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MySocialGoodNews is dedicated to sharing news about
social entrepreneurship, impact investing, philanthropy
and corporate social responsibility.

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Devin D. Thorpe

ii

Impact Investing

This category includes articles about people, firms and foundations that invest in social good by investing in social entrepreneurs, social impact or pay-for-success bonds, etc.

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IIX works with ATEC Biodigesters to raise Series-A investment, bringing Australian and French investors together into the Impact Investment market in Asia

Press Release – August 18th, 2017 — ATEC Biodigesters (ATEC), an Australian-Cambodian Social Enterprise has raised US$700,000 in a Series-A equity round to expand its operations in Cambodia as well as to explore other international opportunities in the household waste-to-energy market. The investment was made by a consortium of investors, led by Small Giants (Australia) and consisting of Fondation Ensemble (France), ENGIE Rassembleurs d’Energies (France) and one other private Australian investor. The investment round has then been matched with a further €250,000 in results-based-financing by EEP Mekong, a Government of Finland initiative.

“Clean energy solutions that utilise natural systems principles to unlock the inherent energy in our waste streams have the potential to transform the way we power homes across the world”, says Dan Fitzgerald, Chief Investment Officer for Small Giants, an Australian family office devoted to investing 100% of their resources for impact. “The world needs innovative, replicable technologies in the clean energy sector, and we believe ATEC is at the leading edge both in Cambodia and internationally.”

ATEC’s unique household biodigester technology was founded and developed through a partnership of two Australian non-profits working in Cambodia, Engineers Without Borders Australia and Live and Learn Environmental Education, for specific application in seasonally-flooded countries such as Cambodia, Myanmar and Indonesia. By installing a biodigester system, families in rural Cambodia utilize gas as a source of reliable and free energy, replacing traditional wood-burning cook stoves with a cleaner, healthier, and eco-friendly alternative. The system also produces a high-quality organic fertilizer that increases crop yield and can also be used as a substitute for chemical fertilizer. Combining these benefits, an average rural Cambodian family can save $260 per year, a short video on ATEC’s technology can be seen here.

“Three years ago we pitched our concept to our seed funders Google & SNV, who were willing to take a risk with us to see if we could make this technology viable,” says Ben Jeffreys, CEO of ATEC, “to now have the technology validated with over 250 units in the ground and this fantastic investor group on-board, it’s an amazing step forward in bringing this high-impact technology to those who needs it most”.

ATEC raised investment with support from Impact Investment Exchange (IIX) through the award-winning ACTS (Acceleration for Capacity-building and Technical Services) program sponsored by USAID. The program supports Impact Enterprises from across the region with technical assistance and an impact assessment, along with support throughout the capital raise process.

“ATEC Biodigesters is an innovative company with the potential to create immense impact through the dissemination of its technology. IIX was honored to support ATEC through the IIX ACTS program and we are incredibly excited to see investors come together from Australia and France,” said Robert Kraybill, Managing Director at IIX.

About IIX: IIX is a Singapore-based impact enterprise that bridges the gap between finance and development, carving out a third space for social and environmental solutions by unlocking investment capital. As a pioneer of impact investing, IIX builds pathways to connect the Wall Streets of the world with the backstreets of underserved communities. IIX platforms and innovative financial products enable impact enterprises to accelerate their business and scale their positive impact, while pushing the impact investing space from the margins to the mainstream. IIX operates Impact Partners, a private platform that connects Impact Investors with a select group of pre-screened Impact Enterprises seeking investment capital. To date, the work of IIX has spanned 20 countries and continues to expand with the mission of unlocking US$1billion of impact investment capital, impacting 100 million lives by 2025.

About ATEC: ATEC* Biodigesters is a new social enterprise that produces, sells and distributes a custom-manufactured 3.25m3 biodigester design manufactured in Phnom Penh. The ATEC Biodigester is a rotor-moulded unit designed for the challenging environments of rural farmers. To date over 300 units have been sold within Cambodia within Cambodia, providing renewable gas for cooking, 20 tons of organic fertilizer per year, and saving the average rural family US$5,850 over the product lifetime.


