- “A global transformation is disrupting social and economic norms around the world,” says Richard Ditizio, the institute’s president. The programming is highlighting institutional peer pressure for proactive consideration of environmental, social and governance, or ESG, factors, he said. “Investors have a tool they can use to great advantage,” he told ImpactAlpha.
- The company has closed €760,000 ($848,000) from Swedish venture capital firm Almi Invest and two private investors.
- Amsterdam-based Project Cece makes ethical and sustainable fashion more accessible to people through an online marketplace that aggregates responsible brands.
- Most of the funding—$145 million—will be invested in financial institutions that lend to small businesses, while $50 million will be committed to Egyptian startup accelerators and venture capital funds that are fostering entrepreneurship.
- The Brief’s Big 9: Lower-cost capital, food disruption, BRAC’s bank, advice for advisors, impact accountability, Agent of Impact Serena Williams
- Follow the talent with ImpactAlpha’s weekly report on career moves, job openings, events and opportunities.
The transition took three years and required BRAC to divest majority control. DEG, the German development finance institution, Chicago-based Equator Capital Partners and Amsterdam-based Triple Jump each took 17% stakes. Enclude Capital Advisory, now owned by Palladium, ran the auction and structured the deal, a first for BRAC.