You have an investment thesis, a deal pipeline and a committed set of limited partners. You’ve overcome biases against impact investing, emerging markets and – especially – first-time fund managers. You’ve closed your first Latin American impact investing fund and now can focus on investing in promising entrepreneurs. For about a minute. Then it’s time to
- Even before Opportunity Zone legislation arrived last year, providing tax incentives for investments into low-income neighborhoods, Launch Pad had begun the expansion of its New Orleans co-working space and business incubator to Newark, Nashville and Memphis.
- Now the firm has raised a $1.33 million seed round to jumpstart its expansion inside Opportunity Zones around the country.
- Private-equity giant KKR hasn’t yet closed its planned $1 billion Global Impact Fund, but it has been busy warehousing deals.
- Limited partners are demanding more rigorous impact underwriting by fund managers. But successful projects also require ongoing impact management to deliver successful investments.
- It has become a minor tradition for ImpactAlpha (a media sponsor of the Economist conference) to “name check” the headliners.
- "In all of these markets, the competitive advantage of the companies we’re working with is trust,” MDIF’s Harlan Mandel told ImpactAlpha. Reliable news businesses in politically risky and economically distorted environments, he says, are undervalued by investors.
- Place-based, blended finance through a racial lens. A $100 million commitment from Prudential Financial is a trifecta of impact investing trends.