Prime Impact Fund

Date: 2019

Asset Class: Venture Capital - Patient, Catalytic Capital

Description:  Prime Impact Fund is a $50MM impact-first pool of catalytic capital that invests in transformative climate ventures with hard-tech solutions for gigaton-scale climate impact. The Fund is a key initiative of Prime Coalition, a 501(c)(3) public charity that partners with philanthropists to place catalytic capital into market-based solutions to climate change. Prime’s primary goal is to address the critical financing gap in early-stage climate innovation—a gap that currently prevents breakthrough technology companies from combating climate change in a sustainable and scalable way.

Why We Invest: Human ingenuity in the form of technology innovation will be a key factor in dampening the effects of climate change. PRIME is one of the few strategies to help bring capital intensive hardware solutions to market, as capital flows more freely to asset light software solutions. Though this is intended to be patient, catalytic capital, the investment performance so far has been quite good.