How one fund manager tech’ed up its data management in search of impact alpha. SJF Ventures believed better, faster and smarter impact data could set them apart. The Durham, N.C.-based impact venture capital firm had outgrown its Excel spreadsheets. Collecting and analyzing impact data from dozens of investments in energy, food, education and health over two decades and four funds had become unwieldy. Worse, the outdated system was hampering the fund’s ability to build more impactful companies. Over the past year, SJF spoke with more than a dozen providers of technology for impact measurement and management and mapped the offerings for alignment with the U.N. Sustainable Development Goals and the Sustainability Accounting Standards Board, as well as for capabilities for benchmarking, visualization and surveys. Among the providers: Aeris Atlas, Impact Delta, Proof of Impact and Tablecloth. SJF gave ImpactAlpha an early look at the resulting report, which chronicles the journey, maps the platforms, and shares the firm’s analysis.
Dealflow: Green Infrastructure
Green infrastructure fund raises $741 million for renewable energy and efficiency in India. The Green Growth Equity Fund will be managed by Mumbai-based EverSource Capital, a joint venture between Indian private equity firm Everstone and BP’s renewable energy arm Lightsource BP. EverSource will invest in renewable energy, energy efficiency, e-mobility, resource conservation, and waste and water management. The company’s goal is to build a portfolio in support of India’s COP26 commitment to develop 500 gigawatts of non-fossil fuel energy capacity by 2030. The U.K.’s CDC Groupinvested $70 million as part of its billion-dollar climate funding commitment for India by 2026.
Podcast: Bridging the Skills Gap
Daniel Pianko, Achieve Partners: Finding the alpha in apprenticeships. “What’s the biggest problem you face?” Pianko likes to ask CEOs. If the answer is, “I can’t find enough trained people to do X,” the company is a good candidate for Achieve Partners. The New York-based private equity firm raised $180 million last year to acquire companies in healthcare, information technology and other industries facing skills shortages. Then it helps them create two-year apprenticeship programs and move newly trained workers into high-quality jobs. “In every company we acquire, we look to train at least 1,000 people a year,” Pianko said on ImpactAlpha’s Agents of Impact podcast. “We can do that across 10 companies, and train 10,000 people every year. And over the 10-year life of the fund put 100,000 Americans in good first jobs.”
Agents of Impact: Follow the Talent
Jonathan Pershing, a U.S. climate envoy under John Kerry, returns to the Hewlett Foundation to run its environment program, effective March 1… Tayler James, ex- of The Weather Channel, joins The Plug as director of research… Consulting firm FSG names Chirlie Felix, ex- of Teach For All, and Shumeca Pickett, ex- of consultancy Alfred Dewitt Ard, as managing directors.
Editor’s note: This article is sponsored by Johnson & Johnson Impact Ventures, which supports ImpactAlpha’s Investing in Health coverage. In partnership with J&J Impact Ventures, ImpactAlpha is exploring the …
Editor’s note: This article is sponsored by Johnson & Johnson Impact Ventures, which supports ImpactAlpha’s Investing in Health coverage. In partnership with J&J Impact Ventures, ImpactAlpha is exploring …