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Impact Community Capital Names Michael Lohmeier As Chief Investment Officer; Matthew Berg As Senior Vice President & Counsel

New Appointments to Senior Management Team Will Support Company’s Expansive Five-Year Impact Investing Growth Strategy

Press Release – San Francisco, CA (August 16, 2017) – Impact Community Capital (ICC) announced today the appointment of two new additions to its senior management team: Michael Lohmeier, Chief Investment Officer and Matthew Berg, Senior Vice President & Counsel. Both Lohmeier and Berg will report to President and CEO Jeff Brenner, and will be key players in bolstering ICC’s expansive five-year impact investing growth strategy.

Established in 1998, ICC has provided nearly $1.5 billion in financing directed to benefit low-income families and communities. Projects include affordable multifamily housing, community healthcare facilities, childcare centers and other community facilities serving families and communities in 38 states plus the District of Columbia. ICC was founded by a consortium of insurance companies to facilitate investments in projects that specifically benefit low-income families and communities.

“I am excited to have two high-quality professionals with the investing expertise and commitment to impact investing that we have found in Mike and Matt,” said Brenner. “ICC is implementing a five-year strategic plan to deliver quality investments in scale to institutional investors seeking to add impact to their investment portfolios and we are excited to add Mike and Matt to the management team that will drive our success.”

Lohmeier has built an impressive track record in the impact investing space during his 20-year career. As Managing Director for Wespath Benefits and Investments, Lohmeier oversaw all aspects of the organization’s $21 billion investment portfolio of public equity, fixed income, real estate and positive social purpose (PSP) investments. He was instrumental in growing the PSP program, which was developed to promote affordable housing and community development for disadvantaged communities while delivering competitive returns, to over $2 billion during his tenure. Lohmeier will be responsible for developing and executing ICC’s investment strategy, including managing existing investor relationships, developing new investors and structuring new investment funds.

Berg brings to ICC a wealth of experience in finance and commercial real estate. As an Associate at Dechert LLP, Berg advised investment banks, hedge funds, private equity funds and insurance companies on nationwide commercial real estate acquisition and dispositions. ICC has been a leading innovator in securitizing affordable housing mortgages, and Berg’s experience at Dechert advising CMBS securitizations significantly expands ICC’s ability to deliver capital in scale to address the critical need for affordable housing and community investment in our country.

About Impact Community Capital LLC

The first word and last name in impact investing, Impact Community Capital LLC is a pioneer in the impact investing space. ICC is reshaping and refining investment opportunities for investors seeking to add impact to their portfolios. ICC was founded by leading insurers to promote socially responsible investments in underserved communities, making it an early leader in making investments that facilitate social change long before “Impact Investing” began its move to the mainstream. ICC pioneered pooling and securitization of community investment portfolios to direct large amounts of capital for affordable housing and used federal New Markets Tax Credits to invest in community childcare and healthcare facilities. It is owned by the following insurance companies: Allstate Insurance Company, Farmers Insurance Exchange, Nationwide Mutual Insurance Company, Pacific Life Insurance Company, State Farm Mutual Automobile Insurance Company, Teachers Insurance and Annuity Association of America, and 21st Century Insurance Company. For more information, call (415) 981-1074, or visit www.impactcapital.net.


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IIX’s Women’s Livelihood Bond Officially Listed on the Singapore Exchange

Press Release – SINGAPORE, — August 16th, 2017 — The Women’s Livelihood Bond (WLB), structured by Impact Investment Exchange (IIX), has become listed and quoted on the Bonds Market of the Singapore Exchange (SGX) as of 9:00am today, making it the first listed bond in the impact investing space with a dual focus on financial returns and social impact. The US$8 million debt security will impact over 385,000 women in Cambodia, Vietnam, and the Philippines through enhanced access to credit, market linkages, and affordable goods and services that will build women’s resilience to socio-economic shocks and stresses.

The listing of the WLB ensures transparency and accountability for the bond’s investors who will receive rigorous disclosure of both financial performance and social impact, while also creating the potential for secondary liquidity in the impact investment market.

Ore Huiying | Bloomberg | Getty Images

“Since the WLB has been announced, we have witnessed a sharp growth of interest from global investors for financial structures like the WLB which has greatly strengthened our confidence that impact investing is the future of financial markets. Now, with the listing of the WLB, we have achieved the holy grail of potential liquidity in the impact investing market.” said IIX Founder, Durreen Shahnaz.

