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Allivate Impact Capital
Building innovative capital solutions to elevate communities.

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Our Values

Making investments that count.

We are an impact investing firm that manages capital across asset classes in ways that are responsive to community needs. We operationalize impact goals in line with the following core values. The needs are too great to not act with the urgency and intentionality bringing new solutions to recurring problems.

Community Impact

Community Impact

We invest in communities and populations that have historically been underinvested. We believe these communities and populations have underutilized assets that with the right capital solutions can realize untapped potential.

Vision Centric

Vision Centric

We are intentional about engaging communities to understand their long-term vision and investing in a way that supports this vision.

Strategic Partnerships

Strategic Partnerships

We seek opportunities to combine tools from private, public, and nonprofit partners to yield results that would not be possible without such intentional collaboration.

Entrepreneur-focused

Entrepreneur-focused

We activate entrepreneurial ecosystems by bringing transparency to resources and capital.

Diversity

Diversity

As a female led firm with a diverse management team, we believe that diversity of perspectives leads to improved performance.

Positive Returns

Positive Returns

Our goal is to drive positive social impact and attractive risk-adjusted financial returns.

About Us

Allivate Impact Capital is a subsidiary of Woodforest Financial Group. Our industry leading team has been recognized globally for its impact investing track record.

Allivate's Team
Daniel Galindo in a conference
IA 50 2024 Emerging Impact Manager
IA 50

Allivate Impact Capital® has been selected as an Emerging Impact Manager (EIM) for the ImpactAssets 50™ 2024 (IA 50).

IA 50 2024 Emerging Impact Manager
BAI

Recipient of the 2020 BAI Global Innovation Award in Societal & Community Impact Innovation category.

Office of the Comptroller of the Currency

Highlighted by OCC for industry-leading Opportunity Zone investment strategy.

“We cannot solve our problems with the same level of thinking that created them.”

– Albert Einstein

Impact

Allivate Impact Capital utilizes the Opportunity Zone Impact Reporting Framework to operationalize the impact goals of our investments. The framework is designed around the following guiding principles:

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Noelle's Impact'

Community Engagement

We integrate the needs of local communities into the formation and implementation of funds, reaching low-income and underinvested communities with attention to diversity.

Equity

We seek to generate equitable community benefits, leverage other incentives and aim for responsible exits.

Transparency

As investors, we strive to be transparent and hold ourselves accountable, with processes and practices that remain fair and clear.

Measurement

We voluntarily monitor, measure and track progress against specific impact objectives, identifying key outcome measures and allowing for continuous improvement.

Outcomes

Our Opportunity Fund metrics track real change, with an understanding that both quantitative and qualitative measures are valuable indicators of progress.

Working with national and community partners and listening to residents in each unique community is key to our success. Join us to help elevate your neighborhood.

Join Us

CASE STUDIES

Investment Highlights

Atrium Court Affordable and Workforce Housing Project

Atrium Court in Seattle's Othello neighborhood will create 271 units of affordable workforce housing, 80 jobs, and ground-level retail space adjacent to a light rail station in the historic and diverse South Seattle neighborhood.

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St. James Hotel Restoration

The St. James Hotel Restoration project in Selma, AL, converted a shuttered asset central to the rural community’s rich history into a 55-key, Hilton™-branded, quality hotel...

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Zero Energy North Avenue Mixed-Use

The Zero Energy North Avenue Mixed-Use project in Baltimore, MD, converted 7 abandoned rowhomes into 20 units of affordable housing and 4 retail storefronts in the predominantly Black Penn North neighborhood in West Baltimore...

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UNCP Student Housing

University of North Carolina Pembroke (UNCP) Student Housing project in Pembroke, NC built 138 units/498 beds of student housing adjacent to UNCP, a Native American founded university focused on serving low-income students...

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Sharswood Ridge

The Sharswood Ridge project is helping to revitalize the Sharswood neighborhood in Philadelphia by building approximately 234,000 square feet of affordable and workforce housing and retail development, including a grocery store, a bank branch, and an urgent care medical clinic, all of which the neighborhood desperately needs.

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Our Team Our Advisors Social Impact Advisory Board

We are experienced industry leaders with a track record in financial services and impact investing.

We are experienced industry leaders with a track record in financial services and impact investing.

The Social Impact Advisory Board for AIC CEI-Boulos Capital Management is comprised of leading national experts on investing in low- and moderate-income communities and the emerging field of Opportunity Zone impact investing, measurement, and reporting.

News & Stories

Learn more about what's happening with our work, community partners and within the impact investing industry.

