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Our Staff Writers and Editors offer insights on the latest news, events, interviews and other happenings from the development through enterprise and base of the pyramid universes
Friday, October 24, 2014 — No Region Specified

Impact investing won't replace philanthropy but will push firms towards CSR, says Rockefeller Foundation Chief

Source: Economic Times

A Q&A with Judith Rodin, the president of the Rockefeller Foundation.
Monday, October 20, 2014 — No Region Specified

PRESS RELEASE: RBC Global Asset Management Announces $50 Million Impact Investing Initiative

Source: CNN

RBC Global Asset Management today announced an agreement with Community Reinvestment Fund, USA to purchase and service up to $50 million in loans to support affordable rental housing as part of the RBC Access Capital Community Investment Strategy.
Wednesday, October 15, 2014 — No Region Specified

PRESS RELEASE: Morgan Stanley Alternative Investment Partners Strengthens Global Private Equity Impact Investing Capabilities

Source: Market Watch

David Wilton Joins Morgan Stanley from International Finance Corporation.
Tuesday, October 14, 2014 — No Region Specified

New Calvert chief sees two trends in sustainable investing

Source: Washington Business Journal

John Streur, incoming CEO of Calvert Investments Inc., sees "two broad trends that are really coming together to shape and influence socially responsible investing."
Thursday, October 9, 2014 — No Region Specified

RSF Social Finance Makes a Loan to Madécasse

Source: 3BL Media

RSF is pleased to announce a new loan to Madécasse, a social enterprise that makes chocolate and vanilla products in Africa. RSF provided a line of credit that will allow Madécasse to finance their inventory purchases and assist with cash flow gaps throughout the year.
Thursday, October 9, 2014 — Sub-Saharan Africa

Private Equity Fund Leapfrog Exits From Kenyan Insurer

Source: AllAfrica

Private equity fund LeapFrog Investments has exited a Kenyan insurance firm in which it first injected capital in 2011.
Monday, October 6, 2014 — No Region Specified

Socially Responsible Investing Around the Globe Isn’t Easy

Source: The Wall Street Journal

Socially responsible investors—who seek to marry long-term competitive financial results with social objectives—have to tangle with a number of risks in emerging markets.
Friday, October 3, 2014 — South Asia

Philanthropic capital should be invested more strategically for poverty alleviation: Country Director, Acumen Pakistan

Source: Business Recorder

Farrukh H Khan is the Country Director & CEO of Acumen Pakistan and one of the leading independent business and financial advisors in the country.
Wednesday, October 1, 2014 — No Region Specified

Will There Be Enough ESG Investing Opportunities To Meet Demand?

Source: Financial Advisor Magazine

So-called “responsible” investing is gaining cred both with retail investors and institutional investors. But as Cerulli Associates points out in a recent report, the question is whether growing interest in green or responsible investing will translate into more investible opportunities in this space.
Tuesday, September 30, 2014 — No Region Specified

Green Divestment Movement Still in Its Infancy Despite Rockefeller Coup

Source: Philanthropy

In announcing last week that it would purge its portfolio of fossil fuel investments, the Rockefeller Brothers Fund did more than make a financial decision; it joined a movement.
Tuesday, September 30, 2014 — South Asia

How Agent Orange helped spawn the Socially Responsible Investing movement

Source: Green Chip Stocks

Sustainable, socially responsible mutual funds would not exist without agent orange.
Tuesday, September 30, 2014 — No Region Specified

PRESS RELEASE: TriLinc Global Impact Fund Makes Impact Investments in Kenya, South Africa and Argentina

Source: Business Wire

TriLinc Global Impact Fund announced today that it has approved a total of $9.9 million in trade finance facilities to a Kenyan, a South African and an Argentine company, bringing total financing commitments as of September 29, 2014 to $38.1 million for business expansion and socioeconomic development through its holdings in Latin America, Africa and Southeast Asia
Friday, September 26, 2014 — No Region Specified

Why It’s Hard to Divest From Fossil Fuels (Even If You Want To)

Source: Time

Climate change activists are pushing for investors to get out of carbon polluters. What are the options for individuals using mutual funds?
Wednesday, September 24, 2014 — No Region Specified

Major donors launch new fund to support innovation

Source: Devex

For some time now, major bilateral donors have been working independently to fund innovations and support startups, but a group of them announced Tuesday a new fund where they will pool capital to spur creative, pioneering interventions to tackle global development challenges.
Wednesday, September 24, 2014 — No Region Specified

Bank of America Announces $10 Billion Catalytic Finance Initiative to Accelerate Clean Energy Investments

Source: UNEP.org

New York, 23 September 2014 - Bank of America today announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects.
Wednesday, September 24, 2014 — Latin America

PRESS RELEASE: Accion Acquires 10 Percent Stake in Peruvian Microfinance Institution Credinka

Source: Accion

Boston, MA and Lima, Peru, September 24, 2014 – Accion, a leader in microfinance, today announced its purchase of a 10 percent stake in Peruvian microfinance institution Credinka from majority stake holder Diviso Grupo Financiero.
Wednesday, September 24, 2014 — No Region Specified

Why the Rockefellers are betting on renewable energy

Source: The Week

Sure, it's mostly symbolic. But the global energy business is also on the cusp of a dramatic transformation.
Tuesday, September 23, 2014 — No Region Specified

PRESS RELEASE: CGAP CEO Ehrbeck Will Join Omidyar Network As Partner

Source: Press Release

Omidyar Network today announced that Tilman Ehrbeck will join the philanthropic investment firm as a partner. Based in Washington D.C., Ehrbeck will oversee Omidyar Network's Financial Inclusion, Impact Investing, and Property Rights initiatives. Omidyar Network Managing Partner Matt Bannick made the announcement during the Clinton Global Initiative Annual Meeting in New York.
Thursday, September 18, 2014 — Latin America

IDB Launches USD $500 Million Education, Youth and Employment Bond

Source: 3BL Media

Citi priced a $500 million four-year Education, Youth and Employment (EYE) bond on behalf of The Inter-American Development Bank (IDB or IADB) on Tuesday – a first-of-its-kind investment vehicle, created with the support of Citi Microfinance.
Wednesday, September 17, 2014 — Asia Pacific

Japanese Global Health Fund awards $33.5 million to develop vaccines, drugs for neglected diseases

Source: EurekAlert!

The Global Health Innovative Technology Fund (GHIT Fund), a new public health partnership that is bringing Japanese know-how and investment to the global fight against infectious diseases, today announced seven grant investments totaling US$15.3 million to speed the development of promising drugs and vaccines to battle three insect-borne diseases—malaria, dengue and Chagas disease.
Wednesday, September 17, 2014 — No Region Specified

To Grow Impact Investing, Focus on Multilingual Leadership

Source: Huffington Post

September 15, 2014, will be remembered for the release of a seminal report on impact investing, care of an international taskforce backed by eight country advisory boards and four topical working groups.
Thursday, September 11, 2014 — No Region Specified

PRESS RELEASE: Alliance for Financial Inclusion Reveals New Home in Malaysia and New Funding Partner With Omidyar

Source: Market Wired

AFI announced today that Malaysia, represented by Bank Negara Malaysia (BNM), will be the new host country for the Alliance for Financial Inclusion.
Thursday, September 11, 2014 — No Region Specified

Why This VC Firm Thinks B Corporations Are A Good Investment

Source: Fast CoExist

The Collaborative Fund believes that B Corp social good certification is a signal that startups are making decisions that are better in the long term.
Thursday, September 11, 2014 — Sub-Saharan Africa

PRESS RELEASE: World Bank Group’s billion dollar private sector health initiative in Africa is failing to reach the poor

Source: Oxfam

A billion-dollar flagship scheme to support private sector-led health care in Africa is bypassing poor people and concentrating instead on high-end urban hospitals catering mainly for the rich.
Wednesday, September 10, 2014 — No Region Specified

Investing to Make a Difference Is Gaining Ground

Source: New York Times

Interest in impact investing, which has been around for more than a decade, is growing and changing. Some $3.74 trillion, or 11 percent, of total United States assets under management were placed in sustainable investments in 2012.
Wednesday, September 10, 2014 — No Region Specified

LeapFrog raises $400 million for social impact investments in Asia, Africa

Source: Reuters

(Reuters) - LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised $400 million for socially responsible investments in Asia and Africa - the largest ever for a fund specializing in low-income emerging market financial services.
Wednesday, September 10, 2014 — No Region Specified

CREO Investors Pledge $300 Million for Environmental Impact

Source: Huffington Post

Nearly a dozen wealthy families are announcing today that they have committed to invest a combined $300 million over five years in commercial ventures in the areas of climate, energy, health, food and sustainability.
Monday, September 8, 2014 — No Region Specified

PRESS RELEASE: Omidyar Network leads Series B funding in Cignifi

Source: Reuters

Cignifi, which has developed a platform to provide credit and marketing scores for people using mobile phone behavior data, has closed a Series B funding round led by existing investor Omidyar Network.
Tuesday, September 2, 2014 — South Asia

Unitus raises funds for India from global foundations

Source: Times of India

BANGALORE: Seed-stage impact investor Unitus Seed Fund has raised $7 million in fresh funding from a clutch of institutional and individual investors taking the total fund size to $20 million.
Tuesday, September 2, 2014 — South Asia

Unitus Seed Fund Has Raised USD 20 Million From Investors

Source: Press Release

New investors in India’s most active Micro VC impact fund demonstrate that commercial and philanthropic investors are drawn to impact investing
Wednesday, August 27, 2014 — No Region Specified

Global Health Investment Fund Leads Investment into Low-Cost Oral Cholera Vaccine for the World’s Poor

Source: GHIF News

South Korean biopharmaceutical company commits to manufacture a new and improved presentation of the vaccine at a target price of $1.00 per dose for public sector buyers.
Tuesday, August 26, 2014 — No Region Specified

5 Ways To Ensure Your Money Doesn't Contradict Your Social Values

Source: Forbes

It is possible to redirect your money’s social and environmental ties, even if a lack of understanding too often obscures that fact.
Monday, August 25, 2014 — No Region Specified

America's First Billion-Dollar Social Enterprise?

