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

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

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.

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/.

Investment by Innovative Carbon Fund Protects Large Northeast Forest and Supports Forest Education

Climate Trust Capital’s first forestry investment funds storied Connecticut conservation legacy organization, Great Mountain Forest Corp.

Press Release – Portland, Ore. — U.S.- based private investment fund Climate Trust Capital, an independent entity of the long-standing mission-driven nonprofit The Climate Trust, has reached agreement on its inaugural forestry carbon investment. This $550,000 upfront investment is the second of Climate Trust Capital’s $5.5 million Fund Iaunched in October 2016, and was seeded by a Program-Related Investment from the David and Lucile Packard Foundation and supported by a Conservation Innovation Grant from the USDA’s Natural Resources Conservation Service.

The investment is an eleven-year commitment to invest in carbon offsets from a 6,000-acre forestry project with Connecticut-based Great Mountain Forest Corporation (GMF), a not-for-profit 501(c)3 private operating foundation. GMF, with a mission to educate, conserve and support scientific research of its forest areas, is contracting with experienced carbon offset project developer, Bluesource, LLC, to develop an Improved Forest Management project using an upfront investment from Climate Trust Capital’s Fund I. This deployment of capital to GMF from the carbon investment fund is based on the anticipated ten-year value of carbon credits from the project. By implementing a carbon project, GMF is committing to maintaining above average timber stocks on the property. This pledge will be monitored and verified over a 100-year period.

“We are delighted to make an investment in such a charismatic forestry project, as it truly reflects Climate Trust Capital’s investment philosophy and ongoing strategy,” said Sean Penrith, executive director for The Climate Trust. “We have found that early-stage finance is critical, offering greater potential for impact as projects are developed, and we are pleased to see that strategy put into action with such a worthy partner.”

“The Climate Trust’s unique ability to provide upfront capital in combination with taking out-year price, production and regulatory risk is exactly the type of offering that many long-dated emission reduction projects need to get on their feet,” said Bluesource CEO, Eric Townsend. “Applied to the right project, it really plows through the regulatory uncertainty in the market today.”

“Given that more than a century of forest management and informed stewardship has gone into restoring the health and vitality of our working native forest, this exciting new development with Bluesource and The Climate Trust begins a dynamic new century of commitment to carbon sequestration for the public good,” said Charles R. Fritz, GMF chair.

With roots dating back to 1909, GMF is one of the nation’s oldest forest conservation legacy organizations. The project encompasses a large woodland area located in the uplands of northern Litchfield County, Connecticut. The forest is a critical part of watersheds providing fresh water to metropolitan areas to the south. Part of an ecologically vital corridor, this forest forms a vital bridge for wildlife and migratory songbirds in the northeast. In addition to harboring wildlife, the forest has historically served as a field training location for Yale Forestry and Environmental Studies graduate students and undergraduates from other forestry programs; recently serving to educate the next generation of foresters on carbon forestry management practices.

Climate Trust Capital’s Fund I is focused on supporting innovative U.S.-based carbon offset projects in the forestry, grassland conservation, and livestock digesters sectors. The GMF project was identified as a match for conservation finance, with the offer of upfront investment tipping the scales in the favor of developing a forestry carbon offset project. The GMF project will be developed in accordance to the California Air Resources Board (ARB) protocol for U.S. Forest Projects, and is estimated to generate more than 360,000 offsets over its first 10-years of operation.

“The Trust’s technical experts are enthusiastic about the potential for impact in the forestry sector, expecting it will play a large part in building our Fund I portfolio,” said Kristen Kleiman, director of investments for The Climate Trust. “Climate Trust Capital leverages our technical expertise and robust buyer network, to ensure optimal long-term performance and the best possible premiums for the sale of generated credits.”

“We are proud of the progress we’ve made in building and deploying our Fund in the past six months, and look forward to future investments in carbon that align with our conviction that carbon prices are undervalued and will provide investors with long-term, risk-adjusted returns,” continued Penrith. “Our patient approach rewards project owners as carbon prices increase over time, while meeting our personal commitment to preventing a disastrous rise in global temperatures brought about by climate change.”


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Orrick Focuses on Impact Finance & Investment: A Growing Field for the Private Equity Market

Press Release – July 13, 2017 — A leading advisor to the Impact Finance and Investment market, Orrick has expanded its practice with the creation of a full-time position focused on helping clients to create and sustain intentional and measurable social and environmental impact alongside financial returns. The firm is making this move in response to the growth of the global Impact Finance and Investment market, particularly with heightened interest among private equity funds in impact investing opportunities.

