Barron’s PENTA promotes the launch of a new $150M initiative created by the John D. and Catherine T. MacArthur Foundation, the Rockefeller Foundation, and the Omidyar Network, which was announced at the GIIN’s recent annual Investor’s Council meeting. This new initiative, called the Catalytic Capital Consortium, aims “to unlock billions, or even trillions, of further investment into solutions that achieve the United Nations’ Sustainable Development Goals, or SDGs, by providing investment capital ‘that is patient, risk-tolerant, concessionary, and flexible,’ unlike conventional capital that aims for market-rate returns.” Julia Stasch, President of MacArthur, says “Catalytic Capital can help create proof points of future profitability, and they can be part of a blended approach that makes it possible for financing to be available to populations and places that would not otherwise be possible.” The initiative will also give $10 million in grants over the next three years to further develop the market.

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