ImpactAssets 50
HCAP Partners was selected to the ImpactAssets 50 as part of the IA 50 Emeritus category showcasing impact fund managers who have been on the IA50 for at least five years, demonstrating resilience within the impact investing market and consistent ability to generate positive impact. This marks the tenth consecutive year that HCAP Partners has been recognized as an IA 50 fund.
Good Jobs Working Definition
HCAP provided feedback and became a signatory on a field-wide definition of a quality job developed by the Aspen Institute Economic Opportunities Program and Families and Workers Fund. The shared definition is an important step in encouraging more concrete action on job quality.
Job Quality Measurement Initiative
HCAP served as an advisor to the Job Quality Measurement Initiative, a collaborative between the U.S. Department of Labor and the Families and Workers Fund to better measure the quality of jobs in the U.S. HCAP offered feedback on the Initiative’s recommendations detailed in Reimagining Job Quality Measurement.
Want to Achieve Alpha?
Make Jobs Better
HCAP Partners’ Tom Woelfel co-authored an article with Ellen G. Frank-Miller, PhD of WORC titled, Want to Achieve Alpha? Make Jobs Better, which discusses the impact and benefits of improving frontline jobs.
Industry Participation & Field-building
HCAP Partners plays an active role in field-wide initiatives to help shape the impact investing ecosystem. We are pleased to share a few select highlights.
HCAP supports the next generation of diverse fund managers through our work with the following organizations:
Impact Capital Managers
HCAP Partners is a founding member of Impact Capital Managers, a membership network for private capital impact fund managers focused on investing for superior returns and meaningful impact. HCAP is committed to field-building and works actively through ICM to advance the performance of its members and help the impact investing field scale with integrity and authenticity. As ICM Board Chair, HCAP Partners’ Hope Mago advises on priorities and helps shape member programming, and other members of the HCAP team are active participants in ICM events and initiatives. Key highlights over the past year include:
ICM 2022 Spring Convening: Impact@Work
HCAP Partners attended the ICM 2022 Spring Convening focused on private capital’s role in improving job quality, preparing workers for the careers of tomorrow, increasing job access and upward opportunity for underserved communities, and the potential of the green economy to be a net job creator for the benefit of people and planet. Hope Mago helped develop the two-day agenda and HCAP’s Tom Woelfel moderated a discussion that explored how ICM member fund managers had integrated a job quality focus in their work and opportunities to support public policy and field-building on good jobs.
ICM Commentary on Proposed SEC Rulemaking
HCAP helped ICM organize member discussions and comments on proposed SEC rules: “Enhanced Disclosures by Certain Investment Advisers and Investment Companies About Environmental, Social, and Governance Investment Practices” and the Investment Company Act “Names Rule“.
ICM Fall Convening: Impact vs. ESG Investing – the Private Capital Approach
HCAP helped organize programming for the ICM Fall Convening in San Francisco during the SOCAP conference. Attended by over 40 member firms, the convening included a range of sessions, including an ESG+Impact policy landscape discussion that reviewed proposed SEC rulemaking and its implications. In addition, Hope Mago moderated an LP Perspectives Panel: Obstacles +Opportunities for Impact at Scale.
ICM Evening of Impact
The HCAP team attended ICM’s inaugural Evening of Impact event in New York celebrating ICM’s achievement of 100 members, representing over $50 billion in AUM. The event also recognized the contributions of impact investing leaders Cassidy Leventhal of Achieve Partners, Dave Kirkpatrick of SJF Ventures, and Roy Swan of Ford Foundation.
HCAP’s Hope Mago (top left) with Ford Foundation’s Roy Swan (top right) at ICM’s Evening of Impact.