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elevar-equity | December 22, 2016
Billionaires’ Ball: Deconstructing TPG’s $2 billion RISE Fund
Talk about raising expectations. The RISE fund scored an Andrew Ross Sorkin exclusive in the New York Times, led by Bono, backed by …
- Beats
- The Brief
March 20, 2023
The Brief
Featured: Metrics Madness
Q&A with Napoleon Wallace: Tracking investment theses against the promise of Reconstruction. Napoleon Wallace has a challenge. After decades of developing racial equity and economic development strategies, he knows what he is looking for in the Ownership and New Equity Fund, or FundONE, a project of the Southern Reconstruction Fund (see, "Agent of Impact: Napoleon Wallace"). Opportunities like an equity investment into a mixed-use development in an historically-Black neighborhood, which provide direct opportunities for personal and generational wealth creation through residential and businesses ownership. Or like a fund to provide patient, equity capital to help Black entrepreneurs in the South make down payments to purchase the commercial spaces in which they operate. But Wallace and his partner Dorian Burton are not sure how to measure the impact of the very early-stage fund managers they are backing. Nor, by extension, how they should measure their own success. “As we have been working through our goals around impact management, we have seen a need for metrics and reporting infrastructure that will allow us to compare inputs, outputs and, optimally, outcomes across various funds and concepts,” Wallace told ImpactAlpha in an email exchange.
Dealflow: Water and Sanitation
Incofin secures €36 million to invest in access to safe drinking water. Less than 2% of impact venture capital over the past five years has gone to startups in water and sanitation, a recent survey estimates. Belgian impact investment firm Incofin’s Water Access Acceleration Fund is blending finance to derisk water access solutions and crowd in private capital. Last week, British International Investment and Metito Utilities announced a partnership to invest in commercial water and sanitation projects in Africa.
Signals: Climate Finance
Global Innovation Lab develops new financial models to tackle climate challenges in emerging markets. Global finance is not keeping up with the urgent challenge of decarbonizing the economy and helping communities adapt to a rapidly changing climate. That’s why we look forward each year to the Global Innovation Lab for Climate Finance’s latest batch of creative ideas. The investor-led initiative, managed by the Climate Policy Initiative, selects roughly a half-dozen climate finance ideas to help develop and commercialize. This year’s six winners are working on solutions from transitioning degraded lands in Brazil to supporting climate startups in Africa. The cohort represents the Lab’s new focus on gender equity (for context, see, “Gender lens + climate finance = broader reach”).
Agents of Impact: Follow the Talent:
Former Georgia state representative Stacey Abrams will join climate tech nonprofit Rewiring America as senior counsel… Former Los Angeles Mayor Eric Garcetti will become U.S. ambassador to India as the country takes on a pivotal role in climate efforts (see, “India poised to lead – and to test – the just energy transition”)... Aegon Asset Management promotes Anne Scott to global climate solutions lead, a new role.
