The Mosaic Fellowship, run by Impact Capital Managers (ICM), places graduate students as Summer Associates at impact investing funds that belong to the ICM network. The 2027 placements run from June to August 2027. Candidate applications close on 15 November 2026, and the program page does not state a time zone. ICM describes the fellowship as its flagship talent and leadership development program, and says it has placed 130 graduate students at member Host Funds since 2019.
Mosaic Fellowship 2027 at a glance
| Application deadline | 15 November 2026 (time zone not stated) |
| Who can apply | High-performing graduate students, as the program page states |
| Placement | Summer Associate at an ICM member Host Fund, June to August 2027 |
| Support | In-person orientation in New York City, impact investing curriculum, mentor matching, regular calls, alumni network |
| Pay | Not stated on the program page |
| Cost | No application fee mentioned |
| Apply at | Application form |
Who can apply?
The program page names one eligibility criterion: high-performing graduate students. It does not list a field of study, a country or a nationality, so check the details on the ICM page and in the application form before you start. Placements are at funds in the ICM member network, and the page does not say where each Host Fund is based.
For readers who invest in or fund impact work, the fellowship is also a route to bring a graduate student into the analysis side of a fund. ICM members act as Host Funds, and the page describes the work as due diligence, landscape analysis, financial modeling and deal sourcing.
What do fellows get?
- A summer placement as an Associate at an impact investing fund, with work across due diligence, financial modeling, deal sourcing, portfolio company support and impact management, and marketing and fundraising.
- An intensive in-person orientation in New York City and an impact investing curriculum.
- Mentor matching and regular calls during the placement.
- Networking with the ICM network and Mosaic alumni, plus alumni career support.
The page does not state a stipend or any other pay, so ask ICM before you plan around it.
How to apply
- Read the ICM Mosaic Fellowship page, including the timeline and requirements.
- Complete the application form by 15 November 2026.
- If you advance, expect interviews between January and March 2027. ICM lists the cohort as confirmed in March 2027.
ICM lists information sessions on 22 October and 6 November 2026. The 6 November session is on Luma.
Advice from the Impact DOTS team
- Match your experience to the listed tasks: due diligence, modeling, sourcing and impact management. Show one concrete example for each you can support.
- Be ready to explain how you would judge a fund’s impact claims, since the work includes impact management.
- Ask ICM about pay and about where Host Funds are located before you accept an interview slot, because the page states neither.
- Do not wait for the last day. The deadline is 15 November 2026 and the page gives no time zone.
FAQ
Is there a fee to apply?
The program page mentions no application fee.
Is the fellowship paid?
The page does not state a stipend or salary. Confirm it with ICM.
When does the placement take place?
From June to August 2027, after interviews between January and March 2027.
Do I have to attend orientation in person?
The page describes the orientation as intensive and in person in New York City. Check the requirements with ICM if travel is a concern.
Sources
Impact Capital Managers: Mosaic Fellowship
