Minderoo Foundation’s allocation to impact investing has more than doubled to $250 million in a sign of strong momentum for the sector.

The Strategic Impact Fund (SIF) was only launched last year. This further injection will see the charity will commit even more of their corpus to investments aligned with their mission, boosting their contribution towards: ocean health, eradicating modern slavery, as well as arts and community projects.  

“We’ve boosted the SIF’s capacity, to further demonstrate how investment capital can be used as a force for good.”  Says ​​Co-chair Nicola Forrest AO.

“We hope to show other investors that mobilising private capital to pursue transformative social and environmental change is the way of the future.”

SIF benefits from the foundation’s staggering breadth of research and projects underway. The team doesn’t have to do all the heavy lifting around originating deals as they have access to the thematic expertise of the broader project teams. 

Jenna Palumbo, Minderoo’s head of impact investing, explained they’ve identified more opportunities than anticipated. 

“We have already committed more than 70% of our initial allocation, and we’re excited by the strong pipeline of opportunities the SIF is building,” Jenna says.

“We are seeing increasing momentum in investment opportunities tackling modern slavery. These are buoyed by consumer expectations and the need for businesses to meet government regulations, including the Modern Slavery Act.”

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