Impact Investing Goes Mainstream with DBL Partners’ $400 Million Fund

Business Wire
June 23, 2015

SAN FRANCISCO–(BUSINESS WIRE)–DBL Part­ners closed DBL Part­ners III, a $400 mil­lion impact fund focused on invest­ments that com­bine value and val­ues. Con­sis­tent with the market-​​tested model of prior funds, this fund aspires to embrace a “no sac­ri­fices” approach, infus­ing invest­ments with pos­i­tive social, envi­ron­men­tal or regional eco­nomic impact with­out com­pro­mis­ing finan­cial returns.

Together our teams have helped to build some of the best-​​known com­pa­nies in the sus­tain­abil­ity field”

The size of this fund puts impact invest­ing squarely in the main­stream and the sus­tain­abil­ity focus included in its man­date puts to rest any con­cerns that the time for clean energy invest­ing has passed,” said Nancy Pfund, Man­ag­ing Part­ner and Founder, DBL Part­ners. “Build­ing great com­pa­nies that also help to solve some of the core chal­lenges of our age is not an oxy­moron as some would posit – in our view, these goals go hand-​​in-​​hand and there is no sacrifice.”

The newly formed fund com­bines part­ners from DBL Investors and Tech­nol­ogy Part­ners’ energy prac­tice, who are col­lec­tively rec­og­nized for their pio­neer­ing lead­er­ship in impact investing.

Together our teams have helped to build some of the best-​​known com­pa­nies in the sus­tain­abil­ity field,” said Ira Ehren­preis, Man­ag­ing Part­ner and Founder, DBL Part­ners. “We look for­ward to part­ner­ing with the fast grow­ing num­ber of suc­cess­ful entre­pre­neurs who increas­ingly embrace the dou­ble bot­tom line model and want to build world-​​class com­pa­nies and change the world in the process.”

The team has a 10-​​year his­tory of col­lab­o­ra­tion and co-​​investment, includ­ing in Tesla Motors. The new fund has already invested in five new com­pa­nies to date since its first close in Decem­ber 2014.

The DBL Part­ners invest­ment team includes Man­ag­ing Part­ners Nancy Pfund and Ira Ehren­preis, Senior Part­ner Cyn­thia Ringo and Part­ners Mark Perutz and Marc van den Berg. Team mem­bers will con­tinue to man­age prior funds’ port­fo­lios separately.

DBL Part­ners III will focus on invest­ments in sus­tain­able energy, prod­ucts and ser­vices, dig­i­tal media and imag­ing, health care, and IT. Invest­ments will pur­sue a dou­ble bot­tom line approach defined as a strong finan­cial return with mea­sur­able, ben­e­fi­cial social or envi­ron­men­tal impact as well. Job cre­ation, job qual­ity, and bring­ing the ben­e­fits of the entre­pre­neur­ial econ­omy to neigh­bor­hoods that have not his­tor­i­cally housed start-​​ups are some of the tools DBL has used and will con­tinue to use in pur­suit of its mission.

About DBL Partners

DBL Part­ners is a pio­neer of dou­ble bot­tom line ven­ture cap­i­tal, a new and grow­ing field of invest­ing that seeks to opti­mize both finan­cial return (First Bot­tom Line) and pos­i­tive social impact, includ­ing social, envi­ron­men­tal and regional eco­nomic ben­e­fits (Sec­ond Bot­tom Line). Based in San Fran­cisco and Palo Alto, the firm focuses on sus­tain­able energy, prod­ucts and ser­vices, dig­i­tal media and imag­ing, health care, and IT. The team has invested in a wide range of suc­cess­ful port­fo­lio com­pa­nies, includ­ing Pan­dora Media (NYSE: P), SolarCity (NASDAQ: SCTY), Tesla Motors (NASDAQ: TSLA), Rev­o­lu­tion Foods, SpaceX and many oth­ers, which have cre­ated more than 30,000 jobs. More infor­ma­tion about DBL Part­ners is avail­able at www​.dblpart​ners​.vc.

Con­tacts

for DBL Part­ners
Chris­tine Hin­ton, 415–939-0139
christine@​5​2​1​comm.​com