- The John D. and Catherine T. MacArthur Foundation is committing to invest $150 million in matching funds for investment managers and other intermediaries that can demonstrate the power of catalytic capital.
- The first $30 million investment, matched by $30 million from the Rockefeller Foundation, will seed investments in Rockefeller’s “Zero Gap” portfolio of innovative financial structures aimed at meeting the Sustainable Development Goals.
- The commitment is part of a new collaboration between the Philanthropy Northwest association of more than two dozen foundations and RBC Global Asset Management to support homeownership, affordable housing, healthcare clinics, job creation and small business creation in a five-state region in the northwest Unities States.
- Artists want to make art, not produce quarterly financial forecasting documents. But often they find themselves having to be both artist and chief financial officer, creative innovator and building manager.
- Place-based, blended finance through a racial lens. A $100 million commitment from Prudential Financial is a trifecta of impact investing trends.
- In theory, blended finance should leverage limited public financing to “crowd in” many times that amount in private capital. In practice, such leverage has been limited, according to a Dalberg review of 117 such blended financing deals. Overall, each dollar of public funding generated only about 79 cents of private investment.
Making the numbers work for building and preserving affordable housing has been tough in the San Francisco Bay Area, one of the highest-cost housing markets in the U.S. The new Partnership for the Bay’s Future, which announced a $500 million fund last week, found a way to square the circle: $40 million from the Chan
- Ceniarth’s Greg Neichin recaps the family office’s commitments last year of $32 million to the capital-preservation strategy.