The Scarab Funds’ Manager has been conceptualizing, forming, raising capital for and managing Impact Funds since 2007.
Fourteen funds (including five public stock funds) were consolidated into one closed PE Fund and four open-ended private funds in April 2012 under the Scarab Fund moniker.
Since then there have been many successfully maturing intermediate term private loans, including former Impact50 entities like RSF Social Finance, Root Capital and Enterprise Community Partners and other “impact first” initiatives like SosteNica, Common Ground Community and The Isaiah Fund.
These lower return investments with high impact were replaced with high return / high impact loans in order to set a standard for pensions to provide both a better “Future Fit” world and sufficient capital for retirement.
Active vehicles, closed for private investment, but currently being (co)incubated include:
• A Water Technology Fund with one successful exit at 3.6X, one partial exit at an IRR of 16%, one write-off and two companies still in developing stages;
• A technology fund for small holder farmers in sub-Saharan Africa;
• A minority owned and managed green and socially focused real-estate fund; and
• The direct investment position in a global aggregator of ESG ratings data (CSRHub)
