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 [email protected].
– Dennis Price, editorial director
Agent of Impact
Monty Hamilton, CEO of Rural Sourcing. There were two types of workers in the small Mississippi town where Monty Hamilton grew up: farmers and factory workers or doctors and lawyers. “There were not a lot of new economy jobs,” he told ImpactAlpha. Hamilton joined Rural Sourcing in 2009 and now leads the IT services firm’s efforts to bring the benefits of tech-fueled growth to places that don’t get a lot of action. Bain Capital’s Double Impact fund took a majority stake this week. Rural Sourcing hires community college, university and tech bootcamp graduates at its hubs in Mobile, Ala., Fort Wayne, Ind. and other small cities, then staffs out their skills to companies looking for more agile IT and software development than most off-shore companies can provide.
Tech jobs at Rural Sourcing pay 40% to 50% more than the median income in its hub cities. Employees get a full package of benefits, and the company helps employees keep their skills fresh in a fast- changing sector, Hamilton says. Rural Sourcing is “committed to democratizing software development,” Hamilton adds. “Not everyone is willing or wants to trade costs and quality of life for opportunities in coastal cities. I saw a need to create opportunities for people to be able to live where they want to.” Follow ImpactAlpha on Instagram.
Read the full story: “Bain Capital’s Double Impact fund acquires tech employer Rural Sourcing.”
Seize the Opportunity
U.K.-based Bridges Fund Management is hiring a performance and operations manager for its stronger families initiative… Convergence, the blended finance network, seeks a senior associate or manager of design funding in Toronto… Next Street is hiring a director of finance and administration in New York… Calvert Impact Capital is looking for a loan administrator, a communications analyst and an investor relations analyst in Bethesda, MD… Terra Alpha Investors seeks an investor relations associate in Washington D.C…
New Island Capital is looking for a vice president for real assets in San Francisco… Educate Global is hiring an investment principal and investment director in Nairobi… CDC Group is hiring a manager of corporate strategy in London… GlobalGiving seeks a director of business partnerships in Washington D.C…. Morgan Stanley Global Sustainable Finance is looking for an associate in New York… AlphaMundi is recruiting an investment associate and investment analyst in Bogotá…
The Global Innovation Fund is looking for an investment associate in Washington D.C. or London… Solar nonprofit Solstice is looking for a deputy executive director in Cambridge, Mass…. Palladium is hiring an associate director and analyst on its capital advisory services team… The U.S. Treasury’s CDFI Fund is looking for a compliance and certification officer and a senior origination analyst… The W.K. Kellogg Foundation is hiring two investment analysts… Village Capital seeks a manager of sustainability practice in Washington D.C…. New Ventures Mexico is recruiting a development coordinator, a media and alliances manager and an analyst in Mexico City.
Follow the Talent
Beeck Center’s Sonal Shah joins the Federal Reserve Bank of New York’s new fintech advisory group… Mark Newberg, ex- of Womble Bond Dickinson, launches Stockbridge Advisors as an impact and ESG consulting firm, and joins Beeck Center as a project fellow for Opportunity Zones… Anuj Shah joins London-based strategy firm KKS Advisors as managing director of US operations in Boston… Backstage Capital launches Backstage Crowd to let angel investors join Backstage deals.
Apply, Respond, Submit
Roots of Impact is looking for ventures focused on vocational skills in Latin America and the Caribbean to test social-impact incentives (see, “Impact-linked financial rewards help high-impact companies attract growth capital”).
Where to Be
Convergence hosts a blended finance training course May 13 in Washington, D.C…. The European Venture Philanthropy Association hosts an impact investing program in Singapore on June 24, in advance of the Asian Venture Philanthropy Network’s annual conference, June 25-28… Impact law network ESELA is convening its annual conference, “The Impact Revolution: The Role of Law and Lawyers,” at the London School of Economics April 12.
That’s a wrap! Help the growing ImpactAlpha community follow your talent: Send your own job moves, new opportunities and event announcements to [email protected].