• Summary

    Luther Ragin, President and CEO of the GIIN and former CIO of the F.B. Heron Foundation, argues that impact investing meets financial and philanthropic expectations.

    "Is impact investing - investing with the aim of generating tangible social and environmental benefits alongside a financial return - a viable strategy? The practice has its skeptics, but even the unconvinced must recognise the growing list of successful investments and initiatives that point squarely at a burgeoning marketplace."

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  • 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."

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  • 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."

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    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."

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    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."

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  • 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."

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