- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee United States of America
- IPO Date
- Nov 5, 2021
- Business
- Variant Impact Fund (IMPCX) is a continuously-offered, non-diversified, registered closed-end interval fund that seeks to provide a high level of current income through a diversified portfolio of unconventional income-generating assets, with capital appreciation as a secondary objective; the Fund also targets positive social and environmental impact by investing in niche market opportunities aligned with the United Nations Sustainable Development Goals (UN SDGs) and its proprietary impact investing framework. Core investment strategies encompass lender finance and asset-backed lending across asset classes including specialty finance, real estate debt and equity, secondaries, portfolio finance, warehouse facilities, trade finance, and transportation finance; key IRIS+ impact themes comprise financial inclusion, affordable quality housing, energy efficiency, clean energy, access to quality education, gender lens, access to quality health care, sustainable agriculture, resilient infrastructure, and racial equity. The Fund deploys capital globally across more than 27 countries, with primary exposure in the United States (59%), followed by regions in Africa (such as Kenya, Nigeria, Rwanda, Uganda, Ghana, and Egypt), Latin America (Mexico, Colombia, Peru, Panama), Europe (France, United Kingdom, Luxembourg), Asia (Indonesia, India), and North America (Canada). Launched on November 1, 2021, the Fund is managed by Variant Investments, LLC, an SEC-registered alternative credit investment manager with nearly $3 billion in assets under management, headquartered at 10200 SW Greenburg Road, Suite 760, Portland, Oregon 97223. As of July 2025, Fund assets reached $85.7 million, growing to approximately $87 million by November 2025, reflecting robust capital deployment across 35 strategies and 10 impact themes, with 46% of commitments under one year and 78% as direct investments. Recent developments include the publication of the 2025 Annual Impact Report in September 2025, highlighting expanded private credit access across nine impact themes; the appointment of Drake Hicks as Vice President, Head of Impact in July 2025 to refine the impact framework and stakeholder engagement; membership in Impact Capital Managers in 2023 and the Global Impact Investing Network since May 2021; and strategic advisory engagement with Tideline for impact management systems.