New Zealand’s first domestic impact fund reaches first close

Inclusive Economy The Impact Enterprise Fund claims to be the first domestically-focused impact fund in New Zealand PC: New Ground Capital The Impact Enterprise Fund, a partnership between Ākina Foundation, New Ground Capital and Impact Ventures, has raised NZ$8 million ($5.8 million) to invest in local startups tackling issues in sustainable food production, agriculture, healthcare, clean energy,

Ethical-consumer app raises $2 million

Conscious Consumers, a New Zealand-based startup, helps socially minded consumers find businesses near them; 500 businesses and 20,000 customers have registered on its app. The $2 million in funding was led by Soul Capital, with backing from investment firm K1W1 and Richard Collier-Keywood, who is the former U.K. managing partner for PwC. Conscious Consumers will use the

Doing impact deals Down Under

Australia this year has been aggressively building up its impact-investing infrastructure, an effort championed by Prime Minister Malcolm Turnbull. Now a group of students behind the Impact Investment Hub are making it easier to find impact investing opportunities. The team has built a Current Deals Library, which provides snapshots of open investments in the country

Australian impact bond targets youth homelessness

The government of New South Wales is leading a program called Foyer51 to provide housing and support services to young adults leaving Australia’s foster-care system. Exiting foster care “can be the ‘end of the road’” for continuing support when youths turn 18, putting them at a higher risk of homelessness, says Bob Mulcahy, director of

Australian insurer turns $91 million in premiums into impact investments

QBE has pooled $91 million from its Premiums4Good initiative, which allows customers to invest 25% of their insurance premiums in social infrastructure, impact bonds and environmental initiatives. It’s a small share of the insurer’s £20 billion in investments, but the company expects it to become a growing part of its portfolio. QBE launched the initiative

A community model for dementia care gets backing from Australian pension fund

The Korongee village community in Tasmania will have 15 homes, a supermarket, cinema, and public spaces where residents can move freely and safely. The new model of care attracted $19 million from HESTA, Australia’s largest “superannuation,” or pension, fund, from its $30 million Social Impact Investment Trust. Australia has a shortage of facilities and services for