The field of impact investing is vast and growing. According to the Global Impact Investing Network’s 2017 Annual Impact Investor Survey, over $22 billion was invested in nearly 8,000 impact transactions in 2016. There was a reported 15% increase in the amount of investments from 2015 to 2016, and the market is expected to grow another 17% through the end of 2017.

Perry Teicher, who initially joined Orrick as the Impact Finance Fellow, will now serve this market full-time as the firm’s Impact Finance Attorney, based in Orrick’s New York Corporate practice. Working in concert with Orrick’s private investment fund practice and technology companies group, Perry and the firm’s global team advise private investment funds, companies, and entrepreneurs on achieving their impact investing goals.

Ed Batts, head of Orrick’s global M&A and Private Equity Practice Group, noted: “Impact investing is increasingly important to our private equity fund clients, as limited partners such as public investment funds and university endowments place a stronger emphasis on PE allocations to this asset class. With Perry’s appointment, we look forward to continuing to bring significant resources to bear in this area and helping our clients make connections with impact investment opportunities.”

About Orrick

Orrick is a global law firm focused on serving the technology, energy & infrastructure and finance sectors. Founded more than 150 years ago, Orrick today has offices in major markets worldwide. Approximately a quarter of the firm’s practice is outside the United States, led from offices in the UK, France, Germany, Italy, Switzerland, Belgium, Russia, China and Japan, as well as an affiliated office in Côte d’lvoire. Fortune named the firm to its list of the 100 Best Companies to Work For in 2017, for the second year in a row, and Financial Times selected Orrick as the Most Innovative U.S. Law Firm in 2016.


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Big Path Capital Announces 9th Annual Impact Capitalism Summit Nantucket – Coined “The Summer DAVOS of Impact Investing”

Leading investors deploying capital for impact and return will meet to discuss the key factors changing the impact investing landscape

Press Release – NANTUCKET, Massachusetts – July 12, 2017 – Boutique financial services firm, Big Path Capital today announces its 9th annual Impact Capitalism Summit Nantucket (ICS). This year’s Summit will take place from July 19-20, 2017 at The Nantucket Hotel and Resort in Nantucket, Massachusetts. ICS Nantucket is the largest summer convening of investors focused on maximizing impact and maximizing return across asset classes. Attendees are impact investing industry leaders and include institutional investors, wealth advisors, family offices and more.

This year’s theme will focus on the key factors influencing the impact investing industry, including women and millennials’ growing influence in impact investing. The biggest generational transfer of wealth in history is in its beginning stages and ICS will explore how these new asset owners make their investment decisions. In addition, on the heels of the US’ exit from the Paris Accord, the Summit will explore the future of the clean energy economy in the Trump era.

Keynote speakers include Sandra Urie, Chairman Emeritus of Cambridge Associates; Kelly Williams, Chair and CEO of Private Equity Women Investor Network; and Kenneth Mehlman, Member and Global head of Public Affairs at KKR. These thought leaders join a list of senior professionals as they lead conversations among the players at the helm of impact investing. The full list of speakers and sessions can be found here.

The purpose of the Summit is educational and no securities will be offered, purchased or marketed nor will any services such as financial advisory, legal, or accounting be offered.

Sponsors and supporters of this year’s summit include Sorenson Impact, Locus, Prime and the Intentional Endowments Network.

“In the ten years Big Path Capital has been operating, we have yet to find another event that brings together the impact investing leaders like the Impact Capitalism Summit,” said Shawn Lesser, Big Path Capital Co-Founder and Partner. “ICS is a collaborative environment where investors can share best practices, work through problems and continue to move this industry forward.”

“Much of the $60 trillion-dollar wealth transfer will be controlled by women and millennials. This is a game changer for the impact investing community and one with positive systemic changes that will follow in its wake. We are excited to be curating this very important topic,” said Michael Whelchel, Big Path Capital Co-Founder and Partner. “The political environment creates an added pressure on the impact investing industry to continue to excel in creating a more sustainable world.”

ICS is open to impact investors and those allied to the field but attendance capacity is limited. Interested parties may apply to attend at ImpactCapitalismNE.com.

