Genus-SVX Impact Investment Counsel launches with goal of mobilizing millions for impact
First service of its kind in Canada to offer fully customized and managed impact investment portfolios
TORONTO, Sept. 27, 2018 – Social Venture Connexion (SVX) and Genus Capital Management today announced the launch of the Genus-SVX Impact Investment Counsel. This strategic partnership is designed to address the challenges faced by foundations, high net worth individuals, charities, endowments and pension funds in becoming impact investors. The Counsel seeks to mobilize $100 million in capital toward impact investments by 2020.
“We’ve moved towards a world where individuals and institutions want to put their money to work for good, and they want to generate strong returns while doing so,” said Adam Spence, director of SVX at MaRS. “By teaming up with Genus to launch the Impact Investment Counsel, we’re able to deliver on both of those objectives.”
“Many organizations and high net worth individuals want to use their investments to create positive social and environmental impact, but they often have finite time and experience, and there are limited options on the market for them,” said JP Harrison, president of Genus Capital. “With the Impact Investment Counsel, we’re offering a comprehensive solution — giving investors the sourcing support and due diligence of SVX, with the financial analysis and diversified portfolio building of Genus Capital.”
The global impact investing market was worth $228 billion in 2017, effectively doubling in size since 2016. SVX recently released a report on high net worth individuals’ (HNWIs) interest in impact investing and found the vast majority of Canadian HNWIs are interested, with 89.8% of all those surveyed expressing some degree of interest in impact investing.
The Genus-SVX Impact Investment Counsel is designed for foundations, high net worth individuals, charities, endowments and pension funds, with a minimum of $2 million in assets. The goal will be to mobilize $100 million in capital across asset classes towards impact investing within three years, measuring and managing impact in line with the UN Sustainable Development Goals (SDGs).
For more information, please visit the Impact Investment Counsel’s website.
778 668 3867
SVX is an impact investing platform for ventures, funds, and investors seeking social and/or environmental impact alongside the potential for financial return. We provide a single access point for raising capital and making investments. We work across sectors including cleantech, health, education, food, and social inclusion to help enterprises raise capital so they can focus on their business. We work with all investors, from foundations and family offices to everyday investors, to help them make good impact investments through education, due diligence, advice, and transaction support and management. SVX is powered by MaRS in collaboration with the TMX Group Inc. and the Government of Ontario. SVX is a nonprofit organization based in Canada registered with local securities regulators as an Exempt Market Dealer (EMD), with a network of platform partners in the US and Mexico.
About Genus Capital Management Inc.
Genus Capital Management Inc. is an independent investment management firm based in Vancouver, founded in 1989. We are passionate about creating innovative investment solutions that meet our clients’ changing needs. With more than $1.3 billion in assets under management, Genus’ clients include leading environmental organizations, foundations, and individuals across Canada. Today, Genus Capital is at the forefront of Canada’s Divest-Invest movement with a complete suite of fossil fuel free funds that are tailored to meet the needs of investors who wish to invest in a sustainable, clean energy future.