Badge Disclosures

National Minority Supplier Development Council

Recognition is not indicative of future performance. NMSDC’s rigorous certification process requires that minority businesses in our Network are at least 51% minority–owned, managed and controlled. Eligibility is established by conducting a series of reviews, screenings, interviews and site visits. This distinguishes NMSDC from other organizations or entities who publish directories allowing for “self-certification”. Stringent standardization also identifies bona fide minority businesses, helping purchasing agents report expenditures as well as vendor utilization rates. These procedures help measure overall performance and progress. No fee, other than the standard application fee, was paid to be considered for this certification.

The following criteria is required for certification:
(1) United States citizens;

(2) Minority businesses must be at least 51% minority–owned, managed and controlled. For the purposes of NMSDC’s program, a minority group member is an individual who is at least 25% Asian-Indian, Asian-Pacific, Black, Hispanic or Native American. Minority eligibility is established via a combination of document reviews, screenings, interviews and site visits. Ownership, in the case of a publicly owned business, means that at least 51% of the stock is owned by one or more minority group members;

(3) Must be a for profit enterprise and physically located in the United States or its trust territories; and

(4) Management and daily operations must be exercised by the minority ownership member(s).

PRI

Recognition is not indicative of future performance. The United Nations-supported Principles for Responsible Investment (PRI) initiative is a network of international investors working together to put the six Principles for Responsible Investment into practice. The PRI were devised by the investment community and reflect the view that environmental, social and governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time) and therefore must be given appropriate consideration into investment and ownership decisions when consistent with fiduciary responsibilities. In implementing the Principles, signatories contribute to the development of a more sustainable global financial system.

In signing the Principles, signatories publicly commit to adopt and implement them, where consistent with their fiduciary responsibilities. Signatories also commit to evaluate the effectiveness and improve the content of the Principles over time. Signatories believe this will improve their ability to meet commitments to beneficiaries as well as better align their investment activities with the broader interests of society.

For more information regarding the Principles for Responsible Investment, please click here. No fee, other than the standard application fee, was paid to be considered for this certification.

ImpactAssets 50 

Recognition is not indicative of future performance. IA50 is a representative list of funds from across the impact investing ecosystem. The database is updated annually to help investors and advisors identify experienced impact investment firms. The initiative is led by ImpactAssets, an independent nonprofit originally created by Calvert Impact Capital, which seeks to increase the flow of capital into investments delivering financial, social, and environmental returns. For inclusion in the ImpactAssets 50, a fund manager must:

(1) Have 3+ years of experience as a firm in the impact investing field,

(2) Have at least $25 million in assets under management,

(3) Operate in more than one country, in a country with significant population; and /or in a sizable region of the United States,

(4) Manage assets that are recoverable,

(5) Accept US investment,

(6) Have demonstrated financial capacity/oversight; and

(7) Demonstrate significant commitment to social impact and track clear measures of social and/or environmental impact (GIIRS rating, use IRIS metrics, or other indicators to be determined). In 2020, there were 95 fund managers considered for IA50 and 62% of those are included in the list. In 2019, there were 94 fund managers considered for IA50 and 54% of those are included in the list. In 2017-18, there were 86 fund managers considered for IA50 and 58% of those are included in the list.  No fee was paid to be considered for this recognition.

Preqin

Recognition is not indicative of future performance. The criteria on which the rating was based is as follows:

(1) The top performing funds league table is ranked by net IRR; and

(2) The most consistent top performing fund manager table is based on the average quartile ranking of a manager’s funds.

The entire pool of real estate funds is ranked within each vintage year according to its net IRR. The funds are given a score based on their quartile: 1 for top-quartile funds, 2 for second quartile funds, and so on. This is the fund’s ‘quartile ranking’. A manager’s average quartile ranking is the average of all of the funds’ quartile scores, with a minimum of three funds required in order to appear in the table. The average quartile rankings can vary from 1.00, for a fund manager with only top-quartile funds, to 4.00 for a fund manager with only bottom-quartile funds. Rankings are constructed independently using Preqin’s proprietary database of real estate funds. No fee was paid to be considered for this recognition.

Kairos Investment Management Company was ranked 35th in a universe of 234 private real estate firms (all vintages). The rankings are compiled for funds across all vintage years and only include funds that have called at least 50% of committed capital. The IRR is used as the key determinant of performance.

The recognized fund was ranked 8th in a universe of 974 vintage 2008-2017 private real estate funds. Only funds for which Preqin assigns a quartile ranking are eligible to be featured. Only active fund managers that raised at least three funds of a similar strategy and raised a similar strategy fund since 2010 are considered. To receive a top performers badge the firm/fund must appear in the Preqin Global Report. The report featured 20 top performing funds and 41 top performing managers.

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