- The Call
Memphis skyline
Muni Impact | February 9, 2023
Engaging racial-equity risks and opportunities in municipal finance (video)
ImpactAlpha, Feb. 9 – The fatal beating by police of Tyre Nichols in Memphis last month exposed risks to the city’s finances that have …
Photo by Tamarcus Brown on UnsplashMuni Impact | November 18, 2022
Mispriced risks, investor demand and community power center racial equity in municipal bonds (video)
ImpactAlpha, Nov. 18 – Cities around the U.S. are raising low-cost capital in the municipal bond markets by highlighting intentional efforts to address long-standing …
Call Recording | September 30, 2022
Agents of Impact Call No. 45: Creative capital for gender-smart investments (video)
ImpactAlpha, September 30 – Capital to support women’s economic growth and financial inclusion is flowing – finally! – in many advanced economies. In emerging …
Climate Finance | September 19, 2022
New momentum and stubborn challenges as Climate Week kicks off (Call No. 44)
ImpactAlpha, Sept. 19 – Investors, entrepreneurs, corporate executives and world leaders have descended on New York for Climate Week, the annual gathering alongside the …
photo: PixabayOriginals | June 27, 2022
Seven Calls: Agents of Impact on carbon pricing, political risk, climate adaptation, responsible fintech and more
ImpactAlpha, June 27 – ImpactAlpha’s spring season of Agents of Impact Calls spanned a period of tumult in the financial markets: instability in …
Call Recording | June 3, 2022
Call No. 43: How responsible fintech in Africa provides resilience in a downturn (video)
ImpactAlpha, June 3 – Just as investment in financial inclusion in Africa was really ramping up, a market downturn threatens to slow progress. Or …
Impact Investing | May 13, 2022
Call No. 42: Business financing beyond venture capital to fuel the boom in entrepreneurship (video)
ImpactAlpha, May 13 – One defining outcome of the pandemic: a boom in entrepreneurship. A record five million businesses were started in the …
Inclusive Economy | April 22, 2022
Call No 41: How investors are catalyzing climate capital for adaptation and equity (video)
ImpactAlpha, April 22 – The Ukraine crisis risks tipping up to 1.7 billion people — over one-fifth of humanity — into poverty, destitution …
Frontier and Growth Markets | April 1, 2022
Call No. 40: How impact investors embrace political risk to keep progress flowing (video)
ImpactAlpha, Apr. 1 – High-impact investments in fragile countries invariably entail political risk. And impact investments in a free press, humanitarian tech, financial inclusion …
Capitalism Reimagined | March 11, 2022
Call No. 39: Moving from ESG talk to action at major corporations (video)
ImpactAlpha, Mar. 11 – It’s one thing for a corporation to set environmental or social goals. It’s another to shift executives, employees and supply …
Policy Corner | February 25, 2022
Call No. 38: Inside the generational opportunity to reshape rules of corporate disclosure
ImpactAlpha, Feb. 25 – Bottom-up policies for access to capital in divested communities. Top-down strategies to reshape capitalism to work for all stakeholders. “We …
Call Recording | February 11, 2022
Call No. 37: Ramping up the supply of carbon reduction to meet the urgent demand (video)
ImpactAlpha, Feb. 11 – ”$100 a ton?” exclaimed CDP’s Paula DiPerna on ImpactAlpha’s Agents of Impact Call this week. “I should be popping champagne.” …
- Podcasts
agents-of-impact | March 17, 2023
Ben McAdams, Sorenson Impact: Marrying public real estate and private capital (podcast)
What is the net worth of Salt Lake City? It’s a relatively straightforward exercise to total up the balance sheet of a company …
Podcasts | March 10, 2023
Scaling purpose built impact with Priya Parrish
Impact Engine’s Priya Parrish joins David Bank to explain why purpose built investment firms end up with better impact outcomes than purpose driven …
Podcasts | March 3, 2023
Sana Kapadia on the alpha opportunity for investors who are gender smart
2x Global’s Sana Kapadia joins host Monique Aiken to ring in Women’s History Month and talk about the state of gender-lens investing. Plus, …
Podcasts | February 24, 2023
University of California’s rescue of Blackstone’s REIT
The roundtable – that’s Brian Walsh, Imogen Rose-Smith and David Bank – is back together to discuss private equity and, specifically, that $4.5 …
Podcasts | February 17, 2023
How Project Equity is surfing the ‘silver tsunami’ to help turn employees into owners
It’s called the Silver Tsunami. In the United States, baby boomers own half of the privately held businesses with employees. And those boomers …
Policy Corner | February 10, 2023
Finding the opportunities for impact investors in Biden’s SOTU
Fran Seegull of the Impact Investing Alliance joins host David Bank (filling in for Brian Walsh) to talk about jobs, climate and communities …
Podcasts | February 3, 2023
