Stay Connected with ImpactAlpha

Get ImpactAlpha Open, our free weekly newsletter.

By signing up you agree to receive marketing emails from ImpactAlpha Inc. and accept our Terms of Service and Privacy Policy.

The Brief

Read by thousands of impact pros daily

container farm
April 24, 2024 | ImpactAlpha

Greetings Agents of Impact! In today’s Brief: Featured: LP / GP Family offices warm to investment opportunities in the climate transition. As much

Today’s brief

Featured: LP / GP

Family offices warm to investment opportunities in the climate transition. As much as $200 trillion in investment is needed by 2050 to reach net-zero greenhouse gas emissions, according to BloombergNEF. That’s many multiples of today’s level of climate investments. The more than 4,500 family offices globally that manage $6 trillion in wealth are poised to play a critical role in getting philanthropic and investment dollars off the sidelines and into climate solutions. “These are trillion-dollar issues,” writes Bruce McNamer of Builders Initiative, the grant and catalytic investment arm of Walmart heir Lukas Walton's Builders Vision. “To move these transitions forward faster, we need to attract and unlock additional capital.” The family office makes R&D grants for promising innovations, investments to bring technologies down the cost curve, anchor investments in early stage companies and funds, and it engages with public companies and its family office peers. Says McNamer, “It is the ability to engage in these kinds of wide-ranging capital deployment and influencing activities that make family offices potentially important players.”

Podcast: Agents of Impact

Franchising indoor farms to build a billion dollars in Black wealth (podcast). Two years ago, Loren Taylor missed out on becoming mayor of Oakland, Calif. by 677 votes. “But who’s counting?” jokes Taylor on this week’s Agents of Impact podcast. The biomedical engineer-turned-city council member has turned to business to tackle racial wealth gap. As CEO of Zarû Systems, he has the ambitious goal of growing Black wealth by a billion dollars through 1,000 businesses worth at least $1 million each. “We’re focused on bridging the racial wealth gap – unapologetically,” Taylor says. Zarû’s first business application: modular, turnkey indoor farms run by local owner-operators.  

Dealflow: Inclusive Communities   

Next Billion raises capital to invest in digital infrastructure and services in Latin America, Asia and Africa. The investment firm Next Billion Capital Partners funds tech ventures supporting access to basic services in emerging markets. It reached a first close for its debut Digital Growth Fund with backing from Impact Engine, Capricorn Investment Group, responsAbility and other investors. The fund provides up to $15 million in growth equity to companies delivering financial services, insurance, healthcare and education to women, low-income households and small businesses in Asia, Latin America and Africa. Next Billion is looking to raise $250 million.

Signals: Inclusion Alpha

FreeCap’s ‘decarceration index’ highlights companies that are outcompeting with fair-chance hiring. The US economy is generating more jobs than there are workers to fill them. To address shortages and compete for talent, companies like Walmart, Apple, Alphabet and JPMorgan Chase are recruiting, training and hiring from a pool of more than 70 million formerly incarcerated workers, who have faced rampant discrimination in the job market. A new "decarceration index" from FreeCap Financial helps investors identify companies with leading fair-chance hiring practices. Companies “able to hire people with arrest records are going to be in a better position to compete in the labor market in the future,” says Tanay Tatum-Edwards of FreeCap. The data provider that helps quantify the prison industrial complex for investors. 

Agents of Impact: Follow the Talent

Economist Lawrence Summers joins the advisory board of residential solar provider Palmetto… Runway is hiring a chief lending officer… Gavi is hiring a head of private sector partnerships and innovation in Geneva… Also in Switzerland, Impactful Business Networks is recruiting a global CEO.

Subscribe to ImpactAlpha

Find the alpha in impact.

  • What comes with a subscription?
    • The Brief: Award-winning daily newsletter
    • Full Access: Unlimited, ad-free articles on ImpactAlpha.com
    • Community: Exclusive Slack channels, calls and events
    • Career Hub: Job board and career-building resources
    • Data and tools: Open funds database, climate deal mapping, and more.

Impact Voices

Editorials and guest essays from impact professionals

Deploy!

Following the energy transition to every community

Ownership Economy

Strategies for wealth-creation and shared prosperity

Career Hub

Build your impact career on ImpactAlpha

Careers | Aunnie Patton Power and Ashley Lewis
10 tips to speed your transition to an impact finance career

There is no denying that impact finance is one of the most sought after spaces in finance right now, but what does it

NEW Job Board

    • Full Time

    Finance Manager

    • Full Time

    Climate Venture Finance Associate (remote, flexible)

    • Full Time

    Manager, Impact Investing Consultancy

Load more listings
Search the Job Board