Mission Driven Finance and Known Holdings are combining their offerings for impact-oriented fund managers, a prelude to a larger collaboration intended to provide the scope and scale needed to attract larger pools of capital.
The partnership brings together San Diego-based MDF’s fund administration, structuring and support services with Built, Fund as a Service, the fund infrastructure platform developed by New York-based Known.
The collaboration is part of a larger trend toward consolidation in the impact investing marketplace. A number of investment advisory firms have combined in recent years, and industry experts expect more asset and fund managers to similarly join forces to be able to attract larger institutional investors.
“The challenge is ensuring the opportunities that are ready to scale have access to the support required to do it,”…