The four-year bond offers a coupon rate of 5.65% and includes a number of credit protection features, including $500,000 of first-loss capital provided by IIX as well as a 50% guarantee of the principal amount of the underlying loan portfolio, provided by USAID. Over 60% of the WLB’s investment capital was provided by Asian investors, mostly private banking clients. The WLB is the first in a series of IIX Social Sustainability Bonds™ which IIX plans to structure and list over the coming years.

About IIX Social Sustainability Bonds™

IIX Social Sustainability Bonds™ are uniquely structured fixed-income financial instruments which pool together a group of high-impact enterprises and issues a collective bond. These bonds differ from traditional Social Impact Bonds as they mobilize private sector capital to generate positive social impact worldwide, offer financial returns independent of social outcomes, and are able to be listed on both social and traditional stock exchanges.

About IIX

IIX is a Singapore-based impact enterprise that bridges the gap between finance and development, carving out a third space for social and environmental solutions by unlocking investment capital. As a pioneer of impact investing, IIX builds pathways to connect the Wall Streets of the world with the backstreets of underserved communities. IIX platforms and innovative financial products enable impact enterprises to accelerate their business and scale their positive impact, while pushing the impact investing space from the margins to the mainstream. To date, the work of IIX has spanned 20 countries and continues to expand with the mission of unlocking US$1billion of impact investment capital, impacting 100 million lives by 2025.


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Sunwealth™ Announces First Closing of Solar Impact Fund

Fund offers modern investing approach with quantifiable environmental and social impact

Press Release – (Boston, MA) August 15, 2017Sunwealth, an innovative clean energy investment firm bringing commercial solar to scale, today announced the first tranche closing of its Solar Impact Fund. The Fund offers investors two compelling ways to invest – via tax equity or a bond offering – in the vastly untapped commercial solar asset class.

Sunwealth seeks to create wider-reaching social and environmental impact – without sacrificing financial return – by combining commercial solar projects for credit-worthy businesses, municipalities, and non-profit organizations into a single investment vehicle.

The first tranche is comprised of six projects providing renewable solar energy to fire departments, schools, and businesses in New York and New England, including Sika Sarnafil’s U.S. headquarters in Canton, Massachusetts and the Montessori School of Northampton, Massachusetts. All six projects were recently placed in service, and to date the Solar Impact Fund has exceeded performance expectations.

The second tranche, with a bond offering of $1.5M and tax equity offering of $1M, will include nine additional projects to build on the Solar Impact Fund’s initial success.

“Commercial solar is built on proven technology, high technical potential, and is a driving force in the decentralization, de-carbonization, and democratization of our energy grid,” said Jonathan Abe, Chief Executive Officer at Sunwealth. “The Solar Impact Fund provides investors with a simple, transparent, and predictable investment. They know which projects they are funding and can track the measurable impact they are delivering.”

The Fund’s first two tranches will produce more than 1,691 metric tons of carbon offsets per annum, over $2,115,000 in energy savings for power purchasers, and generate more than 50 job years for sophisticated positions among locally-based solar firms.

Sunwealth invests alongside its investors by owning and operating each project within the Solar Impact Fund. The firm’s technology-driven insight paired with a proprietary underwriting process identifies high-performing projects that can generate meaningful financial returns. The standardized and pooled-project approach dramatically reduces transaction costs and gives investors access to a diverse set of projects that combat climate change and strengthen communities through job creation and access to clean energy.

To learn more about Sunwealth, the Solar Impact Fund, and investing in the future of energy, please visit www.sunwealth.com.

About Sunwealth

Sunwealth Power LLC is a pioneering clean energy firm aiming to unleash the power of commercial solar by delivering meaningful returns and tangible impact to its growing community of investors. Sunwealth’s proprietary methodology identifies high-performing, high-impact projects, and its Solar Impact Fund allows for rapid scaling of commercial solar investment, giving investors the unique opportunity to invest directly into a diversified pool of solar assets – generating returns and clean energy faster. Visit www.sunwealth.com.

Under no circumstances is the information contained herein to be considered an offer to sell or as a solicitation of an offer to buy any financial product. Investments are offered only via definitive transaction documents and any potential investor should read such documents carefully, including all the risk factors relating to the investment, before investing.


