ImpactAlpha, May 26 — The Catalytic Capital Consortium, or C3, formed by the MacArthur and Rockefeller foundations and Omidyar Network, aims to expand the use of patient, risk-tolerant, concessionary and flexible capital (see, “Catalytic capital: Reshaping risks and rewards to make markets work”).
The consortium is allocating $650,000 in grants to Latimpacto in Latin America and venture philanthropy networks in Asia, Africa and Europe to help expand the use of catalytic capital to advance inclusion, health and climate action. C3 last year provided funding to more than a dozen research projects to expand the evidence base of what’s working.
Bridging capital gaps
“Africa remains a major impact opportunity in the world but is largely held back by inadequate financing for social investments,” said African Venture Philanthropy’s Frank Aswani.
He said the network will train African grantmakers and investors in catalytic investing, “thus enhancing their ability to work with and mobilize private capital for sustainable impact on the continent.”
