Root Capital will be able to make a larger dent in the huge shortfall in financing for smallholder farmers in Latin America and Africa. The nonprofit agricultural lender has secured a $50 million lending facility from the Overseas Private Investment Corporation, or OPIC. The new facility includes $30 million of new capital, Root Capital told ImpactAlpha.
A collaborative $100 million fund to finance education and child care, healthy food and affordable housing, and energy conservation and jobs in Chicago, may become a national model for a new way to harness the interest of impact investors in local social enterprises. The MacArthur Foundation, the Chicago Community Trust and Calvert Foundation launched Benefit
Federal guidelines are finally catching up to the kind of impact investments leading philanthropic foundations have already been making in for-profit companies and other market-based approaches to social and environmental problems. The new IRS and Treasury Department guidance on so-called “program-related investments” by foundations, to be published Monday, are the latest in a series of
The new new thing in Silicon Valley? Global development. The latest data point: Venture capital powerhouse Andreessen-Horowitz’s investment in Branch, its first in a U.S.-based company targeting the Africa market. Branch has closed a $9.2 million series A round that also includes earlier investors Formation 8 and the Khosla Impact Fund. Andreessen-Horowitz is betting on Matt
Commercial lenders don’t exactly flock to opportunities to offer low-cost loans, lines of credit and equity investments for small businesses and social services for low-income residents in U.S. cities. So a new fund is sweetening the pot to increase the flow of capital for such investments across the country. Living Cities, a collaboration of nearly two dozen