Bamboo Finance Raises First $10 Million for New African Ag Fund

Bamboo Finance is moving to fill the financing gap for small- and mid-sized African agribusinesses. The Luxembourg-based private equity firm has raised the first $10 million for its planned $50 million “Nisaba” impact fund from Louis Dreyfus Holding, a major global agriculture conglomerates. Bamboo expects to achieve a first close and begin making investments by mid-2016. Bamboo

Bean Counters’ New Tool: Credential in Sustainability Accounting

Are sustainability factors material to the company? There’s now a credential for the financial professionals charged with analyzing such issues. The Sustainability Accounting Standards Board (SASB), a non-profit organization, has established a credential to help professionals identify the issues that can impact the financial performance of a company. The  Fundamentals of Sustainability Accounting (FSA) Credential consists of a two-part test: a Level I exam,

Lessons from Packard Foundation’s $750 Million in Mission Investments

As more foundations start to deploy impact investments to accomplish their philanthropic goals, some pioneers in the field of mission investing are sharing their hard-earned lessons to perhaps boost the confidence of recent adopters. The David and Lucile Packard Foundation, for example, with a $180 million mandate for impact investments, has released an outside analysis,“Mission

New Index Tests ‘Climate Leadership’ as a Market Signal

A new index of public equities is designed to reward “climate leaders” and punish “climate laggards” while perhaps delivering outperformance for investors as well. Etho Capital‘s Climate Leadership Index (ECLI) is designed to meet the criteria of the fossil-fuel divestment movement by screening out oil, coal and natural gas companies. It also screens out companies with generally

UK Youth Employment Social Impact Bond Hits Payout Milestones

Investors who backed a  pay-for-success program in London have been alerted that the “success” part has panned out. The “social impact bond,” or SIB, raised £900,000 ($1.4 million) to boost at-risk youth employment. It was backed by UK’s Department for Work and Pensions. Now that the program has met its outcomes targets required, the agency

Sonen Capital: Put Foundation Endowments to Work for ‘Total Impact’

At Sonen Capital, we believe that capital markets can and should help solve the world’s pressing environmental and social issues, while at the same time delivering market-based financial performance. For foundations in particular, impact-oriented investment portfolios have enormous potential to amplify philanthropic programming and grant making. Too frequently foundations invest at cross-purposes by investing their corpus

Lending for African Farming

Social lenders such as Root Capital have pioneered financing for smallholder producers of export crops like coffee, cocoa, and tea. Now, Root is seeking to help build agricultural businesses that serve local staple crop markets as well — a financing market that may be 10 times as big. Root, together with Germany’s KfW Development Bank and agriculture impact