Finding the opportunities in (and the problems with) the municipal bond market
ImpactAlpha’s David Bank joins Host Monique Aiken to to share some takeaways from this week’s Agents of Impact Call on the steps that …
Catalytic Capital | January 27, 2023
Why development finance institutions are being pressed to ‘publish what you fund’
Development finance institutions are essential to the mobilization of capital to slow climate change and to meet the Sustainable Development Goals. So why …
Agents of Impact | January 20, 2023
Demetric Duckett, Living Cities: New decision-makers for the new majority (podcast)
ImpactAlpha, Jan. 20 – Building wealth for women and people of color is about numbers as well as equity. By mid-century, there will be …
Impact Investing | January 13, 2023
Impact Briefing: How the Milken Institute is connecting disadvantaged communities with critical project development financing
The historic buildout of low-carbon and sustainable infrastructure is on. Spurring this climate action is hundreds of billions in federal spending in the …
Podcasts | December 16, 2022
Why early Tesla investor Kristin Hull sees Elon Musk as an ESG risk (podcast)
Host Brian Walsh is joined by Kristin Hull of Nia Impact Capital, a long-time Tesla investor who says Elon Musk’s Twitter escapades threaten …
Jigar Shah (Photo: David Deal/Redux)Climate Finance | December 13, 2022
Jigar Shah on building a $140 billion ‘bridge to bankability’ for the energy transition (podcast)
ImpactAlpha, Dec. 13 – Talk about catalytic capital. With a fresh $100 billion in funding from the Inflation Reduction Act boosting its financing capacity …
- Opinion
Sustaining Impact | March 9, 2023
Leveraging catalytic capital to transform economic systems in Africa
Editor’s note: This blog is part of ImpactAlpha’s series, “Sustaining Impact,” authored by participants in the Catalytic Capital Consortium (C3) Sustaining Learning Labs. Key insights …
Impact Investing | March 8, 2023
Trillion-dollar opportunity: Tackling women’s digital exclusion in the developing world
For all the optimism contained in International Women’s Day, the reality is that in most places around the world, the gender gap isn’t …
Return on Inclusion | March 6, 2023
Want to wring impact from ESG? Look to governance
If ESG is a foot in the door to an economy built around sustainability, inclusion and equity, then governance is the power that’s …
Photo by Eduardo Barrios on UnsplashInvesting in Health | March 1, 2023
How private investment in the care economy can work for care workers as well
The pandemic heightened awareness of the foundational role that caregiving plays in the US economy. Yet care infrastructure for childcare, eldercare, and other …
Impact Investing | February 28, 2023
Six trust-based practices to help investors shift power to communities
Often within the impact investing landscape, “impact” is defined by who we invest in and what we invest in. To truly create systems …
Impact Investing | February 26, 2023
War on Ukraine One Year Later: Response, Reconstruction, and Recovery
One year ago, the unthinkable happened: history, whose end had been (perhaps academically) proclaimed after the fall of the Soviet Union, came roaring …
Pulled from "Scaling Impact" coverImpact Voices | February 16, 2023
Six financial paradigm shifts needed to scale impact
Over my 20-plus years as a professional working on economic development, development finance, and impact investing, as both an investor and an advisor, …
Sustaining Impact | February 15, 2023
Beyond the fairy tale: Investment strategies that catalyze real impact
Editor’s note: This blog is part of ImpactAlpha’s series, “Sustaining Impact,” authored by participants in the Catalytic Capital Consortium (C3) Sustaining Learning Labs. Key insights …
The production of lithium from brine extracted from the Clayton Valley basinClimate and Clean Tech | February 13, 2023
EV supply chains are riddled with human rights abuses. Tech can help eliminate them.
More electric vehicles (EVs) were sold each week of 2022 than in all of 2011. Analysts expect this explosive growth to remain unabated …
Cover image on the State of the Global Mini-Grids Market Report 2020Catalytic Capital | February 2, 2023
Four principles to help catalytic investors optimize allocations and scale impact
Editor’s note: This blog is part of ImpactAlpha’s “Scaling Impact” series, authored by participants in the Catalytic Capital Consortium (C3) Scaling Learning Labs. Key insights …
Impact Voices | January 31, 2023
How Fair Food Network is reshaping investment norms to fight wealth inequity
Despite the good intentions and creative strategies of impact investors, extreme wealth inequity persists. The climate crisis will only deepen the divide, unless …
Oklahoma on the map of USAImpact Voices | January 30, 2023
Is ESG an emergency from which the public needs protection? Oklahoma legislators ride to the rescue.