IA 50 2024 Emerging Impact Manager

Allivate Impact Capital® named Emerging Impact Manager (EIM) for the ImpactAssets 50™ 2024 (IA 50)

The 13th annual list highlights impact investing industry maturation, as growing number of funds link manager compensation to impact THE WOODLANDS, TEXAS, March 12, 2024 -- Allivate Impact Capital® has been selected as an Emerging Impact Manager (EIM) for the ImpactAssets 50™ 2024 (IA 50). ImpactAssets, the impact investing trailblazer with a decade-plus track record of mobilizing capital for good, recently released the ImpactAssets 50™️ (IA 50) 2024, a free publicly available, searchable database of impact investment fund managers globally. The IA 50, now in its 13th year, is designed to offer a simple way to identify experienced and emerging impact investment firms and explore the landscape of potential investment opportunities across diverse impact areas, maturity levels and geographies. “Thank you ImpactAssets for your support of our teams’ efforts. We are extremely proud to be recognized among other global diverse firms focused on providing financial returns alongside social impact returns. I applaud our team, community partners, and investors for their work to help launch Allivate Impact Capital in late 2022. We remain focused on elevating communities, alleviating poverty, and activating entrepreneurial ecosystems,” said Noelle St.Clair Lentz, CEO, Managing Director, Allivate Impact Capital. This year’s list is composed of 155 impact fund managers selected from an unprecedented 343 applications, a submission volume that is 15% higher than last year. This growth signals increased interest in the IA 50, alongside expansion and maturation of the impact investing industry at large. The increasing traction also points to a broader shift that embraces impact investing’s critical role in shaping a sustainable future. The IA 50 includes three distinct categories based on manager experience: the IA 50, IA 50 Emerging Impact Managers, and IA 50 Emeritus Impact Managers. That diversity of experience makes the list a testament to more recently established, ascending managers as well as the deeply experienced pioneers who have consistently maintained a focus on impactful investments and a commitment to driving social and environmental progress. Among the firms recognized this year, nine have been included on every year’s database since its inception in 2011. “As we celebrate the 13th anniversary of the IA 50, we are witnessing a pivotal shift in finance more broadly: Impact investing is catalyzing a fundamental reorientation of capital that is attuned to the urgent social and environmental challenges we face globally,” said Jed Emerson, ImpactAssets Senior Fellow, IA 50 Review Committee Chair, and Chief Impact Officer at AlTi Global. “The IA 50 2024 is a testament to the industry's commitment to harnessing the power of capital for good and a preview of the more systemic integration of impact considerations we can expect in the future.” Key highlights of the IA 50 2024 include: No Trade-Off on Financial Returns: This year’s IA 50 fund manager data dispels the myth of a trade-off between financial returns and social good. The majority of IA 50 managers target market rate (43%) and above market rate (31%) returns, proving that impact outcomes do not have to compromise financial outcomes. The performance data is equally telling, with 79% of IA 50 managers meeting their finance return target and 21% surpassing them. This compelling data illustrates that the cadre of IA 50 managers are meeting and exceeding financial benchmarks, while driving forward their impactful missions. Diverse Fund Leadership: This year’s IA 50 features the most diverse applicant pool ever, with a substantial 60% of applicants boasting investment teams composed of over 50% women and/or people of color. This growth in diversity within leadership positions outpaces previous years, with Emerging Impact Manager applicants leading at 72%, ahead of the core list at 53%, and Emeritus Impact Manager applicants at 46%. About Allivate Impact Capital®Allivate Impact Capital® (AIC) deploys innovative capital solutions that elevate communities, alleviate poverty, and activate entrepreneurial ecosystems. AIC is an impact investing firm managing capital across asset classes in responsive ways to meet the needs of communities historically lacking access to the investment needed to bring underutilized assets to their full potential. AIC operationalizes the impact goals of its funds to drive positive social returns alongside attractive financial returns. As a subsidiary of Woodforest Financial Group, Allivate Impact Capital® leverages its global award-winning, and industry-leading Community Development Team to achieve its goals. Learn more at Allivate.com and follow us on LinkedIn @AllivateImpactCapital About the ImpactAssets 50The IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. Firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes. The IA 50 is not an index or investable platform and does not constitute an offering or solicitation to buy or sell securities or a private placement or recommend specific products. Nor is this an endorsement of any of the listed fund managers. It is not a replacement for due diligence. To be considered for the IA 50 2024, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact, and be available for U.S. investment. Additional details on the selection process are available here. The IA 50 Emerging Impact Managers list is intended to spotlight newer fund managers to watch that demonstrate potential to create meaningful impact. Criteria such as minimum track record or minimum assets under management may not be applicable. The IA 50 Emeritus Impact Managers list illuminates impact fund managers who have achieved consistent recognition on the IA 50. About ImpactAssetsImpactAssets is an impact investing trailblazer dedicated to changing the trajectory of the planet’s future and improving the lives of all people. As a leading impact investing firm, ImpactAssets offers deep strategic expertise to help its clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with its clients through its impact investment platform, philanthropic solutions, and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. ImpactAssets has more than $3 billion in assets, working with purpose-driven individuals and their wealth managers, family offices, foundations, and corporations. ImpactAssets is an independent 501(c)(3) organization. About ImpactAssets Capital PartnersImpactAssets Capital Partners PB LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. ImpactAssets Capital Partners is a public-benefit LLC fully owned by ImpactAssets. ImpactAssets Capital Partners was created to bring the ImpactAssets platform and customized investment services to institutional investors. Review the IA 50 2024 Impact Fund Managers: http://bit.ly/IA502024 Check out Allivate Impact Capital’s database profile: https://tinyurl.com/2s3m32em

