Caprock, a Boise, Idaho-based multi-family office RIA serving ultra-high-net-worth clients, and BlueMark, a New York-based independent provider of impact verification and intelligence for the impact and sustainable investing markets, recently announced an agreement to transition the Caprock Impact Reporting (CIR) platform to BlueMark.
The transition will enable BlueMark to accelerate the development of its impact market intelligence platform, which provides investors with solutions to manage and report on the impact of their portfolios. In the hands of BlueMark, Caprock’s CIR technology will eventually be introduced to the larger impact investing sector.
“We originally built CIR to help our clients better understand and track impact outcomes across their portfolio,” Mark Gustafson, Managing Director at Caprock, said in a press release. “We always envisioned this tool being used by other market participants to create a standard framework for impact reporting and help alleviate the reporting burden of our managers. Given BlueMark’s leadership role and experience delivering impact benchmarks and insights, we are excited to see our original vision come to life under their guidance.”
Caprock will continue to use CIR as well as BlueMark’s benchmarks and insights.
BlueMark provides investors with data and insights from its verification engagements to help them benchmark and manage their impact. The company aims to elevate the quality of impact analytics for investors while setting new standards for transparency and accountability by combining its assessment frameworks with technology to enhance data collection and reporting.
“Through our work and conversations with diverse allocators and fund managers, we see growing demand and a vital need for tools that can promote more efficiency and consistency in data collection, analysis and reporting related to impact performance,” Christina Leijonhufvud, CEO of BlueMark, said. “CIR will provide us with the ability to offer investors the tools they need, in tandem with our benchmarks and insights, for improved impact monitoring and reporting—advancing our vision of making every investment accountable to impact.”
