• Summary

    Investment Europe highlights key findings from the GIIN/JP Morgan investor survey.

    "Widespread commitment to allocate 19% more capital to impact investments in 2014 compared to 2013 revealed by JP Morgan and the Global Impact Investing Network (GIIN) survey. 125 global investors, including fund managers, banks, foundations, development finance institutions, and pension funds surveyed by JP Morgan and GIIN expect to commit 19% more capital to impact investments in 2014 compared to 2013, as satisfaction with the financial returns and the social and environmental impact of these investments remains high."

    Read original article

  • Summary

    The New York Times discusses efforts to engage younger philanthropists, highlighting the topic of impact investing.

    "One topic that seemed to generate intense interest among the wealthy heirs was impact investing, which refers to a socially conscious form of investing that seeks to generate both a social benefit and a meaningful financial return."

    Read original article

  • Summary

    In a speech at the Mansion House in London, Sir Ronald Cohen, chair of the G8 Social Impact Investment Taskforce, tells Lord Mayor's Charity Leadership Programme that impact investment will 'characterise our times'.

    "Impact investment portends a real revolution, driven by innovation," he said. "It will settle over two or three decades between the $60bn of microfinance and the $3tn of venture capital and private equity. It will drive great innovation and it will come to characterise our times."

    Read original article

  • Summary

    In a joint interview, Dr. Rajiv Shah, Administrator of the U.S. Agency for International Development, and Tony Blair, former British Prime Minister discuss the state and future of impact investing.

    "Well the role of governance is crucial because you won’t get the investors to come unless the governments are able to absorb that investment and also treat it and handle it in the right way, so that means predictable and transparent rules that bring the investment in and doing business. It also means that you’ve got to have the capacity frankly on the part of the governments to be able to put together the right projects and take them out to the private sector."

    Read original article

  • Summary

    The State of New York announces the launch of the nation’s first state-led “Social Impact Bond” (SIB), a landmark deal driven by Social Finance. The $13.5 million capital raise is the largest to date globally and represents the first-ever SIB offering distributed via a leading wealth management platform – Bank of America Merrill Lynch – to qualified private and institutional investors.

    "Merrill Lynch and U.S. Trust reached out to some high-powered clients this quarter to invest in a social-impact bond whose proceeds finance a program to lower recidivism rates among ex-convicts in New York."

    Read original article

  • Summary

    In a list of five must-reads about entrepreneurship, funding, and scale, Devex Impact highlights the GIIN's Issue Brief on catalytic first loss capital.

    "As the impact investing field continues to grow and empower these ideas, how can funding be most effective? What can be done to remove barriers to scale? What is the role of philanthropy in bridging some of the funding gaps? Here are five reports that explore impact investment and entrepreneurship."

    Read original article

  • Summary

    The Financial Times profiles Goldman Sachs' launch of a $250 million social impact fund.

    "Goldman Sachs is launching a $250m “social impact” fund whose returns are linked to the success of projects such as affordable housing, pre-school education and how many young criminals commit new offences after leaving New York’s notorious Rikers Island prison."

    Read original article