Source: Huffington Post

It's not just the fact that TOMS received an investment from Mitt Romney's Bain Capital that was so important - it's the fact that Bain's investment now values TOMS, a social enterprise, at $625 million dollars.
Monday, August 25, 2014 — No Region Specified

OPINION: How the Gates Foundation’s Investments Are Undermining Its Own Good Works

Source: The Nation

Its vast holdings in the fossil fuel and arms industries subvert the foundation’s battle against disease and poverty, says Charles Piller.
Thursday, August 21, 2014 — No Region Specified

Why social impact investing is going mainstream

Source: PBS Newshour

Social impact investing is taking off, says Pax World CEO Joseph Keefe, not simply because investors care about diversity and sustainability, but because companies focusing on those issues deliver strong long-term results.
Thursday, August 21, 2014 — No Region Specified

What's The Future For Impact Investing?

Source: Fast CoExist

The biggest challenge--and opportunity--is to get the 99% involved in investing for social good.
Monday, August 18, 2014 — No Region Specified

Collaborative Fund, CircleUp Partner to Invest $4 Million in B Corps

Source: Wall Street Journal

New York City-based venture firm Collaborative Fund, and CircleUp, the fundraising platform for “anything but tech” startups, have partnered to invest $4 million into certified B Corps, said CircleUp co-founder Ryan Caldbeck.
Monday, August 11, 2014 — No Region Specified

A qualified success for the Peterborough prison social impact bond

Source: ThirdSector

Not everyone is confident about the prospects for replicating what might prove to be a one-off experiment, says Stephen Cook
Thursday, August 7, 2014 — Sub-Saharan Africa

World Bank Group Commits US$ 5 Billion to Boost Electricity Generation in Six African Countries

Source: World Bank

The World Bank Group today committed $5 billion in new technical and financial support for energy projects in six African countries-- Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania—which have partnered with President Obama’s Power Africa initiative.
Wednesday, August 6, 2014 — No Region Specified

Unitus crosses $1 bn mark in capital raised

Source: Business Standard

Unitus Capital, an investment banking firm focussed on meeting the financing needs of impact entrepreneurs serving the bottom of the economic pyramid, has announced that it has crossed the $1 billion mark in raising funds.
Tuesday, July 29, 2014 — No Region Specified

PRESS RELEASE: Accion’s Frontier Investments Group Invests in Eseye

Source: Accion

Accion, a pioneer and leader in bringing financial services to the underserved, today announced that its Frontier Investments Group has become the first institutional investor in Eseye Ltd, a global machine-to-machine (‘M2M’) technology and service provider, with a participating investment in its $9.0 million Series B financing round.
Friday, July 25, 2014 — South Asia

Challenges lying ahead for impact investing

Source: Economic Times India

Having started as an impetus for microfinance nearly a decade ago, impact investing today influences a wide array of sectors and supports innovative business models.
Friday, July 25, 2014 — No Region Specified

Fund managers hope for more robust socially conscious options

Source: Investment News

Money managers work to build products for younger investors, who are expected to favor values-driven investing
Thursday, July 24, 2014 — Sub-Saharan Africa

World Bank conducts Zimbabwe consumer-protection review

Source: News Day

A WORLD Bank mission team is in the country to conduct Zimbabwe’s first Consumer Protection and Financial Literacy (CPFL) Diagnostic Review amid revelations that consumers were being prejudiced by financial institutions.
Thursday, July 24, 2014 — South Asia

World Bank to provide $18 bn aid to India in three years

Source: Odisha Sun Times

The World Bank Wednesday said it will provide financial support of $15-18 billion to India over the next three years to help accelerate economic growth and reduce poverty.
Wednesday, July 23, 2014 — No Region Specified

Does the World Still Need the World Bank?

Source: Bloomberg View

There will always be a need for a World Bank, which celebrates a birthday of sorts Tuesday. There is no need for a World Bank with more than 10,000 employees.
Wednesday, July 23, 2014 — South Asia

The BRICS new development bank: A historic game-changer?

Source: Eurasia Review

Following two years of intense negotiations, the BRICS leaders agreed on 15 July 2014 in Fortaleza (Brazil) to launch the New Development Bank (NDB).
Tuesday, July 8, 2014 — South Asia

Impact Investing in India: Poised to Grow?

Source: CFA Institute

Impact investments are expected to increase globally this year, with South Asia and Southeast Asia among the top target regions, according to a recent survey by JPMorgan and Global Impact Investing Network (GIIN). This could bode well, in particular, for India’s nascent impact investment sector, which is one of the most active in the region.
Monday, July 7, 2014 — Sub-Saharan Africa

Developing Africa Through Effective, Socially Responsible Investing

Source: Ventures Africa

VENTURES AFRICA – The SME space is seeing tremendous growth in Africa, with easier access to funds from financial institutions and government policies encouraging sector growth.
Wednesday, July 2, 2014 — South Asia

Impact investor money chasing very few investible companies in India

Source: Business Today

Venky Natarajan, Managing Partner at impact investment fund Lok Capital, speaks to BUSINESS TODAY about impact investing in India.
Tuesday, July 1, 2014 — No Region Specified

U.N.'s Own Study Reveals Its $13 Billion Maternal Health Efforts Aren't Saving Lives

Source: Huffington Post

LONDON (AP) — In the past decade, billions of dollars have been spent trying to save the lives of mothers in developing countries using strategies — usually inexpensive drugs — deemed essential by the U.N. health agency.
Monday, June 30, 2014 — No Region Specified

Two Financial Titans Open Their Vaults to Impact Investing

Source: Student Reporter

Started a few years ago by a small band of pioneers, impact investing has gained traction and is now drawing the attention of large international banks. Large financial institutions such as BNP Paribas and Citigroup, based in Europe and the United States, respectively, are developing various projects in the field of social and sustainable finance.
Friday, June 27, 2014 — No Region Specified

Inheritance-Rich Millennials Are Primed to Become Impact Investing’s Most Ardent Supporters

Source: Student Reporter

Millennials stand to inherit $30 trillion (U.S.) in assets over the next three decades. Understandably, investors, and the rest of the world, have a major interest in how these young people will choose to invest their inheritances.
Thursday, June 26, 2014 — No Region Specified

How the US government can help spur impact investing

Source: Devex

The field of impact investing is expanding, but key barriers could still be removed and incentives put in place by the U.S. government to boost growth and promote best practices, according to a new report released on Wednesday.
Thursday, June 26, 2014 — No Region Specified

As the World Bank Turns

Source: Huffington Post

Something exciting, almost revolutionary, is happening at one of the most conservative of the world's international institutions. The World Bank, which for decades has been criticized has overly focused on the construction of dams and other infrastructures as the cure for poverty, is turning its focus to the real engine of economic progress in the developing world: girls and women.
Wednesday, June 25, 2014 — No Region Specified

Impact Investing: $1.5 Billion in Commitments and a New Resource for Policymakers

Source: Huffington Post Impact

It's a great week for impact investing. At the White House roundtable on impact investing today, corporations, banks, foundations, and individuals including Prudential, Capricorn Investment Group and the Omidiyar Network committed to invest more than $1.5 billion in new capital into companies and funds that strive to generate positive financial and social returns. US government agencies, including the Small Business Administration, USAID and Treasury, also announced programs to support impact investments and social enterprises.
Monday, June 23, 2014 — No Region Specified

Foreign Aid Isn't Charity. It's an Investment

Source: Business Week

One of the few bright spots of bipartisanship on Capitol Hill of late has been in global development. The House recently passed a bill to support President Clinton’s Power Africa initiative, which is designed to boost access to electricity across six countries in the region. Both houses also managed to reauthorize PEPFAR—the President’s Emergency Fund for AIDS Relief— which provides antiretrovirals toalmost 7 million people worldwide.
Friday, June 20, 2014 — No Region Specified

Singapore Billionaire Bets Big on Energy in Africa, Asia

Source: Business Week

In September 2007, almost a year after New Zealand–born billionaire Richard Chandler founded investment firm Orient Global in Singapore, he made a rare appearance at a forum on social responsibility.
Friday, June 20, 2014 — No Region Specified

World Bank gives $1.4 mn in grants to 12 social enterprises in the Northeast

Source: Business Today

The World Bank's Development Marketplace, a competitive grants programme, has given grants worth $1.4 million (about Rs 8.4 crore) to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities.
Friday, June 20, 2014 — No Region Specified

Woori to buy Cambodian microfinance institution

Source: Korea Herald

Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion.
Thursday, June 19, 2014 — No Region Specified

Joining Forces for Impact Investing and ESG at TBLI CONFERENCE USA 2014.

