Updated:
Impact Engine
Impact Engine is a registered investment advisor that builds and manages venture capital and private equity portfolios to drive positive impact in economic...
Impact Engine
Impact Engine is a registered investment advisor that builds and manages venture capital and private equity portfolios to drive positive impact in economic opportunity, environmental sustainability, and health equity. The firm was founded in 2012 and has since grown to surpass $250M in assets under management. Impact Engine partners with investors to create bespoke investment vehicles tailored to their objectives.
General information
Firm type
Fund of Funds
Year founded
2012
AUM
$250M (per the firm, 2025)
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Jessica Droste Yagan
Partner & Chief Executive Officer
Priya Parrish
Partner & Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Impact Engine?
Investment decisions are led by Priya Parrish, Partner & Chief Investment Officer. She wrote The Little Book of Impact Investing and oversees the firm's PE fund and partnership vehicles (per the firm's website). Jessica Droste Yagan serves as Partner & CEO.
Is Impact Engine structured as a single family office or a venture firm?
Impact Engine is a for-profit public benefit corporation and a registered investment adviser — not a family office. It operates as a fund-of-funds manager with two strategies: a private equity fund-of-funds and a partnerships arm that crafts bespoke impact vehicles for institutions.
Does Impact Engine invest directly in companies or only through funds?
Impact Engine primarily invests through other funds — making it a fund-of-funds — but it also selects co-investments in portfolio companies of those funds. Its partnerships strategy can combine fund investments and co-investments across venture, growth, and buyout stages (per the firm).
What investment themes does Impact Engine focus on?
The firm targets three interconnected themes: economic opportunity, environmental sustainability, and health equity. It seeks funds that generate positive impact in these areas alongside financial returns (per the firm).
How is Impact Engine related to Bernstein Private Wealth?
Since 2022, Impact Engine has acted as sub-advisor for Bernstein Private Wealth's bespoke impact private markets fund-of-funds. Impact Engine manages Bernstein's first fund ($55M) and second fund ($40M), investing across venture, growth, and buyout (per the firm).
What investment stages does Impact Engine target?
Impact Engine's private equity strategy targets growth equity and buyout stages. Its partnerships strategy spans early-stage venture capital through buyout, depending on the custom vehicle (per the firm).
Where does the underlying wealth in Impact Engine's funds come from?
Impact Engine does not disclose the specific sources of wealth for its limited partners. The firm's capital comes from institutional investors and high-net-worth individuals, with Bernstein Private Wealth as a publicly named partner (per the firm).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: