Impact investing is going mainstream. So says The Economist. As evidence, the publication cites big-name investment firms that have launched “impact” divisions (BlackRock, Goldman Sachs, Bain Capital, TPG) or appeared at impact events (TIAA, PGGM, AXA). Not coincidentally, the magazine is sponsoring its own impact investing event next month. Still, impact investing represents only about
Fresh from her lawsuit against her old firm, Kleiner Perkins, Pao will take a more forward-looking position with Kapor Capital’s Center for Social Impact. The venture capitalist will lead an effort to drive more women and minorities into tech, and into VC, where women make up 45 percent of the sector but only 11 percent
The loan is part of Invest in Visions’ microfinance group’s $5 million commitment to Ghana’s Beige Capital Savings and Loans, which offers banking, pension, insurance and investment services to small and mid-size businesses. Photo credit: Beige Capital
David Plouffe, who managed President Obama’s historic 2008 campaign, is leaving Uber to lead CZI’s policy and advocacy work. The $45 billion organization, founded by Facebook chief Mark Zuckerberg and his wife, Priscilla Chan, is looking to shift government healthcare research spending. Plouffe will work alongside Ken Mehlman, former head of the Republican National Committee,
President-elect Trump has claimed some high-profile job wins with big companies. But the future of employment is in small businesses. Carrier, Fiat, Ford and others have all recently pledged to create or keep jobs in the U.S. “I think a lot of industries are going to be coming back,” Trump declared at his press conference.
Three new grants will help develop “social impact bonds” in Utah and South Carolina. The Nonprofit Finance Fund has awarded $650,000 to design and structure the deals, in which private investors get repaid if the projects meet specific targets — and save taxpayers money. NFF has distributed $3.4 million in grants to develop pay-for-success projects on behalf
The venture capital firm, which runs its own startup accelerators, will invest its haul in companies targeting medical devices, robotics, food and life sciences. SOSV has backed 500 companies including MakeBlock, Clara Foods, NextThingCo, FormLabs, and Greenblender. The IFC, the Lemelson Foundation, the Russell Family Foundation and individual investors backed the firm’s third fund. Photo credit: FOOD-X.