Impact Capital Managers Announces 2026 Mosaic Fellows, Supporting the Next Generation of Impact Investors
Industry's flagship summer immersion program for graduate students places a new cohort at leading impact funds
New York, NY - May 28, 2026 — Impact Capital Managers (ICM), the leading association of private capital fund managers investing for superior returns and meaningful impact, and the ICM Institute are proud to announce the 2026 cohort of the Mosaic Fellowship, its flagship talent and leadership development initiative that launches careers in impact investing and cultivates a skilled, diverse future workforce.
Since its launch in 2019, the Mosaic Fellowship has helped place 116 high-performing graduate students as summer associates at ICM member host funds. With 70% of graduates going on to full-time roles at ICM member funds or other leading impact investing institutions, including 41% at ICM funds directly and 29% elsewhere in the field, the program has become a remarkable launchpad for careers in impact investing.
These placement rates reflect Mosaic's instrumental role in building a high-caliber talent pipeline of future impact investors. ICM funds and other leading firms that have hired Mosaic alumni include Citi Impact Fund, Ecosystem Integrity Fund, Impact America Fund, Lime Rock New Energy, and Rebalance Capital. This summer, 14 Fellows will join that growing alumni community.
To kick off the Fellowship, ICM will convene the cohort for an intensive two-day orientation on June 3–4 at Morgan Lewis' office in New York City. The orientation will feature over 20 industry leaders from ICM member funds, academic partners, alumni, and other field-building organizations, including Lila Preston of Generation Investment Management, David Su of Apax Global Impact, Adrianna Samaniego of Cherryrock Capital, Max Jawer of Jonathan Rose Companies, Josh Cohen of City Light Capital, Cathy Clark of Duke Fuqua, and Fran Seegull of the U.S. Impact Investing Alliance. Sessions will span topics including financial analysis skills, impact measurement and management, deal sourcing, and the current policy landscape.
Fellows will also participate in a field visit to a portfolio company of Closed Loop Partners. The orientation concludes with a reception welcoming Fellows into the broader ICM community. Each Fellow is also paired with a mentor from ICM's member network to provide guidance, support, and career connections throughout the Fellowship and beyond.
"What sets the Fellowship apart is the strength of the network, the support of the ICM team, and the skills Fellows develop through 10 weeks of immersion at their host funds. Alongside our partners and members, ICM is building a talent pipeline for impact investing that other industries take for granted. Some of this year's fellows first found their way to Mosaic through the Turner MIINT program, underscoring the importance of this industry infrastructure," said Marieke Spence, Executive Director at Impact Capital Managers.
Over ten weeks, Fellows gain hands-on experience in impact investing, including sourcing, diligence, portfolio company support, and other core aspects of the field. Each Fellow is also paired with a mentor from ICM's member network to provide guidance, support, and career connections throughout the Fellowship and beyond.
"We're proud to host a Mosaic Fellow again this summer and support the next generation of impact investors. The Fellowship has been an important pipeline for our firm as we've grown, and we look forward to seeing our Fellow contribute to meaningful work and be part of our continued growth," said Todd Leverette, Founder and Managing Partner at Apis & Heritage Capital Partners and ICM Association Board Member.
The Mosaic Fellowship is one of two talent programs organized by the ICM Institute, which oversees the organization's grant-funded charitable and educational programming. The other is the Turner MIINT program, a year-long, hands-on training program in impact investing for graduate students. This year, ICM co-produced the Turner MIINT competition for the first time in partnership with the Impact, Value, and Sustainable Business Initiative at the Wharton School (Wharton Impact). Together, the two programs form ICM's core pipeline for identifying and developing the next generation of impact investing leaders, connecting top graduate talent to the field through both experiential learning and real-world fund experience.
"The Mosaic Fellowship provided a great way to break into impact investing, but it was much more than that. Through the fellowship, I learned a tremendous amount, participated in all aspects of the investment process, met incredible peers from other schools who are also interested in impact, connected with practitioners in the field, and further cemented my passion for the space. My advice to the incoming class would be to get to know the other fellows! They were an incredible source of support for me throughout the summer,” said Alexa Huether, former Mosaic Fellow and 2026 MA/MBA Graduate.
The 2026 Mosaic Fellows and host funds are:
Adam Vieira, Impact America Fund (Yale School of Management)
Dale Eddy, Spring Lane Capital (Fuqua School of Business, Duke University)
Grace Memmo, Clean Energy Ventures (UCLA Anderson School of Management)
Jada Green, SHIFT Capital (NYU Stern School of Business)
Jasmine Ali, Generation Investment Management (Harvard Business School & Harvard Kennedy School)
Kayla Spigelman, Blackhorn Ventures (MIT Sloan School of Management)
Kendyll Hicks, Apis & Heritage Capital Partners (Columbia Business School & Columbia School of International and Public Affairs)
Kevin Truong, Cherryrock Capital (Harvard Business School)
Lucy McEwan, Congruent Ventures (Harvard Business School)
Oliver Karl Hasler, S2G Investments (Tuck School of Business, Dartmouth)
Peter Makey, Closed Loop Partners (Columbia University)
Richard Fordwor, HCAP Partners (MIT Sloan School of Management)
Teresa Gómez Segura, Second Horizon Capital (Columbia Business School)
Trish Razunguzwa, Closed Loop Partners (Wharton School, University of Pennsylvania)
To learn more about this year’s 2026 ICM Mosaic Fellow cohort, please follow this link.
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About Impact Capital Managers Institute:
The ICM Institute is the field-building, research, and education arm of Impact Capital Managers (ICM), a selective network of private capital fund managers investing for superior returns and meaningful impact across venture capital, private equity, credit, and real estate. The Institute is the proud organizer of the Mosaic Fellowship, a competitive program placing top-performing graduate students at ICM member funds each summer, and a co-producer of the Turner MIINT program alongside the Impact, Value, and Sustainable Business Initiative at the Wharton School (Wharton Impact). In partnership with leading impact investors in the industry, the Institute also publishes research and actionable insights, including Impact Allocator Perspectives 2025: Opportunities and Risks in Evolving Private Markets, New Frontiers in Value Creation, and Strengthening Outcomes: Impact and Financial Value at Exit. Alongside Achieve Partners, ICM Institute co-produces the Better Money, Better World podcast. For more information, visit impactcapitalmanagers.com.
Press Contact: Garrett Jaso, Director, Communications & Policy, gjaso@impactcapitalmanagers.com.