About Big Path Capital

Leveraging one of the largest global networks in Impact Investing, Big Path Capital’s services include assisting impact companies and funds to ensure mission preservation across financial transactions, including acquisitions, mergers, and capital raises. Big Path sees Impact Investing as SmarterMoney+ i.e. the dual objective of achieving Maximum Return and Maximum Impact. Big Path initiatives also include the Five Fund Forum, Impact & Sustainable Trade Missions, Big Path Impact Academy, and the Train Stop Tour.

​Disclaimer: Investment banking services are provided by Intellivest Securities, Inc. a member of FINRA and SIPC. The presentations given by fund managers, issuers or others at the Summit do not constitute an offering of securities or solicitation of offers. Such an offer may only be made in compliance with disclosure and delivery requirements under applicable, securities laws and will be limited to prescribed categories of investors. Attendance is limited to Accredited Investors and Qualified Purchasers as defined under Federal securities laws. Some presenters may pay a fee for participating. Attendees are responsible for their own due diligence if they enter into a relationship of any kind with any entity or person met at the Summit.


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Global Impact Investing Network Selects Deloitte As Advisory Collaborator On Major Project To Accelerate Development Of Impact Investing Market

On The Ten-Year Anniversary Of The Impact Investing Movement, The Market Roadmap Project Will Engage Stakeholders Across The Industry To Create A Collaborative Plan For The Future Of The Impact Investing Market

Press Release – NEW YORK, July 10, 2017 – The Global Impact Investing Network (GIIN) today announced the appointment of Deloitte Consulting LLP as an advisory collaborator in its “Market Roadmap Project.” This ambitious project, conducted at the ten-year anniversary of the coining of the term impact investing, will assess industry progress to date, codify a vision for the future of the market, and outline specific actions to accelerate the advancement of the industry. With Deloitte’s support and advice through its Monitor Institute, the GIIN will lead a broad consultative initiative to identify the bold actions needed to exponentially enhance the scale and effectiveness of impact investing across the world.

Deloitte will provide valuable guidance at every stage of the Market Roadmap Project, supporting research design and data analysis, designing and facilitating gatherings of key stakeholders, surfacing strategic considerations for field-builders, and assessing implications of key findings for the broader market, among other activities. Deloitte was chosen for the role following a competitive selection process in which several firms were considered for the partnership role. The Deloitte team has significant experience working at the intersection of business, innovation, and social change, and brings particular expertise in driving large-scale social change by galvanizing communities around a shared agenda.

The GIIN will leverage its capacity to conduct rigorous industry research, as well as its strong convening power and broad global network of players in the impact investing community, to produce an action plan for the industry’s accelerated development. The GIIN will then work with leading impact investors and other industry stakeholders globally to mobilize around the recommendations to catalyze further market progress.

The Market Roadmap Project will explore a number of questions, including:

  • What infrastructure, tools, products, and resources are needed for industry growth and effectiveness?
  • What is needed to further catalyze impact investing commitments from institutional investors?
  • As more large scale investors build impact investing practices, how does the industry ensure the integrity of practice is preserved?
  • What does the future of impact measurement and management look like?
  • How can different types of investors collaborate for greater impact?
  • How can impact investing be made accessible to all investors?

“The impact investing market has reached a stage of growth and development that holds tremendous potential for a broad reimagining of the way the world’s capital markets work,” said Amit Bouri, CEO and Co-Founder of the GIIN. “With forward-thinking, decisive action, we can capitalize on the potential of the impact investing industry to produce large-scale social and environmental action. But we need to begin planning now for the market we want to have in our future.”

Tony Siesfeld, Managing Director at Deloitte Consulting LLP, said, “Since its inception, impact investing has seen a proliferation of investment instruments, infrastructure organizations, and intermediaries. Deloitte is honored to be supporting the GIIN in formulating the next phase of impact investing and helping to redefine the capital market.”

The Market Roadmap Project and related activities are funded with the generous support of The Rockefeller Foundation, a pioneer in catalyzing the impact investing industry for social and environmental good, and a long-time partner of the GIIN.

Individuals or organizations that are interested in providing input to the Market Roadmap Project can email roadmap@thegiin.org.

About the Global Impact Investing Network

The Global Impact Investing Network (GIIN) is a nonprofit organization dedicated to increasing the scale and effectiveness of impact investing around the world. Impact investments are investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return. Impact investments can be made in both emerging and developed markets, and target a range of returns from below market to market rate, depending upon the circumstances. The GIIN builds critical infrastructure and supports activities, education, and research that help accelerate the development of a coherent impact investing industry. For more information, please visit www.thegiin.org.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including 80 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.


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