Strategic Impact Fund

Unlocking business as a force for good

What we do

Championed by Nicola Forrest, Minderoo Foundation has made an initial allocation of $100m to the Strategic Impact Fund to support businesses that scale and accelerate the impact goals of the Foundation.

Impact investing is a growing field in Australia and globally that helps to finance solutions to social and environmental challenges.  Distinct from Environmental, Social and Governance (ESG) investing, impact investing actively seeks positive impact, providing a much higher bar than the negative screen applied in many ESG funds.

What we fund

The $100 million fund invests in for-purpose businesses or projects that:

  • generate a sustainable return and measurable impact aligned with Minderoo’s initiatives;
  • are innovative and scalable; and
  • are led by a strong management team.

The Strategic Impact Fund also works in partnership with leading global fund managers where there is strong alignment with the goals of the Foundation.

Contact Us

For enquiries related to the Strategic Impact Fund, email

Why we act

We believe in actively seeking positive impacts from investment. All businesses need to be accountable to their customers, employees, investors, and communities. There is a groundswell of discontent, particularly amongst young people, at businesses failing to account for their impact on people and planet. The Strategic Impact Fund is backing businesses that are building sustainable models for tackling long-standing social and environmental challenges.

Our objectives

Our goal is to empower businesses to become a force for good and take on tough, persistent issues with the potential for massive change. The Fund makes investments aligned to Minderoo Foundation goals and has already invested in organisations that seek solutions to modern slavery, ethical supply chains, plastics pollution and sustainable fishing. The Strategic Impact Fund is led by women and will also invest in businesses that directly address inequality and promote gender diversity.


Fair Supply Analytics

Fair Supply Analytics received investment earlier this year to grow its innovative ESG software to equip investors and corporates with information and tools to tackle modern slavery in their portfolios and supply chains. The company was co-founded by a human rights expert and industrial mathematician who have developed a unique, data driven approach to identifying modern slavery risk deep in companies supply chains. Since the initial investment from the Strategic Impact Fund, Fair Supply Analytics has been able to add a new product offering analysing carbon footprints along the supply chain, with analytical rigour measuring Scope 1, Scope 2 and Scope 3 emissions.


Canadian based Ulula is a worker voice platform that empowers anonymous, real-time communications within supply chains to reduce and address risk. Its goal is to build transparent and resilient supply chains.

Ocean 14 Capital

The Ocean 14 Capital Fund targets investments in growth-stage technologies and companies promoting sustainable fishing, aquaculture and alternative proteins as well as ocean conservation and health including marine flora and plastic waste solutions.

Foyer Central Social Impact Bond

Foyer Central is an integrated learning and accommodation centre that will support young people who have been in out-of-home care on the path to independence. The program will build their capacity to access resources and opportunities, connect with education, training and employment, and make positive decisions. The investment, managed by Social Ventures Australia and delivered by Uniting in partnership with SGCH, will work with approximately 270 young people (aged 18-22 years).

Working Capital Fund

U.S. based Working Capital Fund is a specialist fund manager that invests in scalable innovations to meet the growing corporate demand for more transparent and ethical supply chains.  Working Capital investors include global brands such as Walmart and Disney which provides them with actionable insights on how emerging technologies can be applied in complex supply chains.

Circulate Capital

Singapore based Circulate Capital is an investment management firm dedicated to the development of a circular economy to combat plastic pollution through investments in high growth opportunities at the nexus of climate-tech and plastics recycling infrastructure.