Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Gender-lens across asset classes, breakthrough energy investments, Urban-X’s city startups, Reinvestment Fund’s $75-million impact bond



Greetings, ImpactAlpha readers!

Featured: ImpactAlpha Original

Investments products that benefit women are proliferating across asset classes. Gender-lens investors that seek to improve the lives of women and girls have a growing choice of fixed-income and equity strategies in private and public markets. Community Capital Management, for example, is finding fixed-income gender-lens opportunities in mortgage-backed securities, taxable municipals, and asset-backed securities. On behalf of the Congregation of the Sisters of St. Joseph, CCM invested in a mortgage-backed security comprised of loans to low- and moderate-income minority women. For the Cordes Foundation, CCM found a taxable municipal bond that financed a science and technology center and student union at Texas Woman’s University. Calvert Impact Capital and Root Capital offer fixed-income vehicles that benefit women in emerging markets.

“For gender-smart investors, there are now opportunities across asset classes,” says Suzanne Biegel, a gender-lens investing pioneer who is producing the first Gender-Smart Investing Summit in London next month. Biegel has tallied more than $2 billion in assets invested with a gender lens in both fixed income and equity strategies in private and public markets. A new report from Cambridge Associates suggests that “empowering women in the workforce positively impacts society and the economy, and can also boost a company’s profitability and return on investment.” Says Cambridge Associates’ Deborah Christie, “An institutional investor who looks at strategies through a ‘gender lens’ may see excellent opportunities they may have otherwise missed.”

Keep reading, “Investments vehicles that benefit women are proliferating across asset classes,” by Dennis Price on ImpactAlpha.

Agents of Impact gathering. ImpactAlpha is hosting a reception Friday, Nov. 2, in collaboration with the Gender-Smart Investing Summit in London. Sign up here for more information.

Dealflow: Follow the Money

Billionaires’ Breakthrough Energy Ventures makes seven investments. The $1 billion fund invested in seven ventures spanning fusion (Commonwealth Fusion Systems) and geothermal energy (Fervo Energy), biofuels (DMC Biotechnologies), climate-friendly concrete (CarbonCure) and battery storage (QuantumScape). The fund’s extremely patient capital – investments can span 20 years – is intended to help early-stage companies develop technologies for the deep decarbonization required by 2050. Backers of Breakthrough Energy Ventures include Bill Gates, Jeff Bezos and Jack Ma. It has made nine investments, committing about 10% of its fund. Learn more.

Beyond Advisors’ Vegan ETF screens out animal cruelty. Vegans were bound to grab the attention of the financial markets, given the burst of investment in a meat-free future. Investment firm Beyond Advisors has registered a vegan exchange-traded fund, or ETF, built around companies that avoid “business activity that harms animals.” The ETF is based on the firm’s U.S. Vegan Climate Index, which screens out companies involved in animal testing, animal-derived products and animals used for sport or entertainment. Check it out.

Urban-X graduates target city life and infrastructure. The city startup accelerator, a partnership of venture firm Urban Us and BMW-Mini, graduated seven startups from its fourth cohort in Brooklyn. They included Avvir, which uses lasers to scan construction sites for defects, and ClearRoad, which helps government agencies capture revenue for road infrastructure. Dig in.

Signals: Ahead of the Curve

Reinvestment Fund taps capital market to raise a $76 million ‘impact investment bond.’ Public bond markets are becoming a reliable new source of capital for community development financial institutions that lend to low-income communities. A successful $76 million offering by the Reinvestment Fund, a nationwide “CDFI” based in Philadelphia, pushed total capital raised through four general-obligation bond offerings since last year to more than $350 million. Reinvestment Fund itself raised $50 million in one of the first such bond offerings last year. “We are pleased to be participating in the transformation of the socially responsible lending industry,” said Reinvestment Fund’s Donald Hinkle-Brown. Last year, the Local Initiatives Support Corp. and Capital Impact Partners, also S&P-rated CDFIs, raised $100 million each through public offerings. More details.

Agents of Impact: Follow the Talent

Suzie Riddell is the new CEO of Social Ventures Australia… Sonya Sbar is in as managing director of business development at MicroVest… The Unreasonable Impact World Forum kicks off Thursday in London… Uncharted is recruiting a director for its accelerator program.

October 3, 2018.

You might also like...