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Allivate Impact Capital

March 12, 2024

Seattlesatriumcourt

Seattle's Atrium Court Project Creates Affordable Workforce Housing, Jobs, & Neighborhood Revitalization

Highlights include 271 affordable workforce housing units, 80 area jobs, close access to public transportation & quality food, & environmentally sustainable development SEATTLE, Feb. 6, 2024 /PRNewswire/ -- A groundbreaking celebration was held today for Atrium Court at 7324 Martin Luther King Jr. Way S. in Seattle's Othello neighborhood. Atrium Court will create 271 units of affordable workforce housing, 80 jobs, and ground-level retail space adjacent to a light rail station in the historic and diverse South Seattle neighborhood. A groundbreaking event was held today for Atrium Court in Seattle’s Othello neighborhood. The project will create affordable workforce housing, jobs, and ground-level retail space adjacent to a light rail station in the historic and diverse South Seattle neighborhood. The largest and majority equity investor in the project is an investment vehicle jointly sponsored and managed by Allivate Impact Capital® and CEI-Boulos Capital Management, which invested $15 million in equity alongside a $41 million primary loan from Trez Capital, and a $16 million low-interest loan from the Amazon Housing Equity Fund. "We're committed to investing private capital to help revitalize historically underinvested communities like Seattle's Othello neighborhood," said Sam Spencer, CEO and Managing Director of CEI-Boulos Capital Management. "We're thrilled to be partnering with Allivate Impact Capital and the Amazon Housing Equity Fund to support this socially and environmentally impactful project that will provide transit-oriented affordable housing to residents of this multicultural community." Noelle St. Clair Lentz, CEO and Managing Director of Allivate Impact Capital added, "Allivate Impact Capital proudly stands alongside CEI-Boulos Capital Management, Housing Diversity Corporation, Amazon, Nitze-Stagen, Trez Capital, and others to support the creation of affordable workforce housing through the Atrium Court project. This type of intentional collaboration is necessary to deliver the innovative capital solutions allowing communities such as the Othello neighborhood to fully realize their truAle potential." "Atrium Court will provide much needed, high-quality affordable housing with easy access to transit and other services that will contribute to residents' quality of life," said Alice Shobe, Global Director, Amazon Community Impact. "This project models how the private sector can contribute long-term affordable housing to vibrant communities like the Othello neighborhood." To address the increasing scarcity of affordable housing for residents earning low and moderate incomes, 59% of the development's 271 units will be income-restricted to those earning no more than 80% Area Median Income (AMI), while 10% of units will be income-restricted at 60% AMI, and 5% of units will be income-restricted at 50% AMI. All affordability requirements will have a term of 99 years. "Atrium Court is the type of project Trez Capital is proud to be a part of – we look for financing opportunities that yield purposeful and impactful communities focused on building a brighter future for residents," said Brody Toigo, Managing Director, Head of Origination, Western U.S., Trez Capital. "Breaking ground marks our first milestone toward helping address the affordable, build-for-rent, multi-family housing shortage in the Othello community." Housing Diversity Corporation, the lead developer for Atrium Court, started construction in January 2024. "We are proud to have assembled a group of partners dedicated to creating opportunities through thoughtfully designed affordable housing for the community. Atrium Court, with its 271 residential units and retail space, will transform a previously vacant lot into a vibrant space for the Othello community to grow and thrive," said Brad Padden, CEO and Founder of Housing Diversity Corporation. "Nitze-Stagen has been focused on bringing private social impact investors together to meet the housing affordability gap in our city and Atrium Court is a model that does just that," said Lisa Nitze, Principal at Nitze-Stagen. "It is coupled with our commitment to support the small businesses that are historically distinctive in Othello, with a Performa that enables us to lease to authentic neighborhood retail, services, or non-profits that the community has identified as a need. We are excited to be at the groundbreaking of this community-centric development." The project has a strong focus on environmental sustainability, including reducing energy consumption and conserving water. The project will employ modern green building design features, construction methods, and operating systems including stormwater management, a 33-kilowatt roof mounted solar array, passive solar design, compost collection, and no fossil fuel-dependent systems for building heat. In addition, the transportation-oriented project is less than 200 feet from the Othello Light Rail Station – reducing future tenants' need for cars, resulting in a smaller financial burden and carbon footprint. The project supports Seattle's "Urban Village" concept within the city's "Seattle 2035 Comprehensive Plan," which aims to increase housing density and affordability in neighborhoods near light rail stations, prioritizing walkability and public transit over driving. The project's location near light rail, along with easy access to necessities like groceries, aligns with the city's goal of reducing car dependence, reducing the need to utilize valuable real estate for parking, and reducing transportation emissions. The project is expected to create 60 construction jobs, and 20 permanent jobs between property management and the retail spaces. The project also aligns with the City of Seattle's community development goals. Additionally, Sponsor OZ Navigator, a partnership between Housing Diversity Corp. and Nitze-Stagen conducted extensive multilingual outreach to determine community needs which informed the project's planning and design. One feature created in response to community feedback will be a lighted rotating sculpture at the building's entrance created by local artist Fumi Amano that displays various phrases in languages spoken within the Othello community. The project team also includes STS Construction as the General Contractor; Neiman Taber Architects; Quantum Engineering as the Structural Engineer; Sitewise as the Civil Engineer; and KKLA (Karen Kiest Landscape Architects) as the Landscape Architect.

