To meet a growing demand from impact investors, long-time impact fund manager Vox Capital is diversifying beyond venture capital into other asset classes such as fixed income. “Every investment has an impact,” Vox’s Daniel Izzo told ImpactAlpha in a video interview on the sidelines of Foro Latinoamericano de Inversión de Impacto, or FLII. “At this current moment in our history, we should be caring about the impact of every penny that we deploy.”
Vox manages roughly seven impact-focused VC funds, along with a fixed-income fund investing in bonds of Brazilian public companies contributing to Sustainable Development Goals, and a separate credit fund for nature-based solutions, totaling over $250 million in assets under management.
Now, with the partnership of The Nature Conservancy, as impact advisors, and the Moore Foundation, Vox is raising a fund to deploy catalytic capital for blended finance structures that will fund land usage around the Amazon region.
Izzo, with Vox partner Gilberto Ribeiro de Oliveira Filho, this month fired back at São Paulo-based asset manager Spectra Investimentos, which took shots at impact investing in its 2025 investment letter. It has become “increasingly clear that no one and no institution can exempt themselves from the world you are helping to create,” the Vox team wrote in their reply