Source: Press Release

Amsterdam, 19 June 2014 TBLI CONFERENCETM, dedicated to building a community of ESG (Environmental, Social and Governance) and impact investors, held its second USA conference on 29 and 30 May in New York.
Thursday, June 19, 2014 — No Region Specified

World Bank Group offers $1.4m to 12 social enterprises in North-East

Source: The Hindu Business Line

The World Bank Group will give $1.4 million to 12 social enterprises in the North-East, working on access to affordable healthcare services, education, water and sanitation services.
Wednesday, June 18, 2014 — No Region Specified

Why the Michael and Susan Dell Foundation is Investing in This Indian Lender

Source: Inside Philanthropy

This spring, the Michael & Susan Dell Foundation invested $500,000 in IntelleGrow, an Indian company that provides customized debt finance to small and growing businesses in India to support small- and medium-enterprise (SME) startups.
Wednesday, June 18, 2014 — South Asia

KKR To Invest $200m In Ethiopian Flower Business

Source: Ventures Africa

VENTURES AFRICA – New-York based global private equity company; KKR & Co. has expressed interest in buying a percentage of leading Ethiopian flower company, Afriflora which grows about 730 million flowers for export yearly.
Tuesday, June 10, 2014 — South Asia

World Bank to offer transition support of $3.5 billion to India for infrastructure, education initiatives

Source: Economic Times India

NEW DELHI: The World Bank will continue its concessional lending meant for poorer countries to India and has also significantly upped the country's single-borrower limit, looking to provide a helping hand to the new government in taking forward its agenda on infrastructure, skilling, river cleaning and tourism.
Monday, June 2, 2014 — No Region Specified

Impact Investing: Can We Pay Her Less?

Source: Huffington Post Impact

I was in New York City meeting with an advisor who offered to help raise investor capital for our social enterprise. She was reviewing the business plan and numbers, then looked up and asked, "Can you pay the women less?"
Friday, May 30, 2014 — No Region Specified

OPIC Committed $2.7 billion to High-Impact Sectors in 2013

Source: Business Wire

WASHINGTON--(BUSINESS WIRE)--The Overseas Private Investment Corporation is proud to release for the first time a detailed picture of its Fiscal Year 2013 commitments in the impact investing space.
Friday, May 30, 2014 — No Region Specified

TriLinc Global Impact Fund Makes Impact Investment in Peru

Source: Business Wire

TriLinc Global Impact Fund approves a new $3.0 million revolving trade finance facility to a Peruvian insulated wire company, bringing total financing commitments as of May 28, 2014 to $28.7 million for business expansion and socioeconomic development in Latin America and Southeast Asia
Thursday, May 29, 2014 — No Region Specified

Impact investing firm Investors' Circle closes on $3.1M, looks for deals

Source: Triangle Business Journal

Durham-based “impact investing” firm Investors’ Circle just closed on $3.1 million – a sum that, according to executive director Bonny Moellenbrock, will go toward a very specific type of startup.
Wednesday, May 28, 2014 — No Region Specified

World Bank offers Angola $1 billion to fund infrastructure, agriculture

Source: The Africa Report

The World Bank will offer $1 billion in financing to help Angola rebuild infrastructure and develop its agriculture, an official at the Washington-based lender said on Monday.
Wednesday, May 21, 2014 — No Region Specified

Axa builds 'fund of funds' for socially responsible investing

Source: The Guardian

Axa's Impact Investment Initiative pulls together small pools of capital to create large-scale positive social impact
Monday, May 12, 2014 — No Region Specified

World Economic Forum on Africa attracts N12.9 trillion investments – organiser

Source: Business Day

The World Economic Forum (WEF) on Africa has attracted over $68 billion(about N12.9 trillion) in investment to the African continent, Dr Philipp Rosler, the Managing Director of the Forum, said in a closing remarks on Friday in Abuja.
Monday, May 12, 2014 — No Region Specified

Acumen and the Lundin Foundation announce $1.5 million investment in Esoko Networks Limited

Source: Acumen

Acumen and the Lundin Foundation today announced a $1.5 million aggregate equity and debt investment in Esoko Networks Limited (“Esoko”), a Ghanaian-built technology platform that connects African farmers to markets via mobile phones.
Friday, May 9, 2014 — Asia Pacific

OPINION: New Chinese investment fund aims to rival World Bank and ADB

Source: The Economic Times

If you can't beat them, outspend them. That seems to be the thinking behind a huge new infrastructure investment fund being promoted by China as an alternative to established international lending agencies.
Tuesday, May 6, 2014 — No Region Specified

Breakthrough new medicines to be made available for low- and middle-income countries

Source: StreetInsider.com

The UNITAID Executive Board has committed $160 million in new grants, including investments to ensure low- and middle-income populations have access to new high performing treatments for hepatitis C and drug-resistant tuberculosis, and the largest-yet global programme for seasonal malaria chemoprevention.
Monday, May 5, 2014 — No Region Specified

BLOG: Momentum Builds for 100 Percent Impact Investment Movement

Source: Huffington Post

When I first started working in impact investing, the field's challenges were foundational: refining the concept, finding suitable investments, figuring out how to measure impact, even determining what to call the concept. Work in all those areas continues, but the field has matured to the point where it's on the agenda of the G8, finance conglomerates feel they need to have an impact product, and the mainstream business press is taking notice (if skeptically). N
Monday, May 5, 2014 — No Region Specified

JP Morgan & GIIN survey highlights higher impact investment commitments

Source: Investment Europe

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.
Friday, April 25, 2014 — No Region Specified

Malaria in Mozambique: trialling payment by results

Source: The Guardian

A pioneering new coalition promises to provide sustainable, cost-effective funding for disease control through development impact bonds. Will it work?
Wednesday, April 23, 2014 — No Region Specified

Bloomberg invests $5 million in portable solar-powered lamp for off-grid African populations

Source: Associated Press

Former New York Mayor Michael Bloomberg's foundation has announced a $5 million investment in an artsy-looking solar-powered lamp designed for use in off-grid populations in Africa.
Tuesday, April 22, 2014 — South Asia

Social Business in India: Some investors wade in, but most testing waters

Source: The Hindu Business Line

Investors meet with frugal innovation, entrepreneurs leave the sector discouraged.
Tuesday, April 22, 2014 — Sub-Saharan Africa

OPINION: Grand Convergence in Global Health is Realizable

Source: Business Day South Africa

What it will take is a co-ordinated, future-oriented investment strategy.
Tuesday, April 22, 2014 — No Region Specified

Global Healthcare Donations are Increasing

Source: Millionaire Corner

The neediest nations are getting more financial support for healthcare, while those nations that are slightly better off could be losing out in donations, a University of Washington study says.
Tuesday, April 15, 2014 — South Asia

Firms Investing in Social Sector Have deployed $1.6 B in India since 2000

Source: Live Mint

According to a report, the number of foreign investors looking to invest in the social sector has increased.
Tuesday, April 15, 2014 — Sub-Saharan Africa

Musa, Swiss Partner to Help African SMEs in Healthcare

Source: Business Day South Africa

Private equity company Musa Capital is the partner in an investment fund that plans to develop small and medium-size enterprises (SMEs) providing health services to the poor in various African countries.
Tuesday, April 8, 2014 — Sub-Saharan Africa

Building the Impact Investing Market in Sub-Saharan Africa and South Asia

Source: Thomson Reuters Foundation

The impact investment market is extremely diverse and the DFID Impact Fund is distinctive
Monday, April 7, 2014 — No Region Specified

Satin Creditcare raises $4.7M from Norwegian impact investor NMI Fund

Source: VCCircle

North India-based microfinance institution (MFI) Satin Creditcare Network Limited has raised Rs 28.44 crore ($4.7 million) in a fresh round of funding from Norwegian impact investor NMI Fund III KS (NMI), as per a company statement.
Monday, April 7, 2014 — No Region Specified

Capital Commitment to support Early-Stage Businesses in East African Communities

Source: The Wall Street Journal

JPMorgan Chase and the UK Department for International Development will kick start promising businesses in East Africa through a new joint investment in Novastar Ventures. The new $5 million investment by JPMorgan Chase will be matched by an additional $15 million from DFID as part of its first ever Impact Investment Fund. Launched in 2013, the fund is managed by the CDC, the UK's own Development Finance Institution.
Friday, April 4, 2014 — No Region Specified

