- Packard Foundation and the MacArthur Foundation backed the fund with low-cost debt program-related investments, with a goal to “build a new asset class where none currently exists,” Packard’s Susan Phinney Silver told ImpactAlpha.
- In a half-dozen or more deals, Rockefeller is putting "catalytic capital" where its mouth is. The foundation is one of the first to create an impact investment management company registered with the U.S. Securities and Exchange Commission to allow it to manage other investors’ capital.
- The investment management firm is working to raise $40 million from a syndicate of other catalytic investors as a way of attracting $1 billion in commercial capital to a large developer of solar mini-grids in India, which has plans for 10,000 mini-grids to bring electricity to 22 million people.
- Scaling impact investing with integrity requires, well, integrity. The International Finance Corp. has a plan for that.
Let’s just say, the three-minute YouTube video is full of energy. What if… impact investing hits the pop charts?
- Mumbai-born Advani is CEO of the $1 trillion asset-management arm of TIAA, the world’s largest farmland owner and an increasingly visible impact investor.
- The successor to the Overseas Private Investment Corp. was set to begin operations Oct 1, but most of the new capacities are on hold pending the passage of a federal budget.
- The MacArthur Foundation turned up a bumper crop of proposals with its call last spring for funds and other investment intermediaries that demonstrate the value of “catalytic capital.”