Follow the Talent: Agents of Impact special report for Aug. 16



Greetings, Agents of Impact!

Welcome to ImpactAlpha’s weekly “follow the talent” roundup of impact investing career moves, job openings, events and opportunities. Help the growing ImpactAlpha community follow your talent: Send job moves, mandates, event announcements and other news to editor@impactalpha.com.

– Dennis Price, editorial director

Agent of Impact 

Daryn Dodson of Illumen Capital. Dodson launched Illumen Capital, an impact investing fund of funds, on the thesis that managers could better focus on value by overcoming racial and gender bias. The former Calvert Funds consultant and Ben and Jerry’s board member teamed up with Stanford researchers to train fund managers in which Illumen invests in bias-reducing interventions, an ‘impact alpha’ investment strategy. Dodson became convinced the absence of minority-led funds is not a function of the “pipeline” of talented managers. Instead, he argued, allocators are overlooking and undervaluing qualified women and fund managers of color. This week the thesis was vindicated by new research, co-authored by Dodson, that confirms asset allocators at pension funds, university and foundation endowments and other institutions hold clear biases, implicit or otherwise, against funds led by high-performing Black males. Shrinking their set of investable opportunities, Dodson told ImpactAlpha, “is a good way to diminish the possibility of returns.”

The implications of the study, Race influences professional investors’ financial judgment,” could further open the door already cracked by a growing number of Black and Brown-led venture firms. “This is intense. And vindicating,” tweeted Backstage Capital’s Arlan Hamilton, who has built a portfolio of 130 companies led by women, people of color, and/or LGBTQ founders. Other Black and Brown-led venture capital firms unlocking undervalued assets include Impact America Fund, New Voices FundHumble VenturesUnshackled VenturesHarlem Capital and Cross Culture Ventures. Institutional investors, take note, and don’t say Dodson didn’t tell you so. – Dennis Price

Seize the Opportunity

ImpactAlpha is hiring: Director of Growth. Hot business trend meets scalable media model. Our new Director of Growth will drive subscription marketing to grow recurring revenues so we can serve the growing community of Agents of Impact even better. Join ImpactAlpha’s team (and spread the word).

Luminate is recruiting a finance and operations director in Washington DC and a head of information technology in London… Rockefeller Foundation is looking for an associate of innovative finance in New York… The Sorenson Impact Center seeks a manager of impact investing and a senior associate of impact investing in Salt Lake City… Community Outcomes Fund at Maycomb Capital is hiring an investment associate in Brooklyn… The Yield Lab is looking for a principal in Europe… Ford Foundation is recruiting a senior program officer for its mission investments team in New York… REDF seeks an associate director of impact lending in San Francisco… 

Kiva is looking for a senior risk manager in San Francisco or Portland… CDC Group is hiring an investment manager of energy access, efficiency and infrastructure in London…  Ariel Investments is looking for an environmental, social and governance (ESG) analyst in Chicago… Fair Trade USA is recruiting a manager of research and learning in Oakland… The Global Steering Group for Impact Investing seeks a service manager for its National Advisory Boards in London or Paris… Makerhoods is hiring a director of community in Newark.

AgDevCo is hiring an analyst in London… Charity Bank is looking for a compliance and financial crime officer in Tonbridge, U.K.… Investir&+ is recruiting a partner in Paris… Nike Valiant Labs seeks an entrepreneur-in-residence for emerging markets in Portland, Singapore, Mexico City or remote… World Benchmarking Alliance is hiring a research analyst… The Global Development Incubator is looking for a branding, marketing and communications lead in Washington DC, New York, or San Francisco.

Follow the talent

Ed Cremean joins KEEN Growth Capital as vice president of operations. Simone Luke joins the Orlando-based impact investing fund as vice president of strategic sales; Sally Maxwell joins as senior financial planner and analyst… Edtech startup Kinvolved is hiring a director of K-12 client success in New York… Victor Hwang is leaving the Kauffman Foundation, where he has served as vice president of entrepreneurship… 

Brenda Boone joins the board of directors at Cornerstone Capital GroupSandra Sainz, ex- of Cantera Capital, joins Promotora Social Mexico as investment officer of impact investing… Luis Ubiñas, former president of the Ford Foundation, joins the board of CDFI-certified fintech company AuraLand O’Lakes International Development rebrands as Land O’Lakes Venture37 (farmers grow crops and raise livestock on 37% of Earth’s land).

Get smarter

Plug in to the ThePLUG, a new Black innovation economy publication from journalist (and ImpactAlpha contributor) Sherrell Dorsey. ImpactAlpha subscribers get 10% off ThePLUG’s annual or monthly subscription.

Where to be

Register now for the Latin American Impact Investment Forum for Central America and the Caribbean, November 13-14 in Antigua, Guatemala.

That’s a wrap! Help the growing ImpactAlpha community follow your talent: Send your own job moves, new opportunities and event announcements to editor@impactalpha.com.

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