How Ankur Capital is following a different path to impact investment

Source: VCCircle

In 2010, J.P. Morgan estimated the potential capital need for impact investments (targeting the part of the global population earning less than $3,000 a year), which drive not just social impact but also financial returns, to be $400 billion to $1,000 billion over the next 10 years. Fortunately, over the last 20 years, the number of specialised commercial funds in the impact investing space has risen 10 times. Capital committed to impact investing via private equity style active managers alone has risen from $4 billion to $12 billion over the same period.
Thursday, April 3, 2014 — No Region Specified

PRESS RELEASE: Calvert Foundation and Bank of America Partner to Invest in Women

Source: PR Web

Bank of America's $10 million investment will support the economic and social advancement of women in developing countries.
Monday, March 31, 2014 — No Region Specified

How Philanthropists And Investors Can Work Together To Create Social Change

Source: Forbes

Scaling up innovation is rarely as simple as investing in a company. The best social innovations aren’t companies – rather they are social movements, coalitions co-created by businesses, social sector organisations and governments working together. But how do you fund and scale up a movement?
Monday, March 31, 2014 — No Region Specified

Leapfrog invests $29 million in IFMR Capital Finance

Source: Economic Times

US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for $29 million (Rs 174 crore). IFMR helps microfinance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets.
Monday, March 31, 2014 — No Region Specified

Nine ways to make sure you make a difference with impact investing

Source: The Guardian

Impact investors want more than a financial return, they want their money to do something good in the world at the same time. This means balancing financial risks and rewards with the complex measures of social and environmental impact.
Monday, March 31, 2014 — No Region Specified

3 Factors That Show Social Enterprise Might Start Seeing Bigger Exits

Source: Fast Co.Exist

Stewart Craine, cofounder of Barefoot Power and now Village Infrastructure Angels, walks into investor presentations with a pair of well-worn, highly scuffed shoes with the soles falling off. They are his "investor shoes," illustrating the ridiculous distance he has traveled in pursuit of investment for his businesses, which work with world’s poor.
Friday, March 28, 2014 — No Region Specified

OPINION: Rise of social impact investing lays to rest the notion that greed is good

Source: South China Morning Post

Do we really invest to make money? Yes, if you make money the old-fashioned way. You look at the trade-off between risk, return and liquidity and make the investment if it yields a return that you feel happy with, relative to the risk, with the liquidity you want.
Thursday, March 27, 2014 — Latin America

TriLinc Global Impact Fund Makes Impact Investments in Peru, Indonesia, Brazil and Chile

Source: Business Wire

TriLinc Global Impact Fund approves a $576,000 loan on March 25, 2014 to an agro-business company in Peru, bringing total loans funded in 2014 to $5.741 million for business expansion and socioeconomic development in Latin America and Southeast Asia
Thursday, March 27, 2014 — Sub-Saharan Africa

International Finance Corporation Proposes $1.5 B Annual Investment in Nigeria

Source: This Day Live

The International Finance Corporation IFC), which is the private sector arm of the World Bank, has unfolded plans to commence an annual investment of $1.5 billion in critical sectors of the Nigerian economy.
Thursday, March 27, 2014 — Sub-Saharan Africa

Global MFI Investors Shift Focus from Asia to Africa

Source: Business Standard

With the MFIs realigning their fund allocations, South Asia, the traditional microfinance hub, is facing challenge from Africa for the first time
Wednesday, March 26, 2014 — No Region Specified

Annapurna Microfinance raises $5M in Series B funding

Source: VCCircle

Odisha-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 30 crore (around $5 million) in a Series B round of funding led by Belgian Investment Company for Developing Countries (BIO), with participation from the existing investor Incofin Investment Management's Rural Impulse Fund II.
Monday, March 24, 2014 — No Region Specified

“Early-stage investments harder to make” says Omidyar Network’s Bannick

Source: Times of India

Omidyar Network, the Redwood City, California-based impact investment firm, will allocate $30 million this year across sectors as it looks to pick ventures that cater both to the bottom-of-the-pyramid population as well as the swelling aspirational class in India.
Friday, March 21, 2014 — No Region Specified

Latin America: Social Impact Investment Grows

Source: Latinvex

In Latin America, there is clear need to promote entrepreneurship that seeks both economic return as well as social impact.
Friday, March 21, 2014 — No Region Specified

Financing Sustainable Fisheries With Impact Investments

Source: National Geographic

What’s good for the fish is good for the fishing communities — and for impact investors. That’s the thesis of three new vehicles for investing in sustainable fisheries that will be tested in the Philippines, Chile, and Brazil over the next two years and then offered to investors more broadly.
Thursday, March 20, 2014 — South Asia

Aavishkar Hopes to Close $75 M Frontier Fund, Take Impact Investing Model Beyond India

Source: Business Standard

Set to take its impact investing model to Indonesia, Sri Lanka, Myanmar, Bangladesh and Pakistan
Friday, March 7, 2014 — No Region Specified

The Major Hurdles to Impact Investing

Source: aiCIO

mpact investing faces too many challenges to be adopted by institutional investors en masse, according to Hewitt EnnisKnupp.
Thursday, March 6, 2014 — No Region Specified

US Foundation Endowments - A Missing Piece to Maximizing Impact

Source: HuffPost Impact

A handful of foundations leverage their shares in public equity investments to directly engage the companies they hold in their portfolios.
Thursday, March 6, 2014 — No Region Specified

Goldman Floats World Bank $50 million for Fund to Help Women Entrepreneurs

Source: The Washington Post

The new venture, called the Women Entrepreneurs Opportunity Facility, aims to help close the estimated $300 billion credit gap that the IFC says exists for women-owned businesses.
Wednesday, March 5, 2014 — South Asia

Does India Need Its Own 'Impact' Investors?

Source: Forbes

Indian entrepreneurs complain that India’s venture capital scene, particularly for “impact” investments, is limited.
Monday, March 3, 2014 — No Region Specified

Values-Based Investing Gaining Steam, Data Shows

Source: Financial Planning

The number of investment products focused on environmental, social and governance factors has risen steadily in the last seven years, according to data provided by Morningstar, climbing to 277 total funds as of Oct. 31, 2013, from 199 in 2007.
Friday, February 28, 2014 — Sub-Saharan Africa

The Rockefeller Foundation And Tony Elumelu Foundation Announce Africa Winners Of The Impact Economy Innovations Fund

Source: Tony Elumelu Foundation

The fund provides grant capital for entrepreneurs with projects that create jobs in underserved sectors, and supports proposals geared toward enabling capital solutions, fostering entrepreneurial ecosystems and promoting impact investing industry infrastructure.
Friday, February 28, 2014 — South Asia

Ankur Capital bets on real India, invests in three early-stage rural ventures

Source: Economic Times

NEW DELHI: Impact investment fund, Ankur Capital, has invested in three early-stage ventures that focus on rural markets.
Wednesday, February 26, 2014 — No Region Specified

OPINION: Sustainable investment performance criticisms ‘out-of-date’

Source: Blue&Green Tomorrow

Arguments that sustainable investment approaches are too simplistic and don’t offer competitive returns have been labelled as “out-of-date” by Kevin Parker, chief executive of Sustainable Insight Capital Management.
Thursday, February 13, 2014 — South Asia

Impact Investments Seek to Solve Social or Environmental Challenges while Generating Financial Profit

Source: Business Standard

Elevar Equity, an impact investor, is looking to raise its third fund with a target corpus of $75 million by end-2014.
Monday, February 10, 2014 — No Region Specified

Somaliland: Silatech and Kaaba Microfinance Partner to Support Youth Enterprise

Source: Somaliland Sun

Silatech has signed a Memorandum of Understanding with Kaaba Microfinance Institution (K-MFI), based in Somaliland, to promote youth enterprise and employment solutions. The agreement paves the way for the two organizations to jointly develop a Youth Enterprise Fund, which will provide dedicated funds and technical assistance to microfinance institutions throughout Somaliland.
Friday, February 7, 2014 — No Region Specified

Report ‘de-risks’ impact investment to open sector up to mainstream

Source: Blue&Green Tomorrow

A new report has set out how to de-risk impact investment, which could make the sector more appealing to a wider range of investors. The strategy has been described as a “win-win” because of the financial and social returns it offers.
Tuesday, February 4, 2014 — Sub-Saharan Africa

African Development Bank Holds First Forum On Development of Health in Africa

Source: allAfrica

Convinced that investing in health is a prerequisite for economic growth, the African Development Bank, in partnership with Groupe Jeune Afrique, is organizing the Africa Health Forum, the first public-private forum on Africa's health economy.
Monday, February 3, 2014 — No Region Specified

Govt creating India Inclusive Innovation Fund with initial corpus of $80M

Source: VCCircle

Registered as venture capital entity, it is targeting to take the total investible funds to around $800 million in two years.
Thursday, January 30, 2014 — No Region Specified

Microfinance, macro risk

Source: Social Enterprise Buzz

MFX supports lending to entrepreneurs in low-income countries by offering currency swaps and forward contracts to international micro, small, and medium enterprise lenders to offset the risk they take when lending in the local currency of their borrowers.
Thursday, January 30, 2014 — No Region Specified

