Suzanne Biegel, GenderSmart: Making markets work for women and the world. Women are hot… investments. So declared ImpactAlpha back in 2014, when we used quote marks for investors unfamiliar with “gender lens” investments in—and for—women, for the benefit of all. Back then, there was little data on the size or scope of gender-lens finance. Today, one study tallied $18 billion in commitments to private gender-focused funds. “I'm tracking over 300 private market funds and growing,” Suzanne Biegel, the field-building founder of GenderSmart, tells ImpactAlpha. Many are on their second or third gender-lens funds. “There is a body of evidence that says, ‘When we get capital into the hands of women entrepreneurs, good things will happen,’” Biegel said on a 2016 Agents of Impact podcast.
The Week’s Dealflow
Deal spotlight: Inclusive fund managers. First-time impact fund managers tend to outperform more experienced peers. This week, VC Include selected a dozen impact-oriented venture capital and private equity funds led by general partners with diverse backgrounds for its two-month education and mentoring fellowship program. Separately, Alphabet, through its growth fund CapitalG, allocated the final $40 million of its $100 million commitment in 2020 to seven Black venture fund managers investing in Black entrepreneurs. Among the recipients are Serena Williams’ Serena Ventures, Black Tech Nation Ventures and Nasir Qadree’s Zeal Capital Partners.
The Week’s Talent
Christopher Harris, ex- of TIAA, joins Zevin Asset Management as a client portfolio manager and will join the firm’s investment committee… Anna Lerner Nesbitt, ex- of World Bank Group and Meta, joins the Climate Collective as CEO… Jacquelyn VanderBrug, ex- of Bank of America, joins Putnam Investments as head of sustainability… Emma Kulow, a former ImpactAlpha fellow and ex- of CapShift, joins ACCELR8 as an associate.
The Week’s Jobs
The Los Angeles Cleantech Incubator is hiring a government and university relations manager in Los Angeles and several other roles… WaterEquity seeks a remote marketing associate… Abrdn is looking for a fund accounting product management analyst in Philadelphia... DBL Partners seeks an associate in San Francisco... Social Finance seeks a vice president of impact investments in Boston.
Editor’s note: This article is sponsored by Johnson & Johnson Impact Ventures, which supports ImpactAlpha’s Investing in Health coverage. In partnership with J&J Impact Ventures, ImpactAlpha is exploring the …
Briefing: Stephan Nicoleau on Davos and Moving Forward on Climate
FullCycle’s Stephan Nicoleau deconstructs the climate conversation at the recent Davos meeting of the World Economic Forum with podcast host Monique Aiken, and points to some surprising opportunities for climate investors. Plus the headlines.
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