# Recent MBA/MPA graduate Gabriel Ng shares his experience with NYU's Impact Investment Fund (NIIF), which made its first investment earlier this year

1 School News August 9, 2019 ![Clear Admit logo](/sites/default/files/styles/246w/public/assets/images/con_030869.jpg?itok=C5_PIeFj)>

Excerpt from [Clear Admit](https://www.clearadmit.com/2019/08/fridays-from-the-frontline-nyu-student-led-impact-investment-fund-completes-first-deal/) -- "This past June, the NYU Impact Investment Fund (NIIF) completed its inaugural investment, subscribing for $30,000 of convertible notes issued by Sapient Industries, an exciting Philly-based start-up that uses a combination of smart hardware and machine learning algorithms to reduce energy waste in commercial real estate. I’m extremely honoured to have played a modest part in this deal, which demonstrates in very real terms the growing realization at graduate schools, and indeed, in society as a whole, that investing can align financial and social returns."

[Read more](https://www.clearadmit.com/2019/08/fridays-from-the-frontline-nyu-student-led-impact-investment-fund-completes-first-deal/)