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Morgan Stanley Survey Finds Interest in Sustainable Investing Stronger than Ever

Investor Survey shows awareness and interest in sustainable investing continuing to climb steadily – 75% of individual investors & 86% of Millennials are interested in sustainable investing 1

Press Release – NEW YORK, August 09, 2017 – Three-quarters of active individual investors and 86% of Millennial active individual investors describe themselves as interested in sustainable investing, according to a new survey published today by the Morgan Stanley Institute for Sustainable Investing. The second edition of the investor survey, Sustainable Signals, examines the attitudes, perceptions and behaviors of individual investors towards sustainable investing and considers the broader implications for investors, corporations and governments. Following the last Sustainable Signals report released in 2015, the new findings show interest in sustainable investing continuing to increase with investors’ growing belief that their investments can make a positive social or environmental impact.

“As widespread attention to sustainability continues to increase, consumers and investors alike are now more than ever factoring sustainability issues into their investment decisions,” said Audrey Choi, Chief Sustainability Officer and Chief Marketing Officer at Morgan Stanley. “The Morgan Stanley Institute for Sustainable Investing works to drive scalable investment solutions that seek to deliver positive social or environmental impact alongside the market-rate returns that clients expect.”

Results from the survey identify sustainable investing trends reflecting the surging growth in the broader sustainability space. Related findings include:

  • Values Matter. Consciousness around sustainability has leapt from the consumer space to the investment space. According to the latest survey, investor attention to sustainability factors is now growing faster than that of consumers as a whole.
  • Environmental impact. Increased interest in sustainable investing occurred despite a heightened sense of market volatility, implying perhaps that in uncertain times, companies and funds with sustainable attributes may be viewed as more stable over the long run. Seventy-one percent of investors polled agreed that good social, environmental, and governance practices can potentially lead to higher profitability and may be better long-term investments.
  • Focus on Customization. The poll showed a strong desire for the ability to customize sustainable investments. Eighty percent of individual investors, and 89% percent of Millennials, are interested in sustainable investments that can be customized to meet their interests and goals.
  • Sustainable Investing in the Workplace. With Millennials projected to make up 75% of the American workforce by 2025, it’s interesting to note that nine out of ten Millennial investors (90%) expressed interest in pursuing sustainable investments as part of their 401(k) portfolios. This implies that offering sustainable investment funds as 401(k) options may be an additional way for companies to attract and retain Millennial talent in competitive job markets.

Millennials continue to fuel growth. Nearly nine in ten Millennials surveyed (86%) are interested in sustainable investing, compared with three-quarters of individual investors overall (75%). This heightened interest is likely tied to Millennials’ strong belief that they can make a positive difference with their own investments. Related findings from the survey include:

  • Influence. 75% agree that it is possible for “my investment decisions to influence the amount of climate change caused by human activities,” compared with 58% of the total individual investor population.
  • Impact. 84% agree that it is possible for “my investment decisions to create economic growth that lifts people out of poverty,” compared with 79% of the total individual investor population surveyed.

For more information, please see Sustainable Signals: New Data from the Individual Investor.

The Morgan Stanley Institute for Sustainable Investing

The Morgan Stanley Institute for Sustainable Investing builds scalable finance solutions that seek to deliver competitive financial returns while driving positive environmental and social impact. The Institute creates innovative financial products, thoughtful insights and capacity building programs that help maximize capital to create a more sustainable future. For more information about the Morgan Stanley Institute for Sustainable Investing, visit www.morganstanley.com/sustainableinvesting.

Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

1 Poll commissioned by Morgan Stanley but independently conducted by Brunswick Insight, February 17-22, 2017,


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Impact Investment Fund Marks First Close of $10 million for Sustainable Coastal Fisheries

The Meloy Fund I, LP to fill critical gap in financing the transition of threatened coastal fisheries to sustainability

Press Release – ARLINGTON, VA, August 4, 2017 – The Meloy Fund I, LP (the “Fund”), a first-of-its-kind impact investment fund dedicated to helping coastal fishers transition to more sustainable practices, today announced its launch with a first close of US $10 million.

