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Non-Profit Foundation
sedfny.org

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Investments

7

Portfolio Exits

1

Funds

1

About Soros Economic Development Fund

The Soros Economic Development Fund (SEDF) supports economic development in post-conflict countries and in nations transitioning to democracy. It promotes economic opportunities and access to information, products and services for underserved populations. SEDF invests in sustainable businesses or initiatives that strive to alleviate poverty by creating jobs and revitalizing deteriorating communities. SEDF is a nonprofit private foundation that is part of the Open Society Foundations, a network of charitable foundations created by investor and philanthropist George Soros. Established in 1997, SEDF has over $200 million in investment capital and employs 15 people in New York, Budapest, Freetown, Johannesburg and Nairobi.

Soros Economic Development Fund Headquarter Location

224 West 57th Street 9th Floor

New York, New York, 10019,

United States

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Latest Soros Economic Development Fund News

Aristata Capital Completes 1st Closing of Impact Litigation Fund Dedicated to Driving Positive Social and Environmental Change

Jul 7, 2022

July 07, 2022 07:00 AM Eastern Daylight Time LONDON--( BUSINESS WIRE )--Aristata Capital is pleased to announce that it has secured nearly £40 million of capital in its initial closing for its first impact litigation fund, Aristata Impact Litigation Fund I (AILF I). Aristata Impact Litigation Fund I offers investors and the community a win-win. For investors, AILF I will seek to provide above market, uncorrelated returns from investments in commercial litigation. At the same time, AILF I investments aim to produce significant and measurable impact across a global portfolio of claims including human rights, environmental protection, climate change, equality, indigenous rights, and a range of other critical cause areas. AILF I seeks to provide access to justice and the courts to claimants who otherwise would not have the resources necessary to pursue their own claims, beginning to address a serious imbalance of power in the global system of commercial litigation. The first closing round was anchored by Capricorn Investment Group’s Sustainable Investors Fund and The Soros Economic Development Fund and includes several foundations as well as a number of family offices. “Aristata is proving that investors don’t have to choose between achieving financial returns and driving social and environmental impact,” said Rob Ryan, CEO of Aristata Capital. “Our impact focus is a powerful competitive advantage - we are confident that Aristata’s innovative investment strategy will drive attractive and competitive returns for our investors in a new market segment, while also enabling us to carry out our mission of closing the justice gap in commercial litigation where the system favours commercial strength and penalises those without.” Aristata is a pioneer in the field of social and environmental impact litigation, bringing an impact investing lens to commercial litigation funding to seek attractive, uncorrelated financial returns while delivering positive, systemic social and environmental change. Aristata offers the first truly blended approach to litigation funding allowing investors to combine both the commercial rigour of traditional litigation funding methodologies and the success of public interest litigation strategies to drive social and environmental change. “Since 2000, Capricorn has backed multiple new partnerships focused on specific areas of impact or sustainability, such as renewable energy infrastructure, clean technology, health and wellness, financial inclusion, and sustainable asset management,” said Eric Techel, Partner at Capricorn. “Aristata is a great fit with this strategy, and we are excited to support the team as it builds the platform and establishes the funding of commercial litigation, with positive and measurable social impact, as an asset class.” Aristata seeks to create a safer and more equitable world by financing legal cases that empower historically marginalised voices, equalise unjust power dynamics and catalyse systemic change that protects the environment and communities. Aristata investments seek to secure compensation for individuals, communities and other claimants affected by damaging commercial activity, to unlock the impact potential of similar cases to provide scalability and to generate successful legal outcomes that pressure corporations and industries to change behaviour. “This investment builds on OSF’s many years of experience leading strategic litigation work,” said Catherine Cax, acting Chief Executive Officer of the Soros Economic Development Fund. “By using investment capital for Aristata we are hoping to augment the ways in which we strive to bring accountability to human rights abuses and environmental infractions through an innovative commercial model.” Aristata operates in markets across the globe, sourcing claims from law firms and civil society wherever corporate activity causes harm. Aristata’s experienced litigation funding team is supported by an Investment Committee made up of experienced legal professionals and an Impact Advisory Board of international thought leaders across a diversified range of cause areas. About Our Investors: Capricorn Investment Group is one of the largest mission-aligned firms in the world and has since its inception in 2000 grown to manage more than $10 billion in multi-asset class portfolios for institutional investors through their range of impact-focused strategies. Their Sustainable Investors Fund (SIF) is a private equity partnership whose investment objective is to create significant value through ownership and early-stage investment in public and private asset managers who incorporate sustainability as a key driver of investment returns. The firm has offices in New York City and Palo Alto and was born from a belief that sustainable investment practices can enhance risk-adjusted returns. Underlying this investment approach is a deep desire to demonstrate the huge investment potential that resides in breakthrough commercial solutions to the world’s most pressing problems. The Soros Economic Development Fund was established in 1997 by Open Society’s founder, George Soros to pursue impact investment opportunities. Now part of the Open Society Foundations, SEDF has committed over $400 million in support of the foundations’ work around the world. Contacts

Soros Economic Development Fund Investments

7 Investments

Soros Economic Development Fund has made 7 investments. Their latest investment was in Univercells as part of their Series C - II on December 12, 2020.

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Soros Economic Development Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/17/2020

Series C - II

Univercells

$24.46M

Yes

2

8/8/2017

Series B

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$99M

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10

3/25/2014

Unattributed

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$99M

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10

9/30/2013

Private Equity

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10

1/1/2012

Debt

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$99M

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10

Date

12/17/2020

8/8/2017

3/25/2014

9/30/2013

1/1/2012

Round

Series C - II

Series B

Unattributed

Private Equity

Debt

Company

Univercells

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Amount

$24.46M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Soros Economic Development Fund Portfolio Exits

1 Portfolio Exit

Soros Economic Development Fund has 1 portfolio exit. Their latest portfolio exit was SV Agri on April 13, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/13/2022

Corporate Majority

$99M

1

Date

4/13/2022

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

1

Soros Economic Development Fund Acquisitions

1 Acquisition

Soros Economic Development Fund acquired 1 company. Their latest acquisition was Mologic on August 13, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/13/2021

Grant

$99M

$14.85M

Acquired

2

Date

8/13/2021

Investment Stage

Grant

Companies

Valuation

$99M

Total Funding

$14.85M

Note

Acquired

Sources

2

Soros Economic Development Fund Fund History

1 Fund History

Soros Economic Development Fund has 1 fund, including Ethiopian Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/21/2019

Ethiopian Investment Fund

$10M

1

Closing Date

10/21/2019

Fund

Ethiopian Investment Fund

Fund Type

Status

Amount

$10M

Sources

1

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