# Impact Engine

Impact Engine is a Fund of Funds based in Chicago, United States.

## Overview

- **Organization type:** Fund of Funds
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2012
- **Assets under management:** $250M (per the firm, 2025)
- **Website:** www.theimpactengine.com
- **LinkedIn:** https://www.linkedin.com/company/2353515

## Regulatory record

- **CRD number:** 304022
- **SEC file number:** 801-128444
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/304022

## About

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.

## Sectors

- Venture Capital
- Private Equity
- Impact Investing
- Economic Opportunity
- Environmental Sustainability
- Health Equity

## People

- Jessica Droste Yagan — Partner & Chief Executive Officer
- Priya Parrish — Partner & Chief Investment Officer

## 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.

### 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).

## Related profiles

- [Illinois Growth and Innovation Fund (ILGIF)](https://altss.com/profile/illinois-growth-and-innovation-fund-ilgif)
- [Invesco Advisers](https://altss.com/profile/invesco-advisers)

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Last updated: 2026-07-11T02:36:09.000Z

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