New Impact Benchmark from Cambridge Associates: Market-Rate Returns (Almost)

Down goes another obstacle to the growth of impact investing. The new Impact Investing Benchmark, from Cambridge Associates and the Global Impact Investing Network (GIIN), showed that a group of more than 50 impact investing funds delivered returns nearly as strong as a set of comparable funds with no measured social impact. Some subsets even

DBL Partners, Investor in Tesla and Solar City, Closes 3rd Fund at $400 Million

Want to spot the next Tesla? Watch DBL Partners. The “double bottom line” venture capital firm has closed DBL Partners III, its third fund, with $400 million in capital. The portfolios of DBL’s previous funds include some of the most successful social ventures to date, including Tesla Motors, Solar City, Revolution Foods and Ecologic. “The size

Chia Ting Ting: The Business Force Behind Malaysia’s Digital News Leader

Chia Ting Ting, the top advertising executive at Malaysia’s largest online news portal, appreciates something that many press advocates overlook: independent journalism requires financial independence as well. When Malaysiakini does a story on modern day slavery in Malaysia, for example, its newsroom is rightfully praised. Rarely acknowledged, however, are the behind-the-scenes staff that create the

Mayvenn Raises $10 Million from Andreessen Horowitz, Celebrities and Impact Investors to Streamline Hair Market

The U.S. market for hair, as in hair extensions and wigs, is a $5 billion a year industry. Mayvenn, an e-commerce startup based in Oakland, Calif., aims to put the hair experts — stylists — at the center of it. The company has closed a $10 million Series A round from an unlikely mix of mainstream,

Funds, Funds and More Funds: Obvious Ventures, Intel Capital, The Impact Investment Fund

Obvious Ventures closes $123 million fund for “world positive” companies.  Twitter co-founder Ev Williams’ new venture capital firm Obvious Ventures confirmed the close of its first impact investing fund. The fund raised $123,456,789 for what it calls “world positive” venture capital. “It’s the idea that world positive businesses have advantages in the market and can outperform their more traditional peers,” the firm states

Ecotrust Forest: Making the Math Work for Sustainable Timber in the Northwest

Ecotrust Forest Management has gone where most other sustainable timber funds fear to tread: the Pacific Northwest. The Portland-based investment manager has successfully closed a $52 million fund for the purchase and sustainable management of northwest forests with an approach it says can both benefit local communities and the environment and deliver market-rate returns for investors. The

Getting to 100% Mission-Aligned Assets: Lessons From F.B. Heron

The F.B. Heron Foundation has a goal to mission-align 100 percent of its $300 million in assets by 2017. Two years out, Heron’s president, Clara Miller, and vice president, Toni Johnson shared some of what they’re learning in the process in “Mission-Aligned Investing: More Complex Than It Seems,” in the Stanford Social Innovation Review. The takeaway: Easier