2025 Annual Impact Report
Investment Profiles
Portfolio Overview
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Investment Profiles
Sustainable Processes; Health & Wellness
Materials
$7M
July 2019
Impact Focus Area(s)
SDGs
Industry
Peloton Equity
Commitment
Inv. Date
GP
AeroSafe Global develops and manufactures aerogels and aerogel-related materials for use in temperature-sensitive shipping applications, providing end-to-end cold chain logistics solutions primarily for the pharmaceutical and biomedical industries.
gallons of water reduced
44.9M
metric tons of landfill waste reduced
16,200
total shipments
return rate for shipping boxes in its container reuse program
98.6%
MWh of electricity use reduced vs. traditional Styrofoam solutions
104,000
1.3M
product loss vs. 3% product loss using standard delivery practices and traditional Styrofoam solutions
0%
patient and provider satisfaction
100%
Impact Metrics
Metrics shown represent 2024 CY annual figures, unless otherwise noted.
Metrics calculated and provided directly by the general partner or underlying company.
Impact Over Hold Period
Estimated CO2 Avoided (Metric Tons)
2024
2023
Projected Remaining
Actual
Impact and Investment Thesis
AeroSafe Global’s innovative packaging allows customers to safely deliver temperature-sensitive products in a sustainable, environmentally friendly and reusable package, which provides superior performance, while using substantially less material than typical packaging solutions. The company is well-positioned to benefit from industry tailwinds as the global cold-chain logistics market is expected to grow significantly, driven by the increasing development of biologics and vaccines requiring cold storage.
Recent Activity
AeroSafe Global was recognized as one of the fastest-growing privately owned companies in the U.S. for its continued cold chain innovation, making the Inc. 5000 list for the third time in 2024. (September 2024)
BioCare, a leader in specialty pharma distribution, adopted AeroSafe’s reusable packaging to safely deliver life-saving therapies with advanced technology and sustainable solutions, introducing real-time tracking and excursion-free delivery assurance while enhancing both environmental and patient safety outcomes. (October 2024)
In 2024, the company’s AeroLoop reuse model delivered measurable environmental benefits, including a 65% reduction in carbon emissions, 90% reduction in landfill waste and 98%+ return rate, which extended container lifespan to over 100 uses.
AeroSafe Global also partnered with a leading pharmaceutical company to support their Circular for Zero initiative and provide safe and sustainable shipping solutions for the distribution of their flagship weight loss medications. (April 2025)
The Canadian Association for Pharmacy Distribution Management, a leading healthcare industry association with a unique focus on supply chain management, welcomed AeroSafe Global as a service provider, advancing their mission of ensuring the safe and efficient delivery of temperature-sensitive medicines across the Canadian healthcare ecosystem. (May 2025)
Cumulative Energy Demand quantifies the total energy consumed throughout a product's life cycle. ASG’s shippers require transportation to enable distribution. By focusing on CED, the company can assess the overall energy efficiency of its operations and identify opportunities for energy optimization and conservation.
See how AeroSafe is decarbonizing the pharma supply chain with reuse
Single-use Styrofoam packaging can take up to 500 years to break down in a landfill. Approximately 1,369 tons of Styrofoam are buried in U.S. landfills every day. AeroSafe Global has the world's largest parcel reuse program, garnering a 98.6% return rate and allowing boxes to be reused over 70x.
We’ve partnered with Novata, an ESG and impact metrics collection and tracking tool designed for private markets.
20.2M
23.0M
73.2M
28.4M
Investment Profiles
Community Development
IT
$6M
November 2019
Impact Focus Area(s)
SDGs
Industry
JMI Equity/Hg Capital
Commitment
Inv. Date
GP
Benevity is a provider of cloud-based workplace giving and employee engagement solutions that facilitate corporate social responsibility programs such as employee and employer giving, corporate matching, and volunteering initiatives.
donations processed
($18.5B total1)
$3.4B
unique individuals participating in one or more giving or volunteering mission (6.5M total1)
3M
animals receive stable living conditions and proper care
91,000
people with immediate critical aid during disaster
680,000
people gain immediate access to a meal when needed
1.3M
unique non-profits supported globally (including 192K new non-profits/causes added and 513K total1)
321,000
people access free or low-cost options for basic everyday needs, such as clothing and household goods
152,800
Impact Metrics
Metrics shown represent 2024 CY annual figures, unless otherwise noted.
1Metrics shown represent cumulative figures as of December 31, 2024, since company inception.
Metrics calculated and provided directly by the general partner or underlying company.
Impact Over Hold Period
Volunteer Hours
2024
2023
Projected Remaining
Actual
Impact and Investment Thesis
Benevity’s platform encourages employee engagement and philanthropy; employees who both volunteer and donate through the platform have been shown to donate nearly two times as much as non-volunteers. Users can nominate new charities onto the donation platform, creating an attractive network to match employees and corporations with charities.
Recent Activity
In 2024, the company launched Benevity Impact Reports with Impact Genome, providing in-depth reporting on social outcomes from employee giving and volunteering data.
