CIS Catholic Impact Fund II Press Release – June 2023
CIS Completes Fundraising for Second Catholic Impact Fund
BOSTON, MA – June 7, 2023 – Catholic Investment Services (CIS) announced today that it has taken another major step forward in its private market strategies for Catholic institutional investors through a significant subscription in a newly closed $370 million impact fund.
The CIS Catholic Impact Fund II (CIF II) has subscribed for $58.7 million, or approximately 16%, of total committed capital for the Hamilton Lane Impact Fund II (HLIF II), which recently held its final close for $370 million.
Using a Catholic lens, CIF II will invest in businesses globally, notably those that focus on clean energy transition, sustainable processes, health and wellness, and community development. HLIF has made a total of nine investments thus far, and while not necessarily indicative of future results, has had strong performance out of the gate, breaking the “J-curve” in just three quarters.
“We are excited by the high level of interest shown by Catholic institutions in our second impact strategy” said CIS CEO Tom Lanctot. “We are investing in companies that not only are doing great things for the world, but are also great businesses offering Catholic institutions potentially attractive investment returns.”
CIS provides investment management solutions for a wide variety of Catholic organizations and their consultants/advisors, including dioceses, religious orders, educational institutions, social service providers, healthcare systems and foundations. All of its investors are non-profits.
Please note CIS Catholic Impact Fund II is closed and no longer available for new investments.
About Catholic Investment Services
CIS is a non-profit, SEC registered investment advisor that manages endowment, foundation and pension assets for Catholic organizations. CIS seeks to deliver strong investment returns aligned with Catholic principles so Catholic organizations can make a bigger impact in their communities. CIS was founded by some of the investment industry’s most respected leaders to address the investment challenges faced by Catholic organizations. CIS has over $900 million in assets under management. www.catholicinvest.org
Statements contained in this release that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of the Fund’s general partner. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Moreover, certain information contained in this release constitutes “forward-looking” statements, which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Fund may
differ materially from those reflected or contemplated in such forward-looking statements. This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.