V O L . X X V I I N O. X X V I
N OV E M B E R 2 9 , 2 0 2 1 22
B A N K I N G / F I N A N C E / I N S U R A N C E
W
hen Arctaris Impact Fund
LP bought Saddleback
Mountain in 2020, the
Boston-based investment firm had a
vision not only to upgrade and reopen
the Rangeley ski resort, but to do so
in a way that helps solve for the com-
munity and economic development
challenges in the region.
"We look for projects where we can
make a significant difference for under-
served communities and individuals,"
says Jonathan Tower, Arctaris's co-
founder and managing director. "We
look at these projects with a 'but-for'
lens, which means — but for this type
of capital, this project would not come
to fruition."
Aligning with values
at "but for" idea is part of a grow-
ing trend among investors who are
looking to do good while earning a
financial return.
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P H O T O / C O U R T E S Y O F M A I N E M O U N TA I N M E D I A
Jonathan Tower, Arctaris Impact Fund LP
co-founder and managing director, says
bringing a business lens to community
challenges creates efficiencies.
F O C U S
WELL
GOOD
Doing
by doing
B y L a u r i e S c h r e i b e r
Investors seeking a
beneficial impact while
also earning returns
