Chloe Capital Selected as an Emerging Impact Manager for the Prestigious ImpactAssets 50™ 2023 List
From left to right: Erica O’Brian, Elisa Miller-Out, Myneco Ramirez. (Photo credit: Jill Farrar)
FOR IMMEDIATE RELEASE
April 11, 2023
Ithaca, NY – Chloe Capital, a mission-driven venture capital firm focused on investing in women-led technology companies, is proud to announce its selection as an Emerging Impact Manager (EIM) for the esteemed ImpactAssets 50™ 2023 (IA 50). This recognition showcases Chloe Capital’s commitment to empowering women and underrepresented founders while driving positive social and environmental impact through strategic investments.
The ImpactAssets 50™ is an annually updated list that recognizes the top 50 impact investment fund managers worldwide. Since its inception in 2011, the IA 50 has become a trusted resource for impact investors, family offices, and financial advisors seeking to align their investment portfolios with sustainable and impact-driven objectives. The selection process is highly competitive, and inclusion in the list highlights Chloe Capital’s dedication to delivering exceptional financial returns alongside measurable, positive impact.
“We are honored to be recognized as an Emerging Impact Manager by ImpactAssets,” said Elisa Miller-Out, Managing Director at Chloe Capital. “This accolade acknowledges our commitment to supporting women-led technology companies and fostering a more inclusive and diverse startup ecosystem. We believe that investing in diverse founders is not only a moral imperative but also a smart business decision that yields significant social and economic benefits.”
Chloe Capital’s inclusion in the IA 50™ 2023 is a result of its rigorous impact investment strategy, which combines comprehensive due diligence, active portfolio management, and a focus on businesses that address the United Nations Sustainable Development Goals (SDGs). By targeting companies with the potential to create substantial social and environmental change, Chloe Capital aims to deliver market-rate returns while driving transformational impact on a global scale. This recognition underscores the firm’s commitment to making a positive difference in the world through impact investing.
“I’m a proud supporter of Chloe Capital and congratulate the team on making the list”, said Evan Segal from the Segal Family Foundation. “Their approach to impact investing is rooted in a belief that diverse teams lead to better outcomes, both in terms of financial performance and social impact. Their inclusion in the IA 50 list is a testament to Chloe Capital’scommitment to creating positive impact through their investment strategy and their potential to become a significant player in the impact investing space.”
The IA 50 selection committee, consisting of industry experts and leaders in the impact investing space, evaluates fund managers based on their track record, impact measurement, and investment approach. Chloe Capital’s recognition as an EIM underscores its potential to become a leader in the impact investing sector and reflects its commitment to creating a more equitable and sustainable world.
Chloe Capital’s investment thesis has already been proven. Chloe Capital’s portfolio is targeted towards companies with at least one leader who identifies as a woman, and at least 50% of their companies have at least one leader from an additional underrepresented group. Even before closing its first Fund, Chloe Capital has experienced 4 Mergers & Acquisitions transactions and a full liquidity event and exit. Chloe Capital’s track record of success demonstrates that through impact investing it is possible to help close the gender gap in entrepreneurship and create more equitable opportunities for underserved founders all while making significant returns.
For more information about Chloe Capital and its impact investment strategy, visit their IA 50 2023 profile here.
About Chloe Capital
Chloe Capital is a movement-driven venture capital firm investing with a gender and diversity lens. We focus on diverse women tech leaders who are solving the world’s biggest problems across climate, education and health. Our superpower is our ecosystem-building work. Our accelerator programs allow us to access unique deal flow, enhance visibility and provide networks and resources for our founders throughout the #InvestInWomen Tour. For more information, visit www.chloecapital.com. Past performance is not a guarantee of future results.
About the ImpactAssets 50
The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for donors and/or investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment opportunities. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. Firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes.
The IA 50 is not an index or investable platform and does not constitute an offering or solicitation to buy or sell securities or a private placement, or recommend specific products. Nor is this an endorsement of any of the listed fund managers. It is not a replacement for due diligence. To be considered for the IA 50 2023, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact and be available for US investment. Additional details on the selection process are available here.
The IA 50 Emerging Impact Managers list is intended to spotlight newer fund managers to watch that demonstrate potential to create meaningful impact. Criteria such as minimum track record or minimum assets under management may not be applicable.
The IA 50 Emeritus Impact Managers list illuminates impact fund managers who have achieved consistent recognition on the IA 50.
About ImpactAssets
ImpactAssets is an impact investing trailblazer, dedicated to changing the trajectory of our planet’s future and improving the lives of all people. We empower impact investors and philanthropists with access to investing opportunities and customized solutions that promote positive change. ImpactAssets has more than $2 billion in assets in 1,700 donor advised fund accounts, working with purpose-driven individuals and their wealth managers, family offices, foundations and corporations. ImpactAssets is an independent 501(c)(3) organization.
Media Contact:
Elisa Miller-Out
Managing Partner
Chloe Capital
info@chloecapital.com
www.chloecapital.com