Dealflow | March 16, 2017

SOCAP spins out of MissionHUB under new investor group

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The 10th anniversary gathering of SOCAP in San Francisco in October will convene under new ownership.

An investment group led by Robert J. Caruso of Kantian Social Ventures, has acquired a majority stake in the Social Capital Markets conference.

SOCAP is spinning out of MissionHUB LLC, which remains a minority owner and co-founders Rosa Lee Harden and Kevin Jones and the core event team will remain on board.

The new investor group includes “mission-aligned impact investors”; John Morris of V2V Associates helped pull the deal together.

The new structure is intended to “allow SOCAP to independently ramp up its efforts” to build the impact investing market and reach mainstream audiences.

The first effort under the new owners will be the launch of “The Good Capital Project,” in New York in June, an 18-month effort “to drive greater collaboration and accelerate capital flows into purpose-driven investments.”

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: SOCAP