Purpose Capital has recruited Upkar Arora as its new CEO.
Toronto-based Purpose Capital works with U.S. and Canadian investors to develop impact investing strategies.
Arora founded advisory firm Illumina Partners in 2002 and has been active in social-finance investing in renewable energy and community and social-impact bonds.
“The time was right to expand our capabilities and take our firm to the next level,” says co-founder Norm Tasevski.