Next Week’s Calls
📞 Agents of Impact Call 64: Blending billions. The SDG Loan Fund, which raised $1 billion from German insurance giant Allianz and other institutional investors, could serve as a model for efforts to put private capital to work for inclusive economic growth, reduced income inequality and other Sustainable Development Goals. Blended finance transactions, which leverage guarantees, first-loss reserves and other forms of catalytic capital to crowd in commercial capital, hit a five-year high of $15 billion last year. Billion-dollar-plus deals remain rare. Join MacArthur Foundation’s Debra Schwartz, Nnamdi Igbokwe of Convergence, and other Agents of Impact for practical lessons in blending billions for renewable energy, sustainable agriculture, small business lending, health and education in emerging markets.
The Week’s Podcasts
🎧 This Week in Impact: A near climate-free debate. Host Brian Walsh takes up some of the week’s top stories with ImpactAlpha’s editorial director Amy Cortese. Up this week: The scant attention to climate change and the Inflation Reduction Act in the US presidential debate, the sustainable side of fashion week in New York, and a look at the rising number of student-led impact funds.
The Week’s Agent of Impact
Edgar Villanueva, Decolonizing Wealth Project: Championing Indigenous fashion and finance. Edgar Villanueva is a model – literally – for the principles of reparative finance. On a Soho rooftop at New York Fashion Week, the activist and author of "Decolonizing Wealth" sported a suit made of vegan cactus leather from Mexican retailer Sarelly Sarelly, along with a beaded pendant by Navajo designer Sean Snyder. The fourth annual Celebrating Indigeneity event, hosted by Villanueva and his nonprofit, the Decolonizing Wealth Project, celebrated Indigenous fashion designers including Jantay Kahm, Bethany Yellowtail and Naiomi Glasses, and championed climate sustainability (see, “Ethical and inclusive are in style at New York Fashion Week”). “I see this as a narrative change opportunity,” Villanueva told ImpactAlpha, “but also a wealth building opportunity for Natives in this industry.”
The Week’s Deal Spotlight
Yes, the fundraising environment is improving, even if it doesn’t feel like it. The ice is starting to thaw for private market fundraising after a frigid couple of years. “While not in the numbers yet, we believe that the decline in 12-month fundraising figures began to turn in Q2 2023,” Hilary Wiek reports in PitchBook’s latest "Global Private Market Fundraising" roundup. Fundraising for real assets stood out, reaching nearly $142 billion in the last four quarters, nearly quadruple the previous period. About 95% of the capital committed to real asset funds so far this year has gone to infrastructure funds. Even underinvested sectors like water are seeing interest: WaterEquity this week snagged $100 million for its Water and Climate Resilience Fund for investments in water delivery, treatment and reuse projects in Africa, Asia and Latin America.
The Week’s Talent and Jobs
💼 See and share more than a dozen new impact jobs posted this week on ImpactAlpha’s Career Hub and view hundreds of more jobs in impact investing and sustainable finance. Have a job listing to post? Submit it here.