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We are delighted to announce that New Summit Investments has been recognized in the ImpactAssets 50™ (IA 50) for 2024, marking a significant milestone in our commitment to leveraging private market capital to address the most pressing challenges of our time. According to ImpactAlpha, a record 343 submissions were received for consideration on this year’s list, and a majority of the ImpactAssets 50 managers target market rate or above market rate returns.
The IA 50 is the first publicly available database of its kind, serving as a pivotal resource for investors, donors, and financial advisors. It provides an insightful gateway into the realm of impact investing, spotlighting firms that have demonstrated expertise and commitment to creating positive social and environmental outcomes.
Our inclusion in the IA 50 underscores New Summit's foundational belief that private market capital is crucial for developing innovative solutions to pressing global issues. With an integrated multi-manager strategy, our portfolio encompasses nearly 50 high-impact investments across private debt, real assets, venture capital, and private equity. Our approach has attracted approximately 300 investors, committing $115 million to strategies that seek direct, solutions-oriented environmental and societal impacts.
The selection criteria for the IA 50 reflect our firm’s dedication to impact investing, with over $25 million in assets under management, more than three years of experience, and a proven track record of generating significant social and environmental impacts. Our recognition among this esteemed group is a testament to the hard work of our team and the trust placed in us by our investors.
New Summit Investments operates under a multi-thematic investment thesis that recognizes the interconnectedness of three critical impact pillars: Solutions to Climate Change, Improving Human Health, and Expanding Economic Opportunity. These pillars guide our investment decisions, fostering a virtuous cycle of positive impacts where climate solutions catalyze better health outcomes and economic opportunities, investments in health enhance productivity and mobility, and economic opportunities fortify communities against climate challenges.
Our recognition in the IA 50 2024 is not just an accolade; it is a reflection of our unwavering commitment to impact investing and the tangible difference we aim to make in the world. As we celebrate this achievement, we are inspired to continue our work, leveraging our expertise, resources, and network of over 500 private impact funds to foster sustainable and equitable growth.
We extend our special appreciation to the ImpactAssets selection committee for honoring New Summit Investments in 2024.