Innovative New Initiative from JPMorgan Chase to Catalyze Investment in Low- and Moderate-Income Communities

Source: Market Watch

$33 million to help CDFIs across the country build capacity.
Monday, January 27, 2014 — No Region Specified

African Guarantee Fund, Diamond Bank In $25m Microfinance Deal

Source: Ventures

African Guarantee Fund (AGF) has entered into an agreement with Diamond Bank to support the lender’s microcredit to small businesses in the region to the tune of $25 Million.
Thursday, January 23, 2014 — No Region Specified

3 impact investing predictions from Omidyar Network’s Paula Goldman

Source: The Economist

Over the past 30 years the share of incomes going to the top 1% of earners has more than doubled in some rich countries: it now stands at 17% in America and 14% in Britain.
Tuesday, January 21, 2014 — No Region Specified

Press Release : Case Foundation Commits $100,000 to Georgetown Global Social Enterprise Initiative

Source: Case Foundation

Grant to Support Impact Investing Initiatives, Including Policy Coordination with the Social Impact Investment Task Force
Thursday, January 16, 2014 — No Region Specified

Financial innovations spur renewable energy investment in global markets

Source: pv magazine

Investment firms, financiers and energy companies around the globe are introducing innovative new funding vehicles aimed at renewable energy investment.
Wednesday, January 15, 2014 — No Region Specified

LeapFrog Investments backs Petra Trust

Source: Press Release

LeapFrog Investments has taken a stake in Petra Trust. The business is a pension trustee company based in Ghana.
Friday, January 10, 2014 — No Region Specified

Crowdfunding paves into India, Exhilway set to raise and invest $1bn

Source: ciol

Exhilway Global, the emerging markets private equity fund is set to launch one of the largest crowdfunding platform called "Exhilway Link" which will cover all major types of crowdfunding, classified into debt, equity and royalty. The platform will initially operate in India, US and UK.
Wednesday, January 8, 2014 — No Region Specified

Canada supports Peru's efforts in healthcare innovation

Source: Peru This Week

Peru’s National Council for Science, Technology, & Technological Innovation (Concytec) and Grand Challenges Canada, funded by the Government of Canada, have announced a collaborative agreement that will support ‘Stars in Global Health’ innovators based in Peru.
Monday, January 6, 2014 — No Region Specified

$60 Billion A Year: All It Would Take To Fix The Global Health By 2035

Source: Fast Co.Exist

It's a lot, but investing in global health now could produce returns that Wall Street only dreams about.
Thursday, December 19, 2013 — No Region Specified

Ennovent, Ankur Capital Invests In ERC Eye Care

Source: DealCurry

Assam-based ERC Eye Care has raised funds form Ennovent Impact Investment Holding and Ankur Capital along with participation from angel investor Sadeesh Raghavan and Ennovent Circle, ET states. The company would use the funds for expanding number of vision centres and to launch its first hub hospital.
Monday, December 16, 2013 — No Region Specified

GSK bets on emerging markets with $1 billion plan to raise stake in India unit

Source: The West Australian

GlaxoSmithKline Plc (GSK) has decided to spend roughly $1 billion to raise its stake in its Indian pharmaceutical unit, betting on rising demand in emerging markets as sales in developed economies slow due to a wave of patent expirations.
Friday, December 13, 2013 — No Region Specified

UNITAID approves grants of over $140 million

Source: UNITAID press release

UNITAID’s Executive Board has approved over $140 million in new funding. The organisation remains committed to children living with HIV/AIDS and will continue funding treatment for almost 100,000 children in Malawi, Mozambique and Uganda. Additional investments have been targeted to further stabilize the paediatric HIV treatment market. UNITAID will also continue funding for existing projects to shape markets for HIV/AIDS, malaria and tuberculosis.
Thursday, December 12, 2013 — No Region Specified

Global Malaria Deaths Hit A New Low

Source: NPR

The death rate from malaria dropped by 45 percent globally between 2000 and 2012, the World Health Organization reported Wednesday. In Africa, the rate fell by almost half.
Wednesday, December 11, 2013 — No Region Specified

Global Fund: Quash Human Rights Barriers

Source: The Global Fund

In honor of International Human Rights Day, the Global Fund made an appeal to break down all human rights barriers to health, a critical factor in the goal of defeating AIDS, tuberculosis and malaria.
Tuesday, December 10, 2013 — Sub-Saharan Africa

African Domestic Investment in Health Grows in Zambia

Source: allAfrica

Increased trends of domestic investment in health by several African nations is highlighting efforts to fight AIDS, tuberculosis and malaria, the Global Fund has said.
Tuesday, December 10, 2013 — Latin America

How a $16M Nike-led effort could reshape Brazil's health and economy

Source: Biz Journals

A three-year, $16 million initiative led by Nike Inc. to get more Brazilian children involved in physical activity could ultimately help the World Cup host nation avert an economic catastrophe.
Monday, December 9, 2013 — No Region Specified

African Countries Make New Investments in Health

Source: The Global Fund

A significant trend in increased domestic investment in health by several African nations is highlighting efforts to fight AIDS, tuberculosis and malaria, combined with new contributions to the Global Fund.
Friday, December 6, 2013 — No Region Specified

Investment Program Can Cut Global Health Disparities by 2035

Source: HCP Live

The authors of the framework note that the current generation has the financial and technological capability to begin closing the global health gap.
Tuesday, December 3, 2013 — No Region Specified

Gates Foundation to Double Donation to Fight AIDS

Source: The Wall Street Journal

Billionaire philanthropist Bill Gates said he plans to nearly double his foundation’s contribution to the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria, to as much as $500 million.
Tuesday, December 3, 2013 — No Region Specified

Study Says Health disparities "could be eliminated in a generation"

Source: Reuters

Health disparities between rich and poor nations could be banished in a generation by investment in research, vaccines and drugs to combat diseases such as AIDS, malaria and tuberculosis, global health experts said on Tuesday.
Tuesday, November 26, 2013 — Sub-Saharan Africa

Africa: Millions Still Waiting for Aids Revolution

Source: allAfrica

According to UNAIDS one in four people who start HIV treatment in low-and middle-income countries do so dangerously late.
Tuesday, November 26, 2013 — South Asia

Red tape on grant delayed care for HIV patients, says Global Fund

Source: Live Mint

Health ministry sat on a grant offered to National AIDS Control Programme for about 18 months, leading to drug shortages
Tuesday, November 26, 2013 — No Region Specified

Why the Global Fund is the Best Investment You Could Make

Source: Huffington Post Impact

The Global Fund also plays a critical role in strengthening health care in developing countries, but the impact of the Global Fund extends far beyond lives saved.
Friday, November 22, 2013 — No Region Specified

The Global Fund needs global collaboration

Source: The Hill

We should fund the Global Fund, no doubt about it. But we should ask the right questions now and initiate a change that would make a difference in development assistance.
Thursday, November 7, 2013 — Latin America

Joining Forces to Fight the Leaf Rust Epidemic Devastating Latin American Coffee

Source: News Release

Green Mountain Coffee Roasters, Inc. (GMCR), the Multilateral Investment Fund (MIF) of the InterAmerican Development Bank and Skoll Foundation announce today support for the non-profit agricultural lender Root Capital ‘s Coffee Farmer Resilience Initiative. The initiative is a collaborative venture designed to stabilize supply chains by investing in coffee farmers at the base of the value chain, who are on the front lines of battling the leaf rust epidemic in Latin America.
Wednesday, October 23, 2013 — No Region Specified

Impact Investing, Soros-Style

Source: Insead Knowledge

The Soros Economic Development Fund is quasi-philanthropic and invests in high-risk projects in parts of the world most people couldn’t find on a map. But the Fund is self-sufficient and boasts a “blended” portfolio return of 8 percent a year. How do they do it?
Thursday, October 10, 2013 — No Region Specified

Bill Gates Backs Cambridge Alumna's $94M Health Fund

Source: Business Weekly

Global technology pioneer Bill Gates is supporting a Cambridge University alumna in a blockbusting new health investment fund. The Bill & Melinda Gates Foundation agreed to back the venture, inspired in the UK by Gates scholar Julia Fan Li, after she made a personal presentation to Bill Gates’ father. The Global Health Investment Fund is structured by JPMorgan Chase & Co. and the Foundation.
Wednesday, September 25, 2013 — No Region Specified

OPIC and Citi to Leverage up to $200 Million to Connect Micro and Small Enterprises with Corporate and Financial Institutions

Source: 3BL Media

The support will aid financial institutions and large corporations to include micro and small enterprises as business and supply chain clients.
Monday, September 23, 2013 — No Region Specified

New Investment Fund Will Advance Late-Stage Vaccines and other Global Health Technologies

