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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.

Aeris

Aeris Announces New Board Member Noelle St.Clair Lentz

PHILADELPHIA, PA, July 23, 2024—Aeris Insight, Inc. announced today the appointment of a new governing board member: Noelle St.Clair Lentz, CEO and Managing Director at Allivate Impact Capital. Noelle was elected at the July meeting of the Aeris board of directors. “Noelle is an outstanding addition to the Aeris board,” said Penelope Douglas, Chair of the Aeris Board of Directors. “Her experience in impact investing and banking will inform Aeris’ efforts to guide capital to good while providing insights into the markets and regulatory environment that Aeris works within.” As the CEO of Allivate Impact Capital®, a subsidiary of Woodforest Financial Group, and Senior Vice President, Impact Investing and Strategic Initiatives at Woodforest National Bank®, Noelle has been recognized for her innovative, high impact investing strategies and was one of the architects of a successful, widely applauded Opportunity Zone investment vehicle managed through a Joint venture with a CDFI subsidiary. While serving at the Federal Reserve Bank of Philadelphia, she published research and hosted national events on community development finance and impact investing trends. A full bio for Noelle can be found on the Aeris website. “We are indeed fortunate to add someone of Noelle’s caliber and expertise to the Aeris board. I welcome Noelle’s insights and guidance as we strive to scale capital access for CDFIs and strengthen small and BIPOC-led loan funds,” said Paige Chapel, President & CEO of Aeris. Noelle St.Clair Lentz added, “I am honored to join the Aeris board alongside such distinguished community development finance leaders. Aeris’s work is critical to scaling the impactful work of community development financial institutions throughout the country.” About Aeris Aeris is the rating and information service specializing in CDFI loan funds. Since 2004, Aeris has provided quantitative and qualitative analysis, ratings, data and insights on the financial performance and impact management capacity of CDFI loan funds. Aeris supports lenders and investors in sourcing, underwriting, and monitoring loans and investments that meet their risk parameters and impact goals. These investments, when deployed by CDFIs, promote economic growth and well-being in under-resourced communities. By driving accountability and transparency into the CDFI industry, Aeris accelerates the flow of capital to good. Contact Aeris for more information: www.aerisinsight.com/contact/.

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Aeris

July 23, 2024

AIC CEI-Boulos Opportunity Fund. 2023 Social Impact Report

AIC CEI-Boulos Opportinuty Fund

THE WOODLANDS, TEXAS, APRIL 12, 2024 -- Allivate Impact Capital® recently held its annual investor meeting for the AIC CEI-Boulos Opportunity Fund alongside its Fund partners CEI-Boulos Capital Management. This global award-winning team also collaborated to launch the Woodforest CEI-Boulos Opportunity Fund which inspired this targeted Fund. The Fund invests in high impact commercial real estate projects in qualified Opportunity Zones (OZs). Targeted projects include those that create good jobs, affordable and workforce housing, environmentally sustainable focused real estate developments, and Main Street revitalization or historic preservation developments. During the investor meeting the team reviewed the Fund’s 2023 Social Impact Report.

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Allivate Impact Capital

April 12, 2024

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

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