In designating a portion of our overall investment portfolio for the development of an impact investment portfolio—investing in companies, organizations, and funds with the intention of generating measurable social and environmental impact as well as a financial return—our overall objective for the fund is to:

• Increase access to quality, affordable healthcare;
• Improve patient outcomes through digital health/technology solutions;
• Increase access to healthy foods;
• Support small businesses; and
• Support job creation.

• Expansion of existing or new physical access points for health care (e.g. community health centers);
• Telehealth advancements for primary and specialty care;
• Data analytics for population health management, specifically for lower income populations;
• Tools to improve care coordination and integrations, especially for managing high-cost populations;
• Tech-enabled interventions for managing chronic disease; and
• Increase of access to capital for minority-owned, small businesses. 

• The Health Foundation will incorporate the following guiding principles in its impact investing strategy:

  • Invest to advance health equity.
  • Reduce health disparities through impact investments.
  • Prioritize social impact, while achieving an appropriate financial return.
  • Focus on long-term vision and systems change.
  • Be opportunistic in considering impact investments that advance HFSF’s mission.
  • Leverage business models that show potential significant growth and scale.

With an initial allocation over the next two to three years, permissible asset classes include loans, fixed income, public equities, private equity (including venture capital and real estate, unique/structured products, and guarantees). The Health Foundation will also consider impact investments across return expectations including both mission-related investments and concessionary rate investments typically referred to as program-related investments.

The investment size for impact investments will range from $250,000 to $1 million, though exceptions may be made on a case by case basis.

The impact investment portfolio will target investments that benefit South Florida, with a particular focus on Miami-Dade, Broward, and Monroe counties. Exceptions can be made for investments that have statewide benefits.

The Health Foundation of South Florida will consider both direct investments and those via financial intermediaries and/or fund managers.