Source: Wall Street Journal

A new investment fund structured by JPMorgan Chase & Co. (NYSE:JPM) and the Bill & Melinda Gates Foundation will, for the first time, allow individual and institutional investors the opportunity to finance late-stage global health technologies that have the potential to save millions of lives in low-income countries. With $94 million committed by a pioneering group of investors -- including anchor support from Grand Challenges Canada (funded by the Government of Canada), the German Ministry for Economic Cooperation and Development (acting through KfW) and the Children's Investment Fund Foundation -- the Global Health Investment Fund ("GHIF" or the "Fund") will help advance the most promising interventions to fight challenges in low-income countries such as malaria, tuberculosis, HIV/AIDS and maternal and infant mortality.
Wednesday, September 18, 2013 — No Region Specified

$30M Investment Fund Focuses on Detroit Housing

Source: The Detroit News

The Troy MI-based Kresge Foundation and a Washington nonprofit on Tuesday announced a $30 million effort aimed at building housing along Detroit’s Woodward Avenue corridor. The project will be called the Woodward Corridor Investment Fund, and will provide long-term fixed rate loans that aren’t now available through traditional financing. The aim is to allow developers to move quickly on construction projects.
Wednesday, September 11, 2013 — Sub-Saharan Africa

Millennium Development goals in rural Africa get $100 million boost

Source: RYOT.org

In 2011, the Islamic Development Bank (IsDB) and the Earth Institute (Columbia University) formed a partnership to work with African nations to support their efforts to end extreme poverty. On Tuesday, the IsDB and the Earth Institute and its partner, Millennium Promise, announced that the IsDB and its poverty reduction arm, the Islamic Solidarity Fund for Development (ISFD), have now extended more than $100 million in financing to help eight African nations combat extreme poverty, improve public health and achieve more sustainable development.
Monday, September 9, 2013 — No Region Specified

The funds cashing in on the global healthcare crisis

Source: FE Trustnet

Healthcare and biotechnology companies have had a storming few years on a global scale, with the UK pharmaceutical sector getting in on the action this year too. The FTSE World Healthcare Index has made 71.49 per cent over the past three years, according to data from FE Analytics, with the FTSE World index, which includes stocks from all sectors, up 38.59 per cent.
Monday, September 9, 2013 — South Asia

Vijayan launches Charioteer Fund-I impact investment fund

Source: The Times of India

Krishnamurthy Vijayan, the former executive chairman of JP Morgan Asset Management India, has launched an impact investment fund that will invest in India's livelihood and skills development space. The Rs 250-crore fund, Charioteer Fund-I, will be a five-year fund with an extension of a further five years, and will look to invest between Rs 1 crore and Rs 10 crore in micro-enterprise clusters.
Thursday, September 5, 2013 — No Region Specified

Impact Investing 2.0 -- What $3 Billion Tells Us About the Next $300 Billion

Source: Huffington Post

There's an impression that the ongoing effort to use investment dollars to achieve both financial and social returns is elusive, with no coherent core of best practice. This is simply not the case.
Thursday, August 15, 2013 — South Asia

Vinod Khosla-backed Unitus Seed Fund to invest up to Rs 1 cr in Caravan Craft

Source: The Economic Times

Unitus Seed Fund, backed by marquee investor Vinod Khosla has made its third investment of the year, funding Bangalore-based Caravan Craft Retail, as capital flow increases for social ventures in areas beyond micro-finance.
Monday, August 12, 2013 — South Asia

Aavishkaar makes final close of second venture fund at $94M

Source: VCCircle

The larger fund gives Aavishkaar the ability to write larger cheques and invest across various stages of its portfolio companies.
Monday, August 12, 2013 — Sub-Saharan Africa

Rural Impulse Fund II and Agora Microfinance N.V. take equity stakes in AMK Cambodia

Source: Press Release

Antwerp/London, 08 August 2013 – Incofin IM’s Rural Impulse Fund II (RIF II) and Agora Microfinance N.V. (AMNV), a microfinance holding company, have both acquired significant minority stakes in the microfinance institution (MFI) AMK Cambodia. This well-established MFI is the country’s market leader in terms of both outreach and its application of social performance research.
Friday, August 9, 2013 — Sub-Saharan Africa

VCTF sells impact investing to fund managers

Source: GhanaWeb

Last week, the Venture Capital Trust Fund (VCTF) began the process of attracting impact investors, which it expects to make investments that will both give them profit and make positive social impacts at the same time.
Friday, August 9, 2013 — No Region Specified

'Impact' Trumps SRI Among Wealthy Investors

Source: Private Wealth

Impact investing seems to be edging out traditional “socially responsible investing” in attracting the investment dollars of ultra-high-net-worth investors, according to new research and industry observers.
Thursday, June 20, 2013 — No Region Specified

Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet

Source: Reuters

Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
Tuesday, June 11, 2013 — No Region Specified

Social investment needs investees, not just investors

Source: The Guardian

Cabinet office backs new network to improve the reach and quality of support for early-stage social entrepreneurs
Friday, May 31, 2013 — No Region Specified

The New Idealism of International Aid

Source: The Atlantic

Developing countries are often passive recipients of international health aid. Now they'll be getting the freedom to decide what to do with it.
Tuesday, May 28, 2013 — South Asia

Dasra philanthropy foundation grants $800,000 award to six organizations

Source: The Times of India

Strategic philanthropy foundation, Dasra, has announced the $800,000 Impact Economy Innovations Fund (IEIF) grant award to six organizations building the ecosystem for impact investing in India.
Monday, May 13, 2013 — Sub-Saharan Africa

Us Family Biz Icon Launches Africa Fund

Source: Campden FB

Dr John Coors, fourth-gen chief executive of ceramics company CoorsTek and a member of the Coors brewing dynasty, is behind the launch of an investment group targeting Africa that plans a new approach to investing in the continent.
Tuesday, May 7, 2013 — No Region Specified

Accion’s Venture Lab Closes Initial Investments in Financial Inclusion Start-Ups

Source: Press Release

Accion announced the first five investments by Venture Lab, its $10 million seed capital initiative, which invests in start-up companies that help expand global financial inclusion. A pioneer and leader in bringing financial services to the underserved, Accion launched Venture Lab in April, 2012.
Thursday, February 21, 2013 — Sub-Saharan Africa

Africa: Global Fund News Flash - Issue 14

Source: All Africa

The Global Fund plans to launch its new funding model in the coming days.
Friday, January 18, 2013 — No Region Specified

Social Impact Investing Will Be the New Venture Capital

Source: HBR Blog Network

During the past century, governments and charitable organizations have mounted massive efforts to address social problems such as poverty, lack of education, and disease. Governments around the world are straining to fund their commitments to solve these problems and are limited by old ways of doing things. Social entrepreneurs are stultified by traditional forms of financing. Donations and grants don't allow them to innovate and grow. They have virtually no access to capital markets and little flexibility to experiment at various stages of growth. The biggest obstacle to scale for the social sector is this lack of effective funding models.
Tuesday, January 15, 2013 — No Region Specified

IFC, GAFSP Invest $10 million in Root Capital to Support Small Farmers in Africa, Latin America

Source: Press Release

IFC, a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program (GAFSP) will invest $5 million each in Root Capital to help expand access to working capital and markets for 300,000 farmers over the next four years.
Monday, January 7, 2013 — South Asia

NIC to launch Rs 5,000 cr VC fund for innovation: Pitroda

Source: Business Standard

The fund will support enterprises which drive change at the bottom of the economic pyramid
Thursday, January 3, 2013 — South Asia

Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors

Source: Press Release

Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others
Thursday, December 20, 2012 — Sub-Saharan Africa

JP Morgan-linked firm triples cash in Africert deal

Source: Business Daily

A JP Morgan-linked private equity firm, Pearl Capital Partners (PCP), has exited its investment in a Kenyan agricultural firm in a deal that saw it triple its investment in six years.
Wednesday, December 19, 2012 — No Region Specified

USAID Mobilizes Record Amount of Private Capital to Support Small Businesses in Developing Countries

Source: USAID Press Release

WASHINGTON, D.C. – USAID’s Development Credit Authority (DCA) worked with 45 financial institutions in 23 countries in 2012 to unlock up to $525 million in private capital for underserved entrepreneurs in developing countries. The financing, made available through 34 partial credit guarantees, is the most USAID has mobilized in a single year.
Tuesday, December 11, 2012 — Sub-Saharan Africa

Kenya SMEs Get U.S.$60 Million

Source: All Africa

Nairobi — The World Bank has extended a $60 million loan towards boosting Kenya's fledgling Small and Medium-sized Enterprises (SMEs) sector.
Monday, December 10, 2012 — No Region Specified

Gates Foundation Announces $21 Million in Global Health Grants

Source: Philanthropy News Digest

The Bill & Melinda Gates Foundation has announced grants totaling more than $21 million to seven projects through its Grand Challenges in Global Health initiative.
Friday, December 7, 2012 — Sub-Saharan Africa

Global Impact Investing Network Receives GBP 10.5 Million Commitment from UK's Department for International Development

Source: Press Release

The Global Impact Investing Network (GIIN) announced today that the United Kingdom’s Department for International Development (DFID) will provide GBP 10.5 million to support the GIIN’s role in developing and growing the impact investing market in sub-Saharan Africa and Asia.
Wednesday, December 5, 2012 — Sub-Saharan Africa