In The State of Corporate Purpose 2025, Benevity reports 88% of leaders say their impact strategies are future-proofing their business when it comes to talent acquisition and retention, customers and regulatory readiness.
(May 2025)
Discover how Benevity empowers changemakers worldwide to tackle urgent social and environmental challenges by connecting businesses, employees and communities through purpose-driven action.
We’ve partnered with Novata, an ESG and impact metrics collection and tracking tool designed for private markets.
Investment Profiles
Health & Wellness
Healthcare
$25M
April 2021 (Fund I); January 2022 (Fund II)
Impact Focus Area(s)
SDGs
Industry
HCAP Partners
Commitment
Inv. Date
GP
BetterNight (fka SleepData) provides sleep care diagnostics and treatment with a focus on increasing the accessibility and affordability of care while improving patient outcomes through innovations including telehealth offerings.
resolution of insomnia symptoms
92%
90-day patient compliance (vs. 33% for conventional treatment)
patient satisfaction
99%
73%
diagnostic process
(vs. a 4-month average for conventional treatment)
2-week
in cost reductions vs. conventional treatment
50%
Impact Metrics
Metrics shown represent 2024 CY annual figures.
Metrics calculated and provided directly by the general partner or underlying company.
Impact Over Hold Period
Patient Treatments Provided via Better Access to Healthcare
2024
2023
Projected Remaining
Actual
Impact and Investment Thesis
Sleep dysfunction is a chronic widespread issue, with 50 million to 70 million Americans reporting dysfunctional sleep and an estimated 54 million adults suffering from sleep apnea. The CDC has labeled insufficient sleep as a “public health epidemic.” Accessibility is key to ensuring positive patient outcomes, and when combined with a more affordable and comprehensive solution, BetterNight is better able to serve customers than competitors.
Recent Activity
During Mental Health Awareness Month, BetterNight highlighted the following sleep apnea statistics: (i) approximately 80% of moderate and severe obstructive sleep apnea cases are undiagnosed, (ii) untreated sleep apnea can lead to a 3-4 times higher risk of stroke and a 2-3 times higher risk of heart disease and (iii) the economic impact of undiagnosed sleep apnea in the U.S. is estimated to be nearly $150 billion annually. (May 2024)
The Company noted the intersection between sleep apnea and hypertension, emphasizing the cardiovascular risks associated with disrupted breathing during sleep. BetterNight referenced studies that show early detection and treatment of sleep apnea in hypertensive individuals improves patient outcomes, promoting continuous positive airway pressure therapy as an effective treatment for sleep apnea and lowering blood pressure. (May 2024)
BetterNight highlighted the gender-specific differences in sleep apnea diagnoses and treatment, sharing that symptoms often present differently in women than men and emphasizing the importance of personalized treatment and advancements in technology to ensure equitable and improved sleep health outcomes. (June 2024)
The company announced its acquisition of Epoch Sleep Centers, a provider of full-service sleep apnea solutions including diagnostics and treatment, which is expected to expand BetterNight’s geographic footprint in the Northeastern U.S. (September 2024)
BetterNight’s comprehensive solution simplifies the sleep apnea patient journey and adds zero burden to physicians and their practice. This solution is efficient, less costly and delivers double the average customer satisfaction.
We’ve partnered with Novata, an ESG and impact metrics collection and tracking tool designed for private markets.
Impact and Investment Thesis
Bloomerang’s software helps search for, engage and retain advocates by enabling users to view, organize, track and measure donor engagement levels, addressing the biggest challenge for non-profit organizations – donor retention. The company’s sticky platform offering has positioned it to capture additional market share within the donor management software space, which is largely fragmented.
Recent Activity
Bloomerang launched an industry-first Giving Statements feature in which non-profits can express gratitude to supporters and showcase the impact of their volunteer, in-kind and financial donations, while supporting compliance with IRS requirements. (January 2025)
Daxko, a leading software and integrated payments solution provider in the health and wellness industry, partnered with Bloomerang to offer an integration that links donations and supporter activity to member records, allowing health and wellness organizations to build lasting relationships with supporters more seamlessly. (March 2025)
Bloomerang with Meals on Wheels America, a leading organization dedicated to addressing senior isolation and hunger, are working together to equip local Meals on Wheels providers with robust fundraising solutions and streamlined volunteer management to increase organizational capacity and serve more seniors. (March 2025)
Investment Profiles
Donation Volume ($USD)
Community Development
IT
$9M
October 2020
Impact Focus Area(s)
SDGs
Industry
JMI Equity
Commitment
Inv. Date
GP
Bloomerang provides donor management and retention software for small- and mid-sized, non-profit organizations, aiming to increase donation volumes for its customer base across a variety of missions.
total donors/constituents using the platform
113.5M
total non-profits using the platform
18,600
$15.5B
$32.7B
$10.6B
$8.0B
Impact Over Hold Period
2024
2023
Projected Remaining
Actual
Impact Metrics
Metrics shown represent 2024 CY annual figures, unless otherwise noted.
