The new ‘alternatives’: How community development lenders are scaling up impact investing

  • The deployment of large amounts of capital for financial and social returns requires intermediaries rooted in both communities and the capital markets. That makes community development financial institutions well-positioned to serve the growing number of mission-driven investors.

What we know about Turner Impact Capital’s school, housing and health funds

  • Bobby Turner has teamed up with tennis star Andre Agassi on two Turner-Agassi charter school funds that have raised more than a half-billion dollars and have built 87 schools serving 45,000 students.
  • He has also enlisted actress Eva Longoria and basketball star Chris Paul as “ambassadors” (as well as investors) in two Turner Multifamily Impact Funds that acquire and preserve urban rental housing for families earning less than an area’s median income.