Prime Coalition

Written By Anjali Deshmukh

Impact Strategy Summary

  • Investment type/ asset class: Venture

  • Stage: Early stage (Seed through Series A)

  • Geographic Focus: Mostly US

  • Sector: All emitting sectors + carbon removal

  • Organization type(s): Prime is a nonprofit 501(c)(3) and conducts assessment for tech it invests in and manages, as well as tech it invests in and does not manage. Prime’s impact & Additionality assessments are gating factors for all investments we affiliate with.

  • Impact assessment capacity: 1 FT &1 PT dedicated to impact assessment

  • Assets under management/tied to impact assessment: Prime has mobilized $250MM+ for climate investment. Prime is not an asset manager.

  • Strategies to steer towards impact: Investment manager carried interest tied to impact milestones; latest fund supports continuing governance through follow-on stages.

Methodology Summary

  • Does an existing methodology align with yours? If so, which one(s)? Prime/NYSERDA ERP 

  • Time horizon of assessment: Through 2050

  • Fractionalize shares of impact among interdependent climate technologies: No

  • Fractionalize your share of impact as an investor among many investors: No

  • Metrics tracked: Potential GHG impact (Annual/ Cumulative); Progress toward impact milestones; Realized GHG impact; Geographic and demographic diversity of pipeline and portfolio; Investment manager actions toward impact.

  • How realized impact is/will be tracked: Process under construction!

  • Other assessment or investment-decision making characteristics you're proud of: Systematic approach to Additionality (detail coming soon)

  • Resources: Prime/NYSERDA ERP Assessment Approach; Prime Coalition 2021 Climate Impact Audit

Anjali Deshmukh
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