AfDB, researchers launch $63 m initiative to lift Africans out of poverty

Source: Africa Science News

The African Development Bank (AfDB) and researchers have launched the US$63.24 million AfDB-funded initiative aimed to raise agricultural productivity and also lift millions of Africans out of poverty.
Tuesday, December 4, 2012 — Sub-Saharan Africa

Ecobank, IHS seal $202m deal for mobile network in Cameroun, Côte d’Ivoire

Source: The Guardian Nigeria

THE investment profile of the pan-African bank, Ecobank Group, may have risen with the signing of a syndicated loan facility with IHS Holding Limited, for the mobile tower investment and solar energy projects in Cameroun and Côte d’Ivoire.
Friday, November 30, 2012 — No Region Specified

MICROCAPITAL BRIEF: MasterCard Foundation, CGAP Announce $11.4m Partnership for Branchless Banking, Client Research

Source: Microcapital.org

The MasterCard Foundation, a Canada-based nongovernmental organization (NGO) supporting microfinance and education, and CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center, recently announced a USD 11.4 million partnership to develop low-cost financial products to assist people living in poverty.
Friday, November 30, 2012 — No Region Specified

ADB loans Bangladesh $300 mn to improve market

Source: Daily News

Dhaka, Nov 29 — The Asian Development Bank (ADB) and Bangladesh Thursday signed an agreement for $300 million loan to help the country stabilise its financial market, making it safer and more attractive to invest.
Wednesday, November 28, 2012 — South Asia

Accion’s Frontier Investments Group and Saama Capital Invest $4 Million in Mortgage Company

Source: Sacramento Bee

Early-Stage Equity to Help Expand Shubham Housing's Mission to Serve Urban Poor
Friday, November 16, 2012 — Sub-Saharan Africa

Carlyle Group to Make Africa Investment

Source: Wall Street Journal

Private-Equity Firm Is Latest to Follow Rush Into Continent With Sub-Saharan Fund; 'We're Here for the Long Haul'
Wednesday, November 14, 2012 — No Region Specified

GADCO Announces Investment from AATIF Fund sponsored by KfW, Deutsche Bank and the German Government

Source: Acumen Fund Blog

Global Agri-Development Company (GADCO), the FMCG agri-food company operating in sub-Saharan Africa, is pleased to announce an investment from AATIF (Africa Agriculture and Trade Investment Fund), the public-private partnership funded by the German Government, KfW, and Deutsche Bank.
Monday, November 5, 2012 — No Region Specified

World Bank introduces new investment lending policy

Source: Devex

The World Bank is a step closer to overhauling its policies and procedures as part of efforts to transform the U.S.-based lender into a “solutions bank.”
Monday, October 29, 2012 — No Region Specified

Ron D. Cordes on a Mission to Activate New Change Agents

Source: Forbes

Ron D. Cordes is a man on a mission to change the landscape of impact investing. He is the co-chairman of Genworth Financial Wealth Management (NYSE:GNW), which is responsible for over $25 billion in assets under management. He is also on the board of Impact Assets, a non-for-profit financial service firm focused on impact investments.
Wednesday, October 24, 2012 — Latin America

Lessons from Rio: the talking points from SEWF2012

Source: The Guardian

In a converted 1871 grain storage facility near Rio de Janeiro's old waterfront docks, I joined my fellow NESsT staff from 11 different countries to transform an empty historical building to a sustainably designed venue in a matter of days.
Tuesday, October 16, 2012 — Sub-Saharan Africa

AfDB, Citi and IFC Enter New Agreement to Support Trade Finance in Africa

Source: Citi Press Release

London - October 4, 2012 – The African Development Bank (AfDB) Group, Citi and International Finance Corporation (IFC), a member of the World Bank Group, have agreed to provide a $175 million thre-year revolving credit facility covering short-term trades for exporters and importers in Africa. This agreement builds on the success of a previous similar program launched in 2010 to help boost economic growth in the region.
Wednesday, October 10, 2012 — Asia Pacific

Oxfam launches fund to make 'impact investments' in the developing world

Source: Third Sector

The overseas aid charity is linking up with the City of London Corporation and Symbiotics to help small and medium-sized enterprises, with the first investment in Mongolia
Thursday, October 4, 2012 — No Region Specified

Social Enterprise - ImpactAssets50 provides view of growing impact investing landscape

Source: Trust Law

SAN FRANCISCO (TrustLaw) - A database of fund managers who invest for maximum social, environmental and financial impact shows that assets under management grew 15 percent compared to last year to $10.2 billion.
Friday, September 28, 2012 — Europe & Eurasia

Deutsche Bank Announces Essential Capital Fund at 2012 Clinton Global Initiative Annual Meeting

Source: Daily Finance

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced its Commitment to Action at the Clinton Global Initiative (CGI) Annual Meeting. The commitment was to the structuring of the Essential Capital Fund (the "Fund") which defines an innovative approach to providing early stage high risk money to support the impact investing sector.
Tuesday, September 18, 2012 — Latin America

Venture Capital Is Taking Off in Mexico

Source: CNBC

Mexico has a large, stable and growing economy, currently the 14th largest economy in the world and, according to Goldman Sachs, will be the fifth largest economy by 2050.
Friday, September 14, 2012 — South Asia

Allahabad MFI Sonata Finance raises $6.35M from Creation Investments, others

Source: VCCircle

Chicago-based Creation Investments made its first investment in India in 2010 by picking up stake in Eko India Financial Services.
Thursday, September 13, 2012 — South Asia

$4 billion planned for investment in social enterprise in 2012: Report

Source: The Economic Times

According to a global impact investment market study by JP Morgan, and the Global Impact Investment Network (GIIN), investors see the social enterprise as a market 'in its infancy and growing' with almost $ 4 billion planned for investment in 2012. Over the last eight years $ 600 million has been invested in social enterprises in India itself. The Monitor Institute estimates that over the next 5 - 10 years impact investments will grow to 1 percent of global assets under management, emerging as a new asset class.
Wednesday, September 12, 2012 — South Asia

Citi Foundation Grants $180k to Parinaam Foundation of India

Source: Microcapital.org

Citi Foundation, the charitable arm of the US-based financial provider Citigroup, reportedly has given a grant of INR 10 million (USD 180,000) to Parinaam Foundation, an Indian nonprofit organization, to deliver Parinaam’s Diksha Financial Literacy Program to approximately 31,000 microfinance clients.
Tuesday, September 11, 2012 — Sub-Saharan Africa

Does Africa really benefit from foreign investment?

Source: BBC

African economies have grown robustly over the past decade, but that has not solved the continent's economic problems.
Tuesday, September 11, 2012 — Sub-Saharan Africa

What is the Agaciro Development Fund?

Source: Devex

Rwanda is setting the stage in driving its own development, starting with the launch Thursday (Aug. 23) of the country’s national solidarity fund.
Friday, September 7, 2012 — South Asia

Intellecap facilitates investment of INR 250 million in NationWide, from Norwest Venture Partners

Source: Intellecap

Intellecap today announced that it has facilitated an investment of INR 250 million from Norwest Venture Partners in Nationwide Primary Healthcare Services, a pioneering chain of general practitioner and pediatric clinics backed by US based angels.
Thursday, September 6, 2012 — No Region Specified

North American impact investors are keeping their money close to home

Source: See Change Magazine

Most of the world’s poor live in developing markets. And, according to some experts, so do ventures with the most long-term growth potential. But relatively few North American impact investments leave Canada and the United States. Are impact investors missing out?
Tuesday, August 28, 2012 — Sub-Saharan Africa

The Rockefeller Foundation Supports Impact Investing Policy Research in Africa

Source: Rockefeller Foundation

The Rockefeller Foundation through its Impact Investing initiative is funding research in five sub-Saharan African countries which will contribute to two overarching goals: understanding the policy barriers and enabling environment for impact investing across Africa and recommending national policies to encourage the growth of the industry for the ultimate benefit of poor or vulnerable communities.
Friday, August 24, 2012 — South Asia

TISS to fund, mentor entrepreneurship students

Source: The Indian Express

The social entrepreneurship students of the Tata Institute of Social Sciences (TISS), keen on starting their venture at a time when the economy is volatile, now have a back-up. The institute has introduced a scheme this year to fund and mentor students pursuing masters in social entrepreneurship for three years.
Tuesday, August 21, 2012 — No Region Specified

SIFP and Fledge Form Partnership

Source: Fledge Press Release

Social Innovation Fast Pitch (“SIFP”) has partnered with Fledge, the “conscious company” incubator, to provide additional advice, mentorship, and support to the for-profit finalists of the SIFP 2012 program. Additionally, the SIFP 2012 Fund II investors have selected Fledge to manage the operations of this year’s $100,000 investment fund.
Thursday, August 16, 2012 — Sub-Saharan Africa

Acumen Fund Announces Duncan Onyango as New Director of Acumen Fund East Africa

Source: Acumen Fund Blog

Nairobi, Kenya, August 15, 2012 – Acumen Fund, a pioneering nonprofit global venture firm addressing poverty across Africa and in South Asia, today announced Duncan Onyango as the new Director of Acumen Fund East Africa. Mr. Onyango joins from Rift Valley Railways having served as Group Chief Finance Officer. He replaces Biju Mohandas who is leaving Acumen after five years of leading Acumen’s local office and building the portfolio to its current size of $29 million in cumulative investments. Mr. Mohandas will play an informal role through this transition.
Wednesday, August 15, 2012 — No Region Specified

With $2M from Eric Schmidt, biNu brings smartphone apps to dumb phones

Source: GigaOM

Eric Schmidt’s Tomorrow Ventures is leading a $2 million Series A round in biNu, an Australian startup that enables feature phones to run cloud-based smartphone apps such as Facebook, Twitter, Wikipedia and Google. BiNu highlights the opportunity in developing markets where smartphone penetration is low.
Wednesday, August 15, 2012 — Asia Pacific

TISS, DBS Bank tie-up to support social entrepreneurship

Source: First Post

Singapore-based DBS Bank and Tata Institute of Social Sciences (TISS) joined hands to launch a programme which will support social entrepreneurship.
Monday, August 13, 2012 — No Region Specified

Will Crowdfunding Ignite Investing For Profits And Purpose?

