Beckon Impact Growth Equity Fund

Product Name

Beckon Impact Growth Equity Fund

Issuer

Beckon Capital

Category

Investment

Type

Private Equity

Target

Wholesale, Institutional

Certified Since

2022

Asset Classes

Private equity

Markets

Australia

Investment Approaches

Impact investing, ESG Integration

It Includes:

  • Riaa icons 11 Impact investments
  • Investment2 More sustainable companies

It has some level of screening for:

    It fully excludes:

    • Riaa icons 36 Armaments
    • Riaa icons 33 Fossil fuels
    • Riaa icons 42 Gambling
    • Riaa icons 52 Human rights abuses
    • Riaa icons 38 Labour rights violations
    • Default selected exclusion Predatory lending
    • Riaa icons 35 Tobacco

    Overview

    Beckon’s mission is to create value by supporting Australian SME businesses that achieve positive impact for individual wellbeing, local communities and the planet. Beckon thinks differently about impact. Beckon believes that: * All businesses can and should understand their holistic impact, both positive and negative (“externalities”) * This understanding will create businesses that are financially stronger, more resilient, and greater contributors to the wellbeing of their communities, people and the planet * The team plays a leading role in supporting companies across all sectors with intention and capacity to deliver positive impact - whether or not delivering impact was their foundational principle *Supporting businesses across the impact maturity spectrum to aspire to excellence will deliver the broadest positive impact across the universe of small business in Australia Beckon’s growth equity investment style is particularly suited to this inclusive and hands-on approach to impact.


    Description


    The team formed Beckon with the firm belief that financial returns and impact are intrinsically linked, and that financial performance can be significantly improved through the use of impact insights to inform core business decisions. 

    Beckon also believes in the capability and potential of Australia’s Small and Medium Enterprise (SME) sector. This is a sector that powers the economy and drives innovation, yet could achieve so much more with greater support and access to capital. 

    Impact + SMEs = sustainable returns that make a difference

    These fundamental beliefs underpin an asset class, new to Australia  – Impact Growth Equity. Beckon expects this asset class will offer strong returns and the capacity to embrace impact in a way that can drive the sustainability and resilience of those returns, while making a difference to people and the planet. This return expectation is based in part on the experience of growth equity internationally, but also on the quality and initiative displayed by Australian enterprises and communities.

    Communities can no longer simply rely on big business, big government or big finance for the answer. The logic of “bigger is better” is falling short.  Bureaucracies are struggling to get resources and services to support people and the environment. 

    Beckon believes that the SME sector is the answer to these challenges. This sector contributes 66% of the workforce and nearly 55% to GDP. It is the driver of innovation, yet many of these companies struggle to access the resources they need to take up the opportunities before them. This SME financing gap is a drag on our economy and our communities’ wellbeing.

    Beckon’s impact measurement methodology incorporates:
    • An investment scoring system that concurrently scores an applicants' impact and financial potential
    • An outcomes-based impact measurement tool similar to the Impact Management Project’s 5 Dimensions of Impact
    • A 360° stakeholder assessment based on ESG criteria adapted for use with Australian SMEs

    International standards for impact assessment are evolving rapidly. Beckon is confident that its methodology meets and exceeds current standards and it will continue to evolve this methodology to meet global best practices and standards.

    RIAA Note: The Beckon Impact Growth Equity Fund is conditionally approved for certification provided the portfolio holdings and performance of the fund is disclosed once available. This will be provided once the fund starts making investments. 

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