The Fund targets US$20 million of debt and equity investment in support of the millions of small-scale fishers in Indonesia and the Philippines, who rely upon healthy coastal fisheries and marine ecosystems for their livelihoods. The ten-year Fund counts among its investors a diverse range of family offices, investment managers, and foundations. Rare, a global conservation organization, is the Managing Member of the General Partner.

Lukas Walton, who will have a significant interest in the Meloy Fund via the Lukas Walton Fund of the Walton Family Foundation, said “I’m thrilled to invest in the Meloy Fund, and support its innovative model for deploying investment capital to the critical problems that coastal fisheries face in moving towards sustainability.”

This first close was accelerated to respond to robust interest from investors and a pressing pipeline of investment opportunities. A second and final close, including US$6 million anticipated from the Global Environmental Facility (GEF) as anchor investor, is projected for fall, 2017.

The Meloy Fund deploys private capital to enterprises that can create value for fishing communities by improving upstream margins through supply chain efficiencies, waste-reduction, aggregation, and value-added processing, or providing fishing-related employment alternatives, such as ocean-based sustainable aquaculture.

Dale Galvin, Managing Director of Rare’s Sustainable Markets group and Manager of the General Partner said, “The innovation of the Meloy Fund is to recognize the latent opportunity for value creation in the undervalued coastal fisheries sector, and link the resulting investments with the necessary community engagement and fisheries management provided by Rare, which ensures long-term sustainability.”

The Fund has a detailed impact monitoring strategy, projecting improvement in the lives of 100,000 fishers and their household members, while placing 1.2 million hectares of coastal habitats, including coral reefs, seagrass beds, and mangroves, under improved management.


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Mainstreet Partners Releases Its Annual Impact Report

Press Release – MainStreet Partners was founded to provide any investor with transparent and easy access to companies and funds that achieve consistent financial returns while improving people’s lives and protecting the planet. Where and how capital is deployed has a strong influence in shaping the future of our world. For this reason, we are proud to announce the publication of MainStreet Partners’ annual Impact Report to present the social and environmental results generated by our investments across all sectors in which we invest. We also highlight several investments in our portfolios to provide real examples of how they contribute to a more sustainable society and environment.

In 2016, our assets under advisement grew by over 20% and helped achieve the following results:

  • Financial Services: over 61,000 loans provided to micro-small enterprises
  • Climate Change: over 30,000 tonnes of CO2 reduced
  • Healthcare: over 103,000 medical treatments provided to patients in critical conditions
  • Housing: 40 housing units provided to disadvantaged people
  • Education: 95 low income students supported
  • Food: over 738,000 organic meals produced

Rodolfo Fracassi, Managing Director said, “Individuals and asset owners are increasingly interested in achieving tangible and positive impact through their investments. Today we are able to provide well-diversified investment solutions that offer a compelling alternative to traditional investments. In addition to that, we intentionally target and report the social, environmental and financial results per EUR 1 million invested.”

About MainStreet Partners:

MainStreet Partners is a London based investment company fully dedicated to sustainable and impact investments. Working in partnership with some of the leading European private banks and asset owners, it has developed a consistent track record in Green & Thematic Bonds, Micro & SME Finance, and Manager Selection across multiple geographies and sectors.

Follow MainStreet Partners on twitter at @MSPartners_2008.


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DRI Fund (“DRI”) Announces Success Of Loan Origination Program Focused On Providing Financing To Underserved Communities

Press Release – FORT LAUDERDALE, FLORIDA (PRWEB) JULY 27, 2017: DRI is certified by the US Department of Treasury as a Community Development Financial Institution (“CDFI”). To earn CDFI certification, DRI provides direct financing to those most in need through its affordable housing initiatives in low and moderate income areas.

CDFIs are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities. CDFIs invest in local communities and the residents who live there by providing critically needed financing often unavailable from mainstream financial institutions.

One example of this loan origination program is DTW Realty Group LLC, a small minority owned developer and property management firm who lost its financial partner after procuring 10 properties for rehab. Due to aggressive rehabilitation requirements from the public entity seller, DTW risked losing their entire investment. Although the management team had extensive experience, its recent formation and the project location made traditional financing options impractical.

“It had historically been challenging in the City of Detroit. DRI stepped in at a time when there were a lot of skeptical capital resources…It (the project) worked out for all parties, for ourselves, DRI Fund, the occupant, the customer as well as the resale side. It turned out to be a win-win all together” says, Aaron Smith, DTW Realty Group.

