Adasina Social Capital: Company Profile
Background
Overview
Adasina Social Capital is an investment and financial activism firm headquartered in San Francisco, California. Established in 2018 as a social justice investing strategy within Robasciotti & Philipson, it became an independent entity in 2020. The firm serves as a bridge between financial markets and social justice movements, focusing on racial, gender, economic, and climate justice. Adasina is majority-owned and operated by women, people of color, and members of the LGBTQ+ community.
Mission and Vision
Adasina's mission is to transform public markets into a powerful force for social justice by creating investment products that align with social justice values. The firm envisions a future where financial markets actively contribute to advancing racial, gender, economic, and climate justice.
Primary Area of Focus
The firm's primary focus is on integrating social justice principles into investment strategies, ensuring that portfolios reflect the needs and values of communities most impacted by systemic injustices. This includes addressing issues related to racial, gender, economic, and climate justice.
Industry Significance
Adasina is recognized as a leader in the impact investing sector, pioneering the integration of social justice criteria into investment portfolios. Its approach has influenced industry standards and inspired other firms to consider social justice in their investment decisions.
Key Strategic Focus
Core Objectives
- Aligning Investments with Social Justice Values: Developing investment products that reflect the social justice values of investors.
- Educating and Mobilizing Investors: Providing resources and campaigns to educate investors on social justice issues and mobilize them to influence corporate and market practices.
- Partnering with Social Justice Organizations: Collaborating with organizations to define investment criteria and ensure alignment with community needs.
Specific Areas of Specialization
- Racial Justice: Addressing systemic racial inequities in the financial markets.
- Gender Justice: Promoting equality and inclusion for women, LGBTQ+, and gender-expansive individuals.
- Economic Justice: Advocating for fair economic practices and policies.
- Climate Justice: Ensuring environmental sustainability and addressing climate change impacts.
Key Technologies Utilized
Adasina employs proprietary technologies, including the Adasina Social Justice Investment Criteria—a data-driven set of 40+ screens and 80+ metrics developed in partnership with social justice organizations. This framework guides investment strategies to reflect social justice values and advance progressive movements for change.
Primary Markets or Conditions Targeted
The firm targets public markets, focusing on companies whose practices impact racial, gender, economic, and climate justice. By influencing these companies, Adasina aims to drive systemic change and promote social justice.
Financials and Funding
Funding History
As of September 2023, Adasina Social Capital manages approximately $209.5 million in assets across 60 clients.
Recent Funding Rounds
Specific details about recent funding rounds are not publicly disclosed.
Notable Investors
Adasina's investors include individuals and institutions committed to social justice and impact investing. The firm maintains a diverse investor base aligned with its mission.
Intended Utilization of Capital
Capital raised is utilized to develop and manage investment products, support educational initiatives, and fund campaigns that advance social justice objectives.
Pipeline Development
Key Pipeline Candidates
Adasina's investment pipeline includes companies that align with its Social Justice Investment Criteria, focusing on those making positive contributions to racial, gender, economic, and climate justice.
Stages of Clinical Trials or Product Development
As a financial services firm, Adasina does not engage in clinical trials or product development in the traditional sense. Instead, it develops investment products and strategies that align with social justice values.
Target Conditions
The firm targets systemic issues related to racial, gender, economic, and climate injustices.
Relevant Timelines for Anticipated Milestones
Adasina regularly releases impact reports detailing progress and milestones achieved in its social justice initiatives. The most recent report, the 2024 Impact Report, highlights achievements in advancing social justice through financial markets.
Technological Platform and Innovation
Proprietary Technologies
- Adasina Social Justice Investment Criteria: A comprehensive framework of 40+ screens and 80+ metrics developed in collaboration with social justice organizations to guide investment decisions.
Significant Scientific Methods
- Data Aggregation and Analysis: Utilizing data from leading social justice organizations to assess the impact of publicly traded companies on various social justice issues.
AI-Driven Capabilities
While specific AI-driven capabilities are not detailed, Adasina employs advanced data analysis techniques to evaluate and select investments aligned with social justice values.
Leadership Team
Key Executive Profiles
- Rachel J. Robasciotti – Founder & Co-CEO
Rachel is a Black, queer woman with a background in economics from the University of California, Berkeley. She founded Adasina Social Capital to integrate social justice into investment portfolios. Rachel has been featured in media outlets such as The New York Times, Bloomberg, and CNBC.
- Maya Philipson – Co-Founder & Chief Operations Officer
Maya holds a degree in Cultural Studies/Critical Theory.
