Scaling impact fund managers + cloudy skies for sustainable aviation fuel

Hi there, Agent of Impact! Welcome to ImpactAlpha Open, a preview of top news and views from last week on ImpactAlpha.

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In this week’s Open:

  • Scaling impact fund managers
  • Podcast: Emerging market mood
  • Spotlight: Biodiversity finance in Europe

Let’s dig in. – Dennis Price


Must-reads on ImpactAlpha

  • Capricorn stakes out the next wave of large-scale impact fund managers (Q&A). Capricorn Investment Group is paying it forward – and taking a stake. ImpactAlpha spoke with Capricorn’s William Orum and Marie-Céline Damnon about the firm’s GP stakes strategy, the need for fund managers to specialize, and what’s next in impact. Read the Q&A and the latest ImpactAlpha LP/GP newsletter.
  • Cloudy Skies: DOE backs sustainable aviation fuel, but airline demand is slow to take off. Sustainable aviation fuel, or SAF, has become the first climate sector to escape the Trump administration’s funding freeze. But with cost a major barrier to SAF adoption and Biden era tax credits for the use of such fuels still on hold, the future of sustainable aviation remains murky. Learn more.
  • In the category of sustainability-themed entertainment, the winner is… The film industry is starting to regularly take on sustainability as a key narrative and storytelling device. To bring more attention and scrutiny to such efforts, Dmitriy Ioselevich of 17 Communications, in partnership with ImpactAlpha, is launching a kind of Rotten Tomatoes for the impact investing crowd. The first two reviews.

Agents of Impact

  • BlueMark added Nick O’Donohoe, ex-CEO of British International Investment, to its board of directors.
  • Nonprofit Finance Fund brought on Kareem Thomas, formerly with Reinvestment Fund, as chief credit officer, and named Bhavani Daryanani, previously with Capital for Change, as chief financial officer.
  • UBS Optimus Foundation promoted Gayatri Suri to director of social finance.

The Week’s Podcasts

🎧 This Week in Impact: Emerging Market Mood

Host Brian Walsh chats with ImpactAlpha’s senior reporter Lucy NgigeUp this week: Why the mood at two impact investing conferences in Nairobi was hopeful, despite the US foreign aid freeze. Plus, a roundup of some of the most interesting recent emerging markets deals.


The Week’s Deal Spotlight

🌱 Biodiversity funds gain momentum in Europe

More than $700 billion a year is needed to close the global biodiversity financing gap. As institutional investor demand rises, private fund managers, including Goldman Sachs Asset Management, French impact investor Eurazeo, and Rewilding Europe Capital, an impact debt fund backed by the European Investment Bank, are seizing the opportunity.


Get in the Game

💼 Step up

  • The Luminos Fund is hiring a director of impact.
  • GAWA Capital is seeking a senior investment officer in Madrid.
  • Better Society Capital is looking for an investment partnerships and advisory manager or senior manager in London.

Dozens of job opportunities are available to subscribers each week on ImpactAlpha’s Career Hub.

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