DRI interviewed management to understand their business model, their minimum cash need and identified weaknesses in their exit strategy. After the assessment, DRI structured a plan to streamline their business process, identified a faster lower cost mechanism for title insurance and lowered their cash consumption by arranging terms with legal & title resources that deferred payment until close. Finally, DRI matched the local DTW with an international real estate broker that allowed him a safe exit strategy: the sale completed properties at high margins, while retaining property management income.

In addition to innovative financing, DRI offers development services to borrowers by providing intensive financial education counseling, debt management planning, business plan development and strategies for reducing monthly homeownership costs.

ABOUT DRI FUND

DRI is an investment manager that is also certified by the US Department of Treasury as a Community Development Financial Institution (“CDFI”). DRI was initially formed in 2011 to manage a project sponsored by HUD’s Neighborhood Stabilization Program. The project involved the creation of affordable housing in Detroit through the rehabilitating and sale of twenty-seven vacant homes in the area. Through this program, DRI realized that many of the communities they invested in were lacking access to loans from banks and other traditional sources of credit. DRI saw an opportunity to become certified as a CDFI and provide homeownership opportunities to people who were creditworthy, but didn’t meet all the requirements that most lenders needed to originate a loan.

From there sparked several other initiatives designed to address financing issues facing underserved communities today such as DRI’s non-performing mortgage acquisition initiative. This program is designed to preserve homeownership opportunities and stabilize distressed communities through innovative loan modifications and other option that create positive community outcomes. The people and communities that DRI invests in are at the heart of its business model and all management decisions take into consideration a double bottom line approach to business.

For more information please visit DRIfund.com


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U.S. Impact Investing Alliance Launches to Scale the Practice of Impact Investing

Alliance Will Bring Together Financial Institutions, High Net-Worth Individuals and Intermediaries to Continue Catalyzing the Impact Investing Movement

Press Release – NEW YORK, July 26, 2017 – The U.S. Impact Investing Alliance (“Alliance”) today announced the launch of its expanded network of impact investing leaders dedicated to advancing this growing market.

The Alliance was founded last year by representatives from philanthropy, business and finance to champion the potential of impact investing by increasing awareness of impact investing in the U.S., fostering deployment of and demand for impact capital across asset classes globally, and by partnering with policymakers and other stakeholders to build the impact investing ecosystem.

The Alliance is introduced today with a broadened mandate that includes advocating for a favorable policy environment, catalyzing the flow of impact capital and growing the movement of impact investing in the U.S. and globally.

“Our vision is to catalyze a movement that will transform finance by putting measurable social and environmental impact, alongside risk and financial return, at the core of investment decisions,” said Fran Seegull, Executive Director of the Alliance and formerly the Managing Director and Chief Investment Officer of ImpactAssets, a non-profit impact investing firm.

The Alliance’s 11-member board comprises leading practitioners from across the impact investing community, including private investors, foundations, intermediaries and asset managers.

  • Darren Walker, President, Ford Foundation; Chair, Alliance
  • Tracy Palandjian, CEO & Co-Founder, Social Finance; Vice-Chair, Alliance
  • Matt Bannick, President, Omidyar Network
  • Ray Chambers, President, MCJ Amelior Foundation
  • Clara Miller, President, Heron Foundation
  • Nancy Pfund, Managing Partner & Founder, DBL Partners
  • Rip Rapson, President & CEO, Kresge Foundation
  • Andy Sieg, Head, Merrill Lynch Wealth Management
  • Ian Simmons, Principal & Co-Founder, Blue Haven Initiative
  • Jim Sorenson, Chairman, Sorenson Impact Foundation
  • Julia Stasch, President, John D. and Catherine T. MacArthur Foundation

“The impact investing movement is a growing force in driving social and environmental change in the U.S. and around the world,” said Walker. “In philanthropy, we are moved to lead this effort, but ultimately it is about engaging with everyone from Wall Street to Main Street. We can accomplish more in partnership than we ever could achieve on our own.”

“This movement is built upon the dedication and collaboration of so many, and this moment is made possible by their tireless efforts over the years” said Palandjian. “Through the Alliance, we have an opportunity to bridge the gaps that remain, inspiring actors across all sectors to think deeply about impact.”

