Impact Investing

Aging is a Mega Trend

Consider the scale of the demographic shift underway: the global population aged 60 and over is projected to surge from 1 billion in 2019 to 1.4 billion by 2030 and a staggering 2.1 billion by 2050. In the United States, a pivotal moment is approaching in 2030, when individuals over 65 will outnumber those under 18 for the first time.

Yet, we remain unprepared for this megatrend’s profound economic, political, and social impacts. Since 2016, Next50 has invested nearly $85 million in nonprofit and governmental organizations that make aging more affordable for older adults. Yet, to truly meet this megatrend moment, we must leverage every tool at our disposal, including the significant power of our endowment.

Next50’s Roadmap for Investing in Aging

Aging is often seen as either a personal responsibility or a public-sector issue. This overlooks the immense potential for both social impact and economic opportunity presented by our rapidly aging world. We are ignoring the untapped potential of capital markets.

That is why Next50 recently announced that it will align its entire endowment with its mission. To do so, we created Next50’s Aging Investment Framework (AIF) – a novel approach to intentionally direct capital towards creating a world that values aging.

AIF is built upon extensive global and U.S. aging policy frameworks, distilling their core insights into four purpose-aligned investment themes: Creating Economic Opportunity; Supporting the Built Environment; Ensuring Health; Expanding Social Inclusion.

Next50’s Aging Investment Framework is designed to be flexible, applicable across diverse portfolios – not just within traditional notions of impact investing – spanning the public and private markets, as well as all asset classes, geographies, markets, and investor types. We created an AIF taxonomy, or classification system, to help define and categorize investments based on their levels of impact: Age-Responsive, Age-Integrated or Age-Centered.

Invest in Aging Alongside Next50

We can’t act alone in creating a world that values aging. As we align the entirety of our endowment with our mission, join us in building an aging investment movement. We must harness the power and scope of the global capital markets to work alongside governments, civil society, philanthropy, and all of us who are aging. We seek to partner with banks, foundations, government sources, and mission-aligned intermediaries to create a world that values aging.

Based on our Aging Investment Framework, we partnered with Sorenson Impact Institute to develop an Aging Investing Roadmap. This roadmap is designed to help investors navigate this evolving landscape. It provides a practical approach for integrating aging considerations into investment decision-making and aligning capital with long-term demographic realities. We hope you’ll join us in this journey.

Program Related Investments

Next50 provides impact-first investments for mission-aligned projects that make aging more affordable. Next50 Program Related Investments (PRI) provide accessible capital that may not be available through traditional channels.

Types of PRI’s Next50 will consider:

• Loans (Term Loans, Lines of Credit, Recoverable Grants)
• Loan Guarantees
• Social Impact Bonds (Pay for Success)
• Real Estate or Asset-Based Investments

Types of organizations Next50 will consider for a PRI:

• Non-profit
• For profit (for projects where the purpose is primarily charitable, rather than revenue)
• Hybrid organizations
• Universities
• Government or quasi-government

Next50 considers PRI opportunities that are aligned with its three priority areas on a case-by-case basis. To learn more about your eligibility, please contact our team by scheduling a meeting by completing the form below.