Stamford, CT, USA
Mar 15, 2022
Developing World Markets has been selected to the ImpactAssets 50 2022 (IA 50), an annual list of private debt and equity impact investing fund managers that represent a broad range of geographies and areas of focus. All selected managers demonstrate a deep commitment to creating positive social and environmental impact as well as financial returns. The IA 50 database is a resource for impact investors, family offices, corporate and family foundations and institutional investors.
This year marks the eleventh edition of the IA 50, and the eighth selection for DWM. The IA 50 now includes the IA 50 Emerging Impact Managers list and IA 50 Emeritus Impact Managers list. Across all three categories, 143 impact fund managers reported assets totaling $116.96 billion invested in a range of asset classes and impact themes.
DWM is among the 50% of the fund managers on the list that are signatories to the Operating Principles for Impact Management, and among the 36% that have obtained independent verification of alignment with the Principles.
“We’re honored to be featured in the IA 50 with such an impressive group of fellow impact fund managers,” said Peter Johnson, Co-Founder and Co-Managing Partner of DWM. “The database continues to be an extremely valuable and relevant resource, as it evolves to include new managers while retaining industry pioneers like DWM. Thank you to ImpactAssets and the entire review committee for your thoughtful work to assemble the lists!”
Jed Emerson, ImpactAssets Senior Fellow, IA 50 Review Committee Chair and Global Lead, Impact Investing with Tiedemann Advisors reflected, “This group of managers reflects the intentionality of our manager selection process to provide investors with a resource that shines a light on the breadth and diversity of impact fund managers. These managers bring unique and informed perspectives to the challenges impact investing is addressing.”
“The caliber of this year’s IA 50 lists is a product of the rigorous application scoring and analysis process that the IA 50 Review Committee has fine-tuned through the years,” added Sandra Kartt, CFA, Managing Director, Investments, ImpactAssets.
In addition to Emerson, the IA 50 Review Committee is comprised of impact investment experts and leaders, including Lauren Booker Allen, Senior Vice President, Impact Advisory, Jordan Park Group; Mark Berryman, Managing Director of Impact Investing, The CAPROCK Group; Ronald A. Homer, Chief Strategist, Impact Investing, RBC Global Asset Management (US) Inc.; Jennifer Kenning, Senior Advisor, IA 50 Review Committee and CEO & Co-Founder, Align Impact; Karl Charly Kleissner, Ph.D., Co-Founder of Toniic and KL Felicitas Foundation; Justina Lai, Chief Impact Officer and Shareholder, Wetherby Asset Management; Andrew Lee, Managing Director, Global Head of Sustainable and Impact Investing, UBS Global Wealth Management; Tony Lent, Co-Founder, Capital for Climate; Malaika Maphalala, CPWA® Private Wealth Advisor, Natural Investments, LLC; Cynthia Muller, Director of Mission Investment, W.K. Kellogg Foundation; Rehana Nathoo, Founder & CEO, Spectrum Impact; Stephanie Cohn Rupp, CEO and Partner, Veris Wealth Partners; Liesel Pritzker Simmons, Co-Founder and Principal of Blue Haven Initiative; and Margret Trilli, CEO and CIO, ImpactAssets.
The ImpactAssets Investment team led by Kartt conducted the application scoring and analysis process, and collaborated with Align Impact on fund analysis.
Founded in 1994, Developing World Markets (DWM) seeks investible solutions that sustainably address the social, environmental, and economic needs of the developing world. DWM began impact investing in 1999 and shifted exclusively to impact in 2007. DWM has over two decades of experience in emerging and frontier markets. Through DWM Asset Management, LLC, the firm’s SEC-registered investment adviser, DWM has originated and managed over $2.2 billion of private debt and private equity in impact-oriented enterprises, including over 900 loan disbursements and 25 private equity stakes in more than 70 emerging and frontier countries. The firm operates from its headquarters in the United States, and is supported by offices and team members in Costa Rica, Ecuador, France, Germany, India, Nicaragua, Peru, and the Republic of Georgia.
As a non-EU AIFM, with vehicles regulated by Luxembourg’s CSSF and Germany’s BAFIN, longstanding partnerships in the Netherlands, Germany, and the Nordic region, and relations with institutional investors across the continent, DWM is dedicated to serving its European investor partners, with a shared commitment to impact.
About the ImpactAssets 50
The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options. 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 recommend specific products. It is not a replacement for due diligence. To be considered for the IA 50 2022, 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.
ImpactAssets is an impact investing trailblazer, dedicated to changing the trajectory of our planet’s future and improving the lives of all people. As a leading impact investing firm, we offer deep strategic expertise to help our clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with our clients through our impact investment platform and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. 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.
Courtland Walker, Partner, Head of Products & Partnerships