The Alliance traces its roots back to the June 2013 G8 meeting, where an international effort was undertaken to explore the possibilities for impact investing to accelerate economic growth and to address some of society’s most pressing issues. Under the auspices of that effort, the U.S. National Advisory Board on Impact Investing (NAB), the precursor organization to the Alliance, was formed with a mandate to identify and help reduce domestic policy barriers to impact investing.

While the Alliance will focus on the U.S. market, it is also part of the Global Steering Group on Impact Investing (GSG), which was established to promote a unified view of impact investment across the world, facilitate knowledge exchange and encourage policy change in national markets. Its members include 15 countries plus the EU, as well as active observers from government and from global network organizations supportive of impact investing.

The Alliance also convenes and administers the Presidents’ Council on Impact Investing, which comprises leaders from 20 private foundations, with a combined $60 billion in endowed assets, who are engaged in impact investing.

Today the Alliance is also launching an Industry Advisory Council of leading impact investing network organizations. Together these organizations represent over 800 members representing trillions of dollars of assets under management. The Industry Advisory Council is led by:

  • Dana Lanza, CEO, Confluence Philanthropy
  • Amit Bouri, CEO, Global Impact Investing Network (GIIN)
  • Abigail Noble, CEO, The ImPact
  • Georges Dyer, Principal, Intentional Endowments Network (IEN)
  • Bonny Moellenbrock, Executive Director, Investors’ Circle
  • Matt Onek, CEO, Mission Investors Exchange (MIE)
  • Adam Bendell, CEO, Toniic
  • Lisa Woll, CEO, The Forum for Sustainable and Responsible Investment (US SIF)

“Investors are increasingly interested in aligning their investments with their values, so it is important the field continues to grow and evolve to meet that demand,” added Sieg.

To learn more about the Alliance, please visit www.impinvalliance.org.

About the U.S. Impact Investing Alliance

The U.S. Impact Investing Alliance is dedicated to championing the power of impact investing through increasing awareness of impact investing in the United States, fostering deployment of and demand for impact capital across asset classes globally, and partnering with stakeholders, including government, to build the impact investing ecosystem. Members of the Alliance include leaders from across the impact investing community, including investors, foundations, financial intermediaries, asset managers and service providers. For more information, please visit www.impinvalliance.org.


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Closed Loop Foundation Awards $350,000 Across 8 Groups Innovating Solutions To Food Waste

Press Release – The Closed Loop Foundation, the 501c3 arm of Closed Loop Partners announced 8 recipients in a 9 month search for the most innovative, viable and replicable solutions to reduce food waste in the U.S. With financial support from the Walmart Foundation and additional support from the City of Phoenix, CL Foundation reviewed over 150 proposals from all over the US across reduction, recovery and recycling of food waste and 8 leaders rose to the top.

According to Chris Cochran, Executive Director of ReFED, “Though we now waste 63 million tons of food in the U.S. annually, as ReFED’s Roadmap report demonstrates, innovation and philanthropic investment can dramatically accelerate the implementation of solutions.” Rob Kaplan, MD of Closed Loop Partners adds, “The Solution Search model has proven to help identify and help commercialize early stage solutions to disrupt generation and disposal of waste. We were surprised and impressed with both the quantity and quality of the proposals we saw. We worked with expert advisors from across the industry to help us narrow the pool down to the final recipients”.

According to Eileen Hyde, Director of the Walmart Giving team, “The Walmart Foundation is happy to support the Closed Loop Foundation on this initiative as part of their strategy to address the issue of waste and advance the pursuit of a circular economy. This initiative identified innovators that are creating new models for reducing food waste and we are excited to lend our support to accelerate progress on addressing this critical issue.

To learn more about the solution search and recipients, visit http://www.closedlooppartners.com/food-waste-solution-search/

About Closed Loop Foundation:

Closed Loop Foundation is an independent 501c3 organization supported by Closed Loop Partners, an investment platform that invests in sustainable consumer goods, advanced recycling technologies, and the development of the circular economy. To learn more about Closed Loop Foundation, go to our website: http://www.closedlooppartners.com/closed-loop-foundation/.

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