Now Reading
AB and Impact Engine Announce Strategic Partnership
New impact investing partnership bolsters Private Wealth’s innovative, client demand-driven strategy
AB and Impact Engine Announce Strategic Partnership
New impact investing partnership bolsters Private Wealth’s innovative, client demand-driven strategy
Published 07-07-22
Submitted by AllianceBernstein
NASHVILLE, Tenn., July 7, 2022 /CSRwire/ - Leading global investment manager AllianceBernstein L.P. ("AB") (NYSE: AB) announced that the firm has established a strategic partnership with Impact Engine, a private equity and venture capital investment firm with a ten-year history of exclusively investing with an impact lens.
The new partnership will enhance impact investment offerings for the AB’s private wealth business, Bernstein Private Wealth Management. The partnership will specifically focus on purpose-driven investments to further environmental sustainability, economic opportunity, and health equity across venture capital, growth equity and buyout managers.
“This differentiated and exciting partnership with Impact Engine will enable Bernstein Private Wealth to provide access to innovative impact-driven private companies, something a growing roster of our clients is seeking, and we could not provide without this partnership,” said Beata Kirr, Co- Head of Investment Strategies at Bernstein Private Wealth Management. “After searching for the right partner to grow with in this space, we are looking forward to syncing up with the team at Impact Engine to generate attractive returns for our clients through investments that can also make a real, positive impact in the world.”
Founded in 2012 with the goal of demonstrating the power of generating financial returns while driving positive impact outcomes, the Chicago-based, women-owned and led firm has invested across venture capital and private equity, and into both direct company investments and funds. Impact Engine is also recognized as an educator and field builder in the impact investing industry.
“We are excited to partner with Bernstein Private Wealth Management to offer a private market impact investment solution,” said Priya Parrish, Partner & Chief Investment Officer of Impact Engine. “This strategic relationship supports our mission as a Public Benefit Corporation to engage more investors, entrepreneurs, and advisors in a market where financial returns are linked to positive social impacts, and it will also contribute to the growth and diversification of the impact investing industry.”
“Over the last year, our firm’s Portfolios with Purpose AUM was $29 billion, which was up 37 percent year-over-year,” said AB’s Chief Responsibility Officer Michelle Dunstan. “This significant growth represents a strong desire from our clients to have their investments generate positive, tangible change in addition to financial returns. Our firm recognizes that making an impact through investments cannot be done alone; this partnership with Impact Engine reflects our global focus on creating a better future while generating the financial outcomes our clients desire.”
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of May 2022, AllianceBernstein had $687B in assets under management. Additional information about AB may be found on our website, www.alliancebernstein.com.
About Impact Engine
Impact Engine is a women-owned and led, Chicago-based venture capital and private equity firm investing exclusively in funds and companies driving positive impact in economic
opportunity, environmental sustainability, and health equity. Additional information about Impact Engine may be found at www.theimpactengine.com.
AllianceBernstein
AllianceBernstein
AllianceBernstein (AB) is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients in major world markets.
To be effective stewards of our clients’ assets, we strive to invest responsibly—assessing, engaging on and integrating material issues, including environmental, social and governance (ESG) considerations into most of our actively managed strategies (approximately 79% of AB’s actively managed assets under management as of December 31, 2024).
Our purpose—to pursue insight that unlocks opportunity—describes the ethos of our firm. Because we are an active investment manager, differentiated insights drive our ability to design innovative investment solutions and help our clients achieve their investment goals. We became a signatory to the Principles for Responsible Investment (PRI) in 2011. This began our journey to formalize our approach to identifying responsible ways to unlock opportunities for our clients through integrating material ESG factors throughout most of our actively managed equity and fixed-income client accounts, funds and strategies. Material ESG factors are important elements in forming insights and in presenting potential risks and opportunities that can affect the performance of the companies and issuers that we invest in and the portfolios that we build. AB also engages issuers when it believes the engagement is in the best financial interest of its clients.
Our values illustrate the behaviors and actions that create our strong culture and enable us to meet our clients' needs. Each value inspires us to be better:
- Invest in One Another: At AB, there’s no “one size fits all” and no mold to break. We celebrate idiosyncrasy and make sure everyone’s voice is heard. We seek and include talented people with diverse skills, abilities and backgrounds, who expand our thinking. A mosaic of perspectives makes us stronger, helping us to nurture enduring relationships and build actionable solutions.
- Strive for Distinctive Knowledge: Intellectual curiosity is in our DNA. We embrace challenging problems and ask tough questions. We don’t settle for easy answers when we seek to understand the world around us—and that’s what makes us better investors and partners to our colleagues and clients. We are independent thinkers who go where the research and data take us. And knowing more isn’t the end of the journey, it’s the start of a deeper conversation.
- Speak with Courage and Conviction: Collegial debate yields conviction, so we challenge one another to think differently. Working together enables us to see all sides of an issue. We stand firmly behind our ideas, and we recognize that the world is dynamic. To keep pace with an ever changing world and industry, we constantly reassess our views and share them with intellectual honesty. Above all, we strive to seek and speak truth to our colleagues, clients and others as a trusted voice of reason.
- Act with Integrity—Always: Although our firm is comprised of multiple businesses, disciplines and individuals, we’re united by our commitment to be strong stewards for our people and our clients. Our fiduciary duty and an ethical mind-set are fundamental to the decisions we make.
As of December 31, 2024, AB had $792B in assets under management, $555B of which were ESG-integrated. Additional information about AB may be found on our website, www.alliancebernstein.com.
Learn more about AB’s approach to responsibility here.
More from AllianceBernstein
