitable exists to help close the gaps between the sources of impact-first capital and communities, ventures and funds who have traditionally faced systemic barriers to accessing critical financial resources. Since 2015, Impact Charitable has deployed over $50m in a combination of grants and impact-first investments.