World Vision Australia is introducing an endowment impact investing fund.
The Australian division of the Christian humanitarian aid organization is “soft-launching” its fund, while it explores investment options. It is targeting institutional investors and may eventually cater to retail investors as well.
World Vision will roll out products later this year, and is exploring grants, loans, impact bonds, convertible notes and venture equity.
“The shared value investment market is still very immature in Australia and in the last five years, there has been an appetite for it,” says World Vision’s Claire Rogers. “We’re on the cusp of commercialisation of this sector.”
Some forecasts say impact investing in Australia and New Zealand could grow to A$32 billion ($24 billion) by 2022 with a push from the government.