BIV Named Emerging Fund Managers at Confluence Philanthropy
Investing in niche areas and new paradigms - climate and racial equity included - is a major and necessary challenge. Confluence Philanthropy understands that. As an industry-leading global membership-based network serving foundations, family offices, high-net individuals, and their investment advisors, they are uniquely placed to smooth the road for emerging high impact investment theses.
Earlier this year, Confluence observed that their current advisor membership criteria unintentionally perpetuates the impediments experienced by impact-focused Emerging Managers and they decided to do something about it. Already a leader in promoting investments that align with their core values of sustainability, equity and justice, Confluence knows that when it comes to climate and racial equity, investing in innovation can often create outsize impact, returns, and challenge long-entrenched investment practices. Together with their friends at Impact Assets, they piloted a program this year to choose six Emerging Managers from the IA50 List to join Confluence as an affiliate manager for the year.
We’re delighted to announce that BIV was selected as one of six Confluence Philanthropy Emerging Managers. We’re delighted they agree with us that water is a core element of the climate and equity issue, and we look forward to being an active participant in your work this year. Thank you, Confluence Philanthropy for letting us join your community and spread the word about deploying capital in support of the fundamental molecule. Onward!
About Confluence Philanthropy
Confluence Philanthropy is a non-profit, membership-based organization on the cutting edge of advancing values-aligned investing. It is a community of nearly 250 foundations, family offices, high-net individuals and their investment advisors representing over $3.5 trillion in managed capital. For more information about Confluence visit www.confluencephilanthropy.org
About the Emerging Manager Pilot Program
Confluence recognizes that its current advisor membership criteria unintentionally perpetuates the paradigm that locks out Emerging Managers from the investment industry. This pilot program will expand Confluence’s Affiliate Advisor membership category to include up to six emerging managers this year that meet an adjusted set of membership criteria. Selected managers will have the opportunity to access Confluence programming at the lowest membership rate offered ($1,000) as well as gain access to other opportunities to be featured throughout the year. Through membership, Asset Managers benefit from participation in the numerous educational programs, collaborative convenings and networking events Confluence offers and access to a growing community of investors committed to building the field.