Over the last decade the Knight Foundation has moved 22.5 percent of its endowment, or $472 million, to management by women- and minority-owned firms. Now, Knight is sharing what it has learned in a new study. “There is no legitimate reason not to invest with diverse asset managers in the 21st century,” said Knight’s Alberto Ibargüen.
Arif Naqvi has been trying for years to break investors of their short-term mindset. Now he has the short-hand to make them see what he is talking about: the Sustainable Development Goals. The founder of Abraaj Group, the $10 billion private equity firm headquartered in Dubai, Naqvi says long-term value creation requires investors to focus
The $12,500 ticket (at the low-end) kept away most customers, workers, citizens and millennials. But such stakeholders were on the minds, or at least the lips, of the heavily male global financiers and power brokers “at Milken” in Beverly Hills this week. The customer / worker / citizen / millennial / female ferment for free speech,
The “creative economy” gets little recognition from investors, including the impact sector. A recent report from the Calvert Foundation and Upstart Co-Lab suggests the creative sector needs $1.5 billion in investment over the next five years in the U.S. alone. Here comes Canada. A hub under construction in Toronto’s East Bayfront area is intended to provide artists
MarcoPolo Learning has raised $8.5 million for its early-education apps. The New York startup launched in 2012 with a vision of universal access to early childhood education. MarcoPolo offers five mobile apps for teaching kids about the natural world through games. Last year, it introduced a series of short science videos for three- to seven-year-olds
“A weakening of remittance flows can have a serious impact on the ability of families to get health care, education or proper nutrition,” says the World Bank’s Rita Ramalho. To blame, says the bank: low oil prices and weak economic growth in energy-rich Gulf countries, Europe and Russia, which took a toll on flows to South
One of the big questions around the Rise Fund, the new impact investing fund from private equity firm TPG Growth, has been where the fund will put the $2 billion it has said it is raising. The firm provided a partial answer today with its first investment, leading a $190 million financing of EverFi, an educational