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Allivate Impact Capital

February 06, 2024

Atrium Court Exterior Streetscape

Housing Diversity Corporation Announces 2024 Construction Start of 7324 MLK Jr. Way

Seattle, WA. – December 21, 2023 – Housing Diversity Corporation, the lead construction developer for Atrium Court, announced today that they have attained financing to start construction on the eight-story, mixed-use housing development located in Seattle's Othello neighborhood. Construction is anticipated to start next month, January 2024 with completion estimated in mid-2026. The transit-oriented project is located one block from the Othello Link Light Rail Station and will feature 271 apartments, all priced to be affordable for individuals and families earning between 50% and 80% of area median income (AMI). Rendering created by Neiman Taber The project received $16 million from the Amazon Housing Equity Fund, as a low-interest loan, to ensure that all 271 apartment homes will be income restricted for 99-years. “Atrium Court is a great example of leveraging private capital and collaboration to build affordable apartment housing,” said Senthil Sankaran, Managing Principal, the Amazon Housing Equity Fund. “It models how the private sector can help build long-term, attainably priced housing and is the type of project that our Housing Equity Fund was created to support. To date, Amazon has invested nearly than $550 million to create or preserve more than 5,500 units in the Puget Sound region.” The project team is also partnering with an investment vehicle jointly sponsored and managed by Allivate Impact Capital and CEI-Boulos Capital Management, which closed on a $15 million investment, as the single largest and majority equity investor in the project. Rendering created by Neiman Taber “Our fund is committed to harnessing the Opportunity Zone incentive to serve its intended purpose – to help revitalize historically underinvested communities like Seattle’s Othello neighborhood,”said Sam Spencer, CEO and Managing Director of CEI-Boulos Capital Management. “We’re thrilled to be partnering with Allivate Impact Capital and Amazon Housing Equity Fund to support this socially and environmentally impactful project that will provide transit- oriented affordable housing to residents of this rich multi-cultural community.” “In 2019, we set out to perform on the goals of the Opportunity Fund Zone legislation by investing in under-developed communities,” stated Brad Padden, Founder & CEO of Housing Diversity Corporation. “Collaborations such as Amazon’s Housing Equity Fund are critical in getting these important projects across the financing finish-line.” “In 2023, the City of Seattle had a reduction of 60% of new apartment application permits in comparison to the peak of 2021. A lack of new supply will only further increase the high cost of in-city living,” concluded Padden. Atrium Court also includes 2,344 SF of ground-floor retail. The project team includes: Nitze-Stagen as a development partner, STS Construction as the General Contractor, Neiman Taber Architects; Quantum Engineering as the Structural Engineer; Sitewise as the Civil Engineer; KKLA (Karen Kiest Landscape Architects) as the Landscape Architect.

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Allivate Impact Capital

December 21, 2023

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