New York, 25 September 2023 — SIMA Funds, a prominent SEC-registered investment and advisory firm specializing in impact investing, is proud to announce the addition of David Sullivan to its distinguished Advisory Board. The appointment of David Sullivan, who has over three decades of experience in the financial services industry, strengthens SIMA’s commitment to promoting positive economic, social, and environmental impact through impact investments.

David is a Partner at Shannon Advisors, a boutique placement agent for private equity funds, at present. His position at Shannon Advisors allowed him to expand his knowledge of fundraising and placements for alternative assets. Prior to that, David held senior positions in corporate finance and alternative asset fundraising at Credit Suisse, Deutsche Bank, Merrill Lynch, and Salomon Brothers, among others.

The Managing Partner of SIMA Funds, Michael Rauenhorst remarked that David Sullivan’s appointment to the Board of Directors is a significant achievement.

“His extensive experience and deep knowledge of financial services will be instrumental in guiding our organization as we continue our mission to create market-based investment opportunities with mitigated risk and a strong focus on measurable social impact.”

About SIMA Funds

Social Investment Managers and Advisors (SIMA), an SEC-registered investment and advisory firm, was founded in 2015 by impact investment managers Asad Mahmood and Michael Rauenhorst. With a combined experience of over two decades in impact investing initiatives, SIMA Funds has invested over $2 billion in over 250 social enterprises across 50 countries. Asset Management, Advisory and Philanthropic Services, and Social Business Establishment are the three operational divisions of SIMA. The company’s mission is to promote impact investments in companies with aligned financial, social, and environmental objectives. With a primary focus on solar energy, financial inclusion, and affordable housing in underdeveloped regions, SIMA collaborates with a vast number of investors to establish market-based opportunities with a mitigated risk.

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Vivek S Nair