Scores of anti-ESG bills were introduced in Republican-led states in January. The onslaught continues despite the more than $1.1 billion in financial costs …
- Agents of Impact
agents-of-impact | March 17, 2023
Ben McAdams, Sorenson Impact: Marrying public real estate and private capital (podcast)
What is the net worth of Salt Lake City? It’s a relatively straightforward exercise to total up the balance sheet of a company …
Agents of Impact | March 10, 2023
Laura Ortiz Montemayor, SVX Mexico and Regenera Ventures: Stewarding capital for Mexico’s regenerative economy
ImpactAlpha, March 10 – Laura Ortiz Montemayor is not on board with decarbonization or its advocates. “Carbon is key to life. It’s a …
Inclusive Economy | February 17, 2023
Rihanna: Shining star power on inclusion in music and business
ImpactAlpha, Feb. 17 – Years before this week’s elegant and understated Super Bowl appearance, Robyn “Rihanna” Fenty turned down the NFL’s invitation to headline …
Agents of Impact | February 3, 2023
Andrew Crosson, Invest Appalachia: Catalytic capital for community impact
ImpactAlpha, February 3 — Andrew Crosson was a decade deep in the work of community economic development in central Appalachia when he got …
Agents of Impact | January 27, 2023
Gary Forster, Publish What You Fund: Holding development finance institutions accountable for impact
ImpactAlpha, January 27 – Gary Forster left his job in logistics at Procter & Gamble to volunteer in Zambia, inspired by the 2005 …
Agents of Impact | January 20, 2023
Demetric Duckett, Living Cities: New decision-makers for the new majority (podcast)
ImpactAlpha, Jan. 20 – Building wealth for women and people of color is about numbers as well as equity. By mid-century, there will be …
Agents of Impact | January 13, 2023
Laurie Spengler, Courageous Capital Advisors: Structuring and designing finance for impact
ImpactAlpha, Jan. 13 – A small-business lender in the Mississippi delta. A microfinance bank in Uganda. A global development finance institution in London. Laurie …
Napoleon Wallace, Southern Reconstruction FundAgents of Impact | December 16, 2022
Napoleon Wallace, Southern Reconstruction Fund: Restorative capital for Black wealth
ImpactAlpha, Dec. 16 – Napoleon Wallace’s presence was all over the recent Mission Investors Exchange conference in Baltimore. …As the co-founder of Activest, which …
Agents of Impact | December 9, 2022
Eric Berlow, Vibrant Data Labs: Visualizing the flows of climate finance
“I love complexity,” says Berlow, founder of Vibrant Data Labs, a “social impact data science” group. An ecologist and data nerd, Berlow spent …
Fifty Years' Seth BannonAgents of Impact | December 2, 2022
Seth Bannon, Fifty Years: Big swings at big challenges (podcast)
ImpactAlpha, Dec. 2 – Back in 1931, Winston Churchill predicted we’d grow real meat without the animals. Last month, the U.S. Food and Drug …
Agents of Impact | November 4, 2022
Mia Mottley, Barbados: Shaping the global finance agenda.
ImpactAlpha, Nov. 4 – Barbados is an island nation of just 166 square miles and less than 300,000 inhabitants. But its leader, Mia …
photo credit: Jim Hill/CPR NewsAgents of Impact | October 28, 2022
Blake Jones, Kachuwa Impact Fund: Making co-ops work for investors, too.
Blake Jones is “a cooperative geek.” After co-founding four co-op enterprises, including Namaste Solar and Clean Energy Credit Union, he has brought the …
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