{"id":1933,"date":"2022-07-07T04:35:47","date_gmt":"2022-07-07T04:35:47","guid":{"rendered":"https:\/\/www.purposecapital.co.nz\/?p=1933"},"modified":"2022-10-21T05:20:29","modified_gmt":"2022-10-21T05:20:29","slug":"purpose-capital-wins-best-impact-investment-fund-award","status":"publish","type":"post","link":"https:\/\/www.purposecapital.co.nz\/purpose-capital-wins-best-impact-investment-fund-award\/","title":{"rendered":"Purpose Capital Wins Best Impact Investment Fund Award"},"content":{"rendered":"\n\n[et_pb_section fb_built=”1″ _builder_version=”3.22″ custom_padding=”0|0px|0|0px|false|false” top_divider_height=”0px” top_divider_arrangement=”above_content” bottom_divider_height=”0px” global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_padding=”0|0px|27px|0px|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.7″ text_font=”||||||||” header_font=”||||||||” link_option_url_new_window=”on” global_colors_info=”{}”]

At the recent annual Mindful Money Awards in Auckland, the Purpose Capital Impact Fund won the 2022 Best Impact Investment Fund award.<\/p>\n

The Mindful Money Awards celebrate the role that ethical and impact investing are playing in making money a force for good. They reflect the growing movement to re-orient investment finance towards sustainability and well-being, providing solutions to the mounting crises of climate change, biodiversity loss and inequality. The Awards honour the funds and the individuals who are leading the movement to make responsible investing the new normal, and impact investing the progressive frontier.<\/p>\n

The judges commended Purpose Capital for their investments and Purpose Capital\u2019s commitment to achieving significant impact through them. \u201cIt was a great affirmation of our work to date and also of the growing awareness of impact investment\u201d said Executive Director Bill Murphy.<\/p>[\/et_pb_text][et_pb_image src=”https:\/\/www.purposecapital.co.nz\/wp-content\/uploads\/2022\/07\/Billl-and-award-e1657168142936.jpg” title_text=”Billl and award” align=”center” _builder_version=”4.14.7″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.14.7″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

Photo: Bill Murphy receiving the award from Paul Stocks, Deputy Chief Executive MBIE<\/h6>[\/et_pb_text][et_pb_text _builder_version=”4.14.7″ _module_preset=”default” global_colors_info=”{}”]

The award comes on the heels of Purpose Capital completing several investments.<\/p>\n

Bureta Build to Rent<\/strong><\/a> \u2013 Purpose Capital raised and led a $4m debt syndicate into this security of tenure, home star rated 89 townhouse development in Tauranga.<\/p>\n

Lodestone Energy<\/strong><\/a> – Purpose Capital raised and led a $10m equity investment syndicate into New Zealand\u2019s largest Utility-Scale Solar project that will provide enough electricity for a city the size of Hamilton.<\/p>\n

Homes for Tamariki<\/strong><\/a> – Purpose Capital\u2019s $2m equity investment will contribute to providing stable homes throughout New Zealand for those children in most need under Oranga Tamariki\u2019s care.\u00a0<\/p>\n

Whakat\u014dhea Mussels<\/strong>\u00a0\u014cp\u014dtiki Ltd<\/strong><\/a> \u2013 Following our initial $5.5M investment in June 2020 the Purpose Capital syndicate invested a further $2M in the Company\u2019s most recent capital raise making it the second largest shareholder in the Company.<\/p>\n

\u201cWith two other opportunities approved for investment we\u2019ve started looking ahead to establishing our second impact fund early 2023,\u201d said Murphy.\u00a0<\/p>\n