LIFT NM (Local Impact Fixed Income Targeted Investment New Mexico)

Achieving Local Impact with Market Rate Investments

Read the new press release here

Impact investing bridges the divide between philanthropy and traditional investing practices, bringing greater capital to bear on social issues while generating financial gains. NMIIC continues to develop new platforms and programs to direct more impact investment capital to New Mexico with a focus on serving those most often overlooked and marginalized within the state.   

Unlocking capital for greater impact together  

To catalyze more impact investment dollars in our region, New Mexico Impact Investing Collaborative and Groundworks New Mexico partnered with RBC Global Asset Management (RBC GAM) to launch the LIFT NM (Local Impact Fixed Income Targeted Investment New Mexico) Initiative.  RBC GAM was selected through a competitive process with support of Cogent Consulting. 

The newly created impact investing initiative launched with an initial $11 million commitments from Anchorum St. Vincent, Christus St. Vincent and the McCune Charitable Foundation.  

LIFT NM enables foundations and nonprofits with small and large endowments and other private and public investors to pursue geographically targeted, impact-driven investments providing market rate return and daily liquidity through an institutional mutual fund investing publicly traded securities.  These investments can support homeownership, job creation, small business growth, access to affordable rental housing, healthcare and other resources that support development in New Mexico. 

The strategy offers an opportunity for a broad range of asset owners across the State to take collective action and measure the social impact of the combined investment. Through this strategy, community lending institutions will also have a robust secondary market, freeing their balance sheets to move more deals and direct more capital lifting our communities.  

To learn more about the LIFT NM Initiative, read the announcement or visit RBC’s page on the initiative.    

LIFT NM Featured AT THE NMIIC VIRTUAL SUMMIT 2021

On October 18, 2021 the NMIIC Virtual Summit 2021 “Expanding the New Mexico Impact Investing Ecosystem” brought together philanthropic leaders, nonprofit leaders, and impact investors to discuss and collaborate on the future of New Mexico Impact Investing.
Summit Agenda included the special launch panel discussion on LIFT NM – NMIIC Fixed Income Strategy. (Check out the Summit information here.)