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@​521comm.​com