Managed Assets

We believe that all assets pledged to our organization should be used to reflect the values of the organization.

flexa

Overview

The traditional approach to portfolio construction utilizes the modern portfolio theory to optimize for your individual goals. Within the one-pocket mindset, the traditional approach is tilted to reflect your value set. The challenge here is to find an optimal mix of investments that reflect values without causing the portfolio to take undue risk. 

Conscious construction of one’s portfolio is difficult, but not impossible. Over time Access Ventures has sought to find efficient solutions to this complexity within each asset class and has sought out like-minded partners such as the Caprock Group to find, diligence and invest into mission-aligned investments that achieve above-market financial returns. In addition to a conviction to invest our capital in line with our values, we also believe that companies scoring well on environmental, social, and governance metrics will offer above-market returns in the long run. 

Access Ventures has traditionally used an active strategy to manage our direct investments, and our results have matched and beaten the market since we began this work. These strategies are exciting and provide insight into the performance of our values in a global context.

Our Managed Assets

In our pursuit of a consciously-constructed portfolio, each investment is scored according to its function. Like any investor, we weigh the merits of each investment carefully. Some of these characteristics may seem relatively familiar to traditional investors, such as risk and return profiles, liquidity options, and time horizon. But as a mission-driven investor, we also weigh other factors that traditional investors leave out, including how a company treats employees, manages waste, and impacts the communities in which it operates.

As a philanthropic investor, we sometimes choose to make investments for which we expect a below-market rate of return because we have a compelling mission-related reason for doing so (and we designate such investments as “program-related investments”). This is the very real extension of one-pocket portfolio.

When constructing our one-pocket portfolio we consider the following six components:


  • Mission

    All enterprises, regardless of tax status, produce both social and financial results, on a spectrum from positive to negative, including neutral. Their financial and social performance is measurable and varies over time. The mandate of the organization to ensure it’s values are present throughout the portfolio means each investment decision must review the extent of mission fit present in the offering.

  • Liquidity

    Given our function as a private operating foundation, we are constantly balancing our portfolio to ensure we have proper liquidity to enable the ongoing work of the organization.

  • Financial

    We believe we can identify appropriate, mission-aligned investments in every asset class that deliver the financial performance we need for a blended and consciously constructed portfolio.

  • Network

    As Access Ventures strives to change the way the world invests an expanded network provides more opportunities for learning, collaboration, and influence. Additionally, the organization’s network provides expertise that may be leveraged in pursuit of its mission and a pipeline for new ideas and opportunities.


  • Risk

    Each investment class carries a different risk profile and is considered as part of the total portfolio construction. Risk is not necessarily defined by financial risk, but also includes missional risk as well.

  • Experience

    “Change is the only constant in life” (Heraclitus). We don't always know the answer and we strive to posture ourselves in a way that allows for learning, and experimentation. We view growth as the pursuit of more and better ways to serve others and humility as the posture one should take in order to grow effectively. As a company, we are always pushing forward knowing that we don't have a monopoly on good ideas and solutions. As the graphic below illustrates, Access Ventures makes strategic use of its direct investment portfolio as it provides the most direct form of impact investment. We believe this conscious construction approach ensures our values are present in the portfolio while also maintaining an appropriate balance of management principals. As the market continues to present new and exciting investment opportunities we are confident our portfolio will reflect the organization’s purpose of existence. 


Conscious Construction
AV One-pocket Graph

As the graphic illustrates, Access Ventures makes strategic use of its direct investment portfolio as it provides the most direct form of impact investment. We believe this conscious construction approach ensures our values are present in the portfolio while also maintaining an appropriate balance of management principals. As the market continues to present new and exciting investment opportunities we are confident our portfolio will reflect the organization’s purpose of existing.

Learn More About One-Pocket

Let's Connect

Our vision is to impact the world by providing capital to the best organizations. If you have a project or idea you’d like to discuss with us then please send us information about your business to review.

1155 S Shelby St. Louisvill, KY 40203

Send Us A Message