GIIN in the news Press releases

  • Sector is 'on the brink of a social entrepreneurship revolution'

    via Third Sectorby Jenna Pudelek

    January 23, 2014

    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'.

    From original article:

    "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."

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  • Rajiv Shah And Tony Blair On Impact Investing

    via Forbesby Rahim Kanani

    January 19, 2014

    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.

    From original article:

    "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."

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  • Merrill taps rich investors for ex-convict social-impact bond

    via Reuters

    December 29, 2013

    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.

    From original article:

    "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

  • Impact investing

    via The Guardianby Paula Goldman

    December 01, 2013

  • Indexing With Impact

    via Private Wealthby Anthony Greco

    November 25, 2013

  • 5 must-reads about entrepreneurship, funding, and scale

    via Devex Impactby Daniel Sacerio

    November 24, 2013

    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.

    From original article:

    "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."

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  • Goldman plans $250m ‘social impact’ fund

    via Financial Timesby Tom Braithwaite

    November 02, 2013

    Summary

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

    From original article:

    "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

  • Morgan Stanley Pledges $1 Billion to Boost Sustainability

    via Bloombergby Michael J. Moore & Zeke Faux

    October 31, 2013

  • Can you make money and feel good about it?

    via CNN Moneyby Virginia Harrison

    October 24, 2013

  • Social Stock Exchange – the rise of international competitors

    via The Guardianby David Floyd

    October 23, 2013

    Summary

    The Guardian profiles the rise of social stock exchanges, highlighting the newest exchange, Social Venture Connexion, which was launched in Canada.

    From original article:

    "The UK is no longer the only country in the world with a 'Social Stock Exchange'. SVX, short for Social Venture Connexion, was launched in Canada in September."

    Read original article

  • GIIN comes to Europe as impact investing industry grows

    via Allianceby Ivo Knoepfel

    October 21, 2013

  • Reflections on 2013 GIIN Forum

    via Allianceby Heidi Hafes

    October 20, 2013