NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Elizabeth McGeveran was named impact investing program director at the $2 billion McKnight Foundation, Minneapolis, spokesman Tim Hanrahan said.

It is a new position. Ms. McGeveran will lead the foundation’s efforts to invest $200 million over the next five years in its mission-driven investments, beginning with “opportunities to accelerate the transition to a low-carbon economy and to support sustainable regional development in Minneapolis-St. Paul,” a news release said.

Ms. McGeveran will join the foundation in September and report to Kate Wolford, president of the foundation, Mr. Hanrahan said.

Ms. McGeveran most recently consulted for Confluence Philanthropy and until 2013 was senior vice president of governance and sustainable investment at F&C Asset Management.