A new crop of private equity investors are seeking — and measuring — social impact in their portfolios without lowering their expectations for financial returns. Such “double bottom line” investors fueled the growth of private equity impact funds, to a total of $4 billion in assets under management, according to a new survey by PCV
Everybody is in favor of open data, it seems, except when it comes to their own. So it is in impact investing, where many investors say limited information about financial results and social and environmental impacts is keeping significant capital on the sidelines. But that doesn’t mean they’ll disclose their own results or deal terms.
I was intrigued by a line in the piece in the Financial Times by Alex Friedman, the chief investment officer at UBS and Patty Stonesifer, the former head of the Gates Foundation that urged investment managers and banks to step up their impact investing activity: “In today’s low-yield investment climate, impact investing is becoming more
The $25 million African Agricultural Capital Fund was billed as “first of its kind” when it was announced last year, but backers were a little hazy about exactly what it was the first of. A new case study of the five-party negotiations that led to the fund, issued by the Global Impact Investing Network, usefully
Virtual City, a mobile-technology company based in Nairobi, is redesigning its agricultural supply-chain system to help small farmers raise their incomes, through $1.5 million in convertible debt financing from Acumen Fund. The deal, announced last week, is an example of how financing from impact investors can help ventures in the developing world re-focus their existing
The Kauffman Foundation is bullish on entrepreneurship in Africa and will push it at the African Innovation Summit at the end of the week: Governments in the region seem to be valuing bottom-up movements for entrepreneurship in their efforts to set in motion a long-term economic growth strategy. According to the 2012 Doing Business report
Financial innovation got a bad rep in the financial crisis. But inside the well-barricaded Federal Reserve Bank in downtown San Francisco last month, the financial engineers were at it again. Teams of financial statistical whiz kids pitched complex new bonds, loan-guarantees, and hybrid structures of debt and equity. Their target? It wasn’t mortgages. It was