Source: Forbes

Can you earn a healthy return on your investment and help change the world at the same time? If you haven’t been paying attention, there are already thousands of entrepreneurs and investors betting that you can, with a multibillion-dollar market to show for it.
Tuesday, August 7, 2012 — No Region Specified

Morgan Stanley and Other Banks Get Serious About Sustainable Investing

Source: Institutional Investor

NO ONE CAN ACCUSE MORGAN STANLEY OF MERELY flirting with sustainable investment products. The April launch of Morgan Stanley Smith Barney’s Investing with Impact Platform and a similarly named firmwide initiative make it one of a handful of banks to institutionalize socially responsible investing.
Tuesday, August 7, 2012 — Sub-Saharan Africa

Ugandan Billionaire Ashish Thakkar Launches Venture Capital Fund For Young Entrepreneurs

Source: Ventures Africa

VENTURES AFRICA – Ugandan billionaire businessman Ashish J. Thakkar, under the auspices of the Mara foundation, a non-profit enterprise of Mara Group, today announced the formation and launch of a venture capital firm – Mara Launch Uganda Fund to support the needs of today’s entrepreneurs.
Wednesday, August 1, 2012 — No Region Specified

University Impact Fund Receives $100,000 Grant from Sorenson Impact Foundation

Source: Market Watch

SALT LAKE CITY, Jul 31, 2012 (BUSINESS WIRE) -- --Sorenson Impact Foundation Founder James Lee Sorenson is a Champion of Social Entrepreneurship. The University Impact Fund (UIF) today announced the receipt of a $100,000 grant from the Sorenson Impact Foundation, which will go towards improving operations and strengthening the program.
Monday, July 30, 2012 — South Asia

Acumen Fund Invests INR 1.5 Crore ($300K) in Edubridge Learning

Source: Acumen Fund Blog

Mumbai, India, July 25, 2012 – Acumen Fund, a pioneering nonprofit global venture fund addressing poverty across Africa and South Asia, today announced a INR 1.5 Crore ($300K) equity investment in Edubridge Learning Private Limited, a growing company that provides vocational skills training for low income youth across Maharashtra, Tamil Nadu, Karnataka, and Chhattisgarh
Thursday, July 26, 2012 — Sub-Saharan Africa

StartMe gives SA entrepreneurs crowdfunding

Source: My Broadband

South African entrepreneurs, who have been hard pressed to find funding via traditional means such as bank loans, can now take advantage of a new funding mechanism in South Africa – StartMe.co.za.
Friday, July 20, 2012 — Latin America

Bamboo Finance Invests R$7 Million (US$3.6M) in Bille, To Build 1200 Affordable Houses in Sao Paulo State

Source: Press Release

Geneva, Switzerland, July 19, 2012 – Bamboo Finance, a leading impact investment firm with a pioneering history of funding growth stage business models that drive economic viability in low-income markets, has invested R$7M (US$3.6M) in Bille, a Special Purpose Enterprise (SPE) created by Crinale, a Brazilian housing developer, for building and selling 1,200 houses in the interior of Sao Paulo State. Bille uses an innovative and efficient business model to build and sell affordable standard houses, reducing the time from development to sale by more than 50%. To date, Crinale has completed six affordable housing projects in five towns, delivering more than 1,100 low-income houses in the interior State of Sao Paulo.
Wednesday, July 18, 2012 — South Asia

"Having It All": Finding Profit and Purpose with Tahira Dosani

Source: Forbes

In the wake of Dr. Anne-Marie Slaughter’s article, “Why Women Still Can’t Have it All,” I had been thinking about how to have it all not in terms of balancing children and career, but rather in terms of finding a career that encompasses money and meaning. For many women in our 20s, the tradeoffs between pursuing our passions and supporting ourselves can be perplexing. We want to pursue work that excites us, but we don’t know when, where, or how to start. This is a dilemma I’ve faced myself, as I’ve worked in banking and private equity and am beginning work at an impact investing fund.
Tuesday, July 10, 2012 — Sub-Saharan Africa

Pearson to invest in low-cost private education in Africa and Asia

Source: The Guardian

Pearson, the UK education company and owner of the Financial Times, has launched a £10m fund to invest in private schools in Africa and Asia aimed at providing affordable education for poor children.
Friday, June 29, 2012 — South Asia

Annapurna Microfinance raises $2.36M from Incofin Investment Management

Source: VCCircle

Orissa-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 13 crore ($2.6 million) from Belgian investment firm Incofin Investment Management's Rural Impulse Fund II.
Tuesday, June 26, 2012 — No Region Specified

Village Capital seeks to help entrepreneurs with social purpose

Source: AJC.com

Entrepreneurial accelerator programs, where early-stage companies can get advice and sometimes funding, are not uncommon. When 15 startup businesses got together in Atlanta this spring for a 10-week program put on by the nonprofit organization Village Capital, however, it was something different.
Thursday, June 14, 2012 — Sub-Saharan Africa

Time For An African Valley? — Sub-Saharan Accelerators Start To Emerge

Source: Tech Crunch

The news that i/o Ventures had launched the Savannah Fund in Africa is clearly welcome news for an emerging continent. It’s $10m fund size will be a shot in the arm for the eco-system there. But I was surprised to see that it was being described in some quarters as the “first ever” Sub-Saharan African incubator and accelerator. Because it patently is not.
Thursday, April 12, 2012 — South Asia

Villgro Innovation Marketing Raises Seed Capital

Source: Press Release

Chennai based Villgro Innovation Marketing Private (VIM), an innovative rural distribution company, has raised a significant seed series investment from US-based investment firm Unitus Seed Fund and a group of angel investors to further expand its operations in South India.
Friday, March 23, 2012 — South Asia

Omidyar Network Backs Two More Indian Firms

Source: livemint.com

Omidyar Network started funding projects in India about two years ago with plans to invest up to $200 million in five years
Wednesday, March 21, 2012 — North Africa and Near East

GroFin Expands Pool of SME Funding to $323 million, Enters Three New Countries

Source: Press Release

GroFin, the multinational pioneer of growth finance working to create real impact through the support of small and medium businesses, has announced a growth in funds under management from $260 million to $323 million.
Tuesday, March 13, 2012 — No Region Specified

Citi Leads Investment in SJF's New Fund

Source: The Wall Street Journal

he team at SJF Ventures had to undergo federal background checks, submit fingerprints and provide 20 references each in order to obtain a license from the Small Business Administration for its new nationally focused impact investment fund, SJF Ventures III LP. The fund could be a potential new funding source for some start-ups with a social good focus.
Wednesday, March 7, 2012 — Asia Pacific

ADB Plans to Invest $100M in Environment Fund

Source: Inquirer Business

The Asian Development Bank is expected to invest about $100 million in a multinational fund that will be put up to boost investments in environment-related technologies and projects in developing countries like the Philippines.
Wednesday, February 29, 2012 — Sub-Saharan Africa

Omidyar Network and ACCION Invest US $3.2 Million in Mobile Transactions International

Source: PR Newswire

Omidyar Network and ACCION International announced today that they have invested US $3.2 million in Mobile Transactions International, a Zambia-based company that leverages mobile technology and an agent network to enable financial transactions across the Zambian economy. The $4 million investment round also includes $500,000 in converted debt funding from Mennonite Economic Development Associates.
Tuesday, February 14, 2012 — South Asia

Vikram Gandhi Sets Up Own Investment Bank

Source: livemint.com

It will handle domestic and cross-border deals and advise high networth individuals and global institutional investors such as pension funds and sovereign wealth funds (SWFs) which are looking to increase their allocation to India
  • Managing Partners

    William Davidson Institute
  • Sponsoring Partner

    Citi Foundation
  • Content Partners

    IADB
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