🎧 Impact Briefing. ImpactAlpha’s Amy Cortese speaks with Full Cycle’s Stephan Nicoleau at the start of COP 28 to hear what he’s expecting - and hoping for - at the global climate summit in Dubai. Host Brian Walsh has the headlines.
The Week's Dealflow
Deal spotlight: Blending global insurance assets for impact. The new $1.1 billion SDG Loan Fund is significant for the use of catalytic capital, in the form of a $25 million guarantee from the MacArthur Foundation and a $111 million first-loss reserve from the Dutch development bank FMO. Equally significant is whose capital is being catalyzed. “All investors in the fund are European insurance companies that are sustainability shapers in their respective countries,” said Nadia Nikolova of Allianz Global Investor, the asset management arm of the German insurance giant that was the largest provider of senior capital for the SDG fund. Insurance companies worldwide manage more than $41 trillion in assets. And, together with pension funds, they represented the largest increase in allocations to impact investing, with a compound annual growth rate of 32% between 2017 to 2022, according to the Global Impact Investing Network.
The Week's Talent
Doreen Kubu, ex- of ABNO Softwares International, joined Mercy Corps Ventures as a junior investment analyst… Felipe Passos, former senior accounting analyst at BlueHub Capital, joined Social Finance as a senior associate on its impact finance operations team… Impact Investing Ghana appointedAmma Gyampo, CEO of ScaleUp Africa, as a new board member.
On this week’s podcast, David Bank joins host Brian Walsh to chart the year ahead in impact investing. We also get a sneak peak of Bank’s conversation with Jigar Shah from Generate Capital. Plus, the headlines.