1Metrics shown represent cumulative figures since our investment in October 2020.
Metrics shown include consolidated data from Bloomerang and Kindful.
Metrics calculated and provided directly by the general partner or underlying company.
Andrew Durante discusses our investment in Bloomerang and dives deeper into the Hamilton Lane advantage.
See how the Boys & Girls Clubs of Hawaii used Bloomerang, a platform that was built for their purpose, to easily track donor retention and manage relationships, celebrating every time a supporter said "yes" to their mission.
We’ve partnered with Novata, an ESG and impact metrics collection and tracking tool designed for private markets.
MWh of avoided LED generation
9,900
metric tons of geothermal CO2 reduction
1,200
energy efficiency and renewable projects completed
102
MWh of avoided geothermal generation
13,900
metric tons of LED CO2 reduction
2,000
metric tons of solar CO2 reduction
1,500
MWh of avoided solar generation
6,800
metric tons of total CO2 avoided over life of assets installed
130,000
Investment Profiles
Clean Energy Transition
Energy
$4M
July 2021
Impact Focus Area(s)
SDGs
Industry
SER Capital
Commitment
Inv. Date
GP
Brightcore is a development, implementation and financing platform for commercial and institutional customers to deploy renewable energy and energy efficiency solutions.
Impact Over Hold Period
Electricity Use Reduced (MWh)
2024
2023
Projected Remaining
Actual
Impact Metrics
Metrics shown represent 2024 CY annual figures, unless otherwise noted.
Metrics calculated and provided directly by the general partner or underlying company.
Impact and Investment Thesis
Brightcore’s offerings help customers improve their environmental footprint and lower energy costs in order to achieve meaningful reductions in emissions and waste. The company addresses clear needs for energy transformation across several key business lines including LED lighting, solar photovoltaic installation, geothermal heating and cooling, battery storage and EV charging.
Recent Activity
Brightcore and Luminace, one of the largest decarbonization-as-a-service providers in North America, jointly announced a new community solar project portfolio to be installed on eight commercial rooftops in New Jersey, which is expected to generate nearly 8 MWh of clean, sustainable electricity annually. (November 2024)
Brightcore is leading the way in transforming sustainable heating and cooling solutions in Washington, D.C., with the installation of the city’s largest community-scale geothermal system at Barry Farm, a historic redevelopment project in D.C. for affordable housing, bringing sustainable energy to a historically underserved community. (March 2025)
Brightcore was recognized by the American Society of Mechanical Engineers for its work at The Beresford, a nearly century-old, co-op building on the National Register of Historic Places and a New York City designated landmark, which included a geothermal retrofit that reduced the building’s greenhouse gas emissions by 41%. (April 2025)
2024 was a milestone year for
Brightcore Energy, having made significant strides toward a more sustainable future.
We’ve partnered with Novata, an ESG and impact metrics collection and tracking tool designed for private markets.
The Company partnered with DWF, a global provider of integrated legal and business services, on an innovative forestry project to support the firm’s pathway to net zero by 2045; the project is located in the Scottish boarders and operates under the U.K. Woodland Carbon Code, covering 225 hectares of land.
Investment Profiles
37.1M
70.7M
5.1M
11.1M
Impact Over Hold Period
Estimated CO2 Avoided (Metric Tons)
2024
2023
Projected Remaining
Actual
Clean Energy Transition
Industrials
$11M
September 2020
Impact Focus Area(s)
SDGs
Industry
Averna Capital
Commitment
Inv. Date
GP
Climate Impact Partners (fka ClimateCare/Natural Capital Partners) provides carbon offset consulting services, carbon finance project development and carbon credit portfolio creation & management. The company structures, develops and delivers large-scale emission reduction and removal programs for corporate clients across the voluntary and compliance carbon markets.
Impact Metrics
Metrics shown represent 2024 CY annual figures, unless otherwise noted.
Metrics calculated and provided directly by the general partner or underlying company.
Impact and Investment Thesis
Climate Impact Partners works with corporations to assess their carbon footprint and create a program in which the client can purchase carbon credits to fund a range of sustainability projects. The carbon market is projected to accelerate as consumer demand for sustainability, regulation and climate risk to operations and supply chains increases causing companies to proactively consider corporate actions related to ESG and their carbon footprints.
Recent Activity
The Company was awarded Best Offset Retailer for the 12thtime and Best Project Developer in Public Health for the 11thtime in Environmental Finance’s Voluntary Carbon Market Awards. (September 2024)
Climate Impact Partners and Deloitte, in collaboration with Project Seagrass and the U.K.’s National Oceanography Center, announce a groundbreaking program to fund U.K. seagrass recovery and unlock long-term financing to save and reinstate vital seagrass meadows, which sequester carbon, protect coastlines and support marine biodiversity. (October 2024)
The company partnered with DWF, a global provider of integrated legal and business services, on an innovative forestry project to support the firm’s pathway to net zero by 2045; the project is located in the Scottish boarders and operates under the U.K. Woodland Carbon Code, covering 225 hectares of land.