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Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects
A consortium of leading financial institutions and investors today announced a new partnership under the Catalytic Finance Initiative (CFI) to direct $8 billion in total commitments toward high-impact sustainable investments. Partners joining the CFI include AllianceBernstein (AB); Babson Capital Management LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual); Crédit Agricole CIB; European Investment Bank (EIB); HSBC Group; International Finance Corporation (IFC), a member of the World Bank Group; and Mirova, a subsidiary of Natixis Group, all of which have pledged capital and expertise to develop and advance innovative financing structures for investments in clean energy and other sustainability focused projects. In addition, the Aligned Intermediary, representing a group of long-term institutional investors, will collaborate on specific investment opportunities with members of the partnership. This announcement follows last year’s ratification of the United Nations Sustainable Development Goals (SDG) and the historic climate agreement in Paris. It aims to promote the SDG objectives, including acting on climate change and advancing access to clean energy and water.
- Categories
- Impact Assessment, Investing
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Capria accepts inaugural cohort into Capria Network, prepares to accept second cohort
After completing its inaugural four-week Intensive, Capria has accepted 3 impact fund management teams into the Capria Network: iungo capital, Vakayi Capital, and Pomona Impact headquartered in Uganda, Zimbabwe, and Guatemala, respectively.
- Source
- Press Release
- Categories
- Investing
- Tags
- impact investing
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For-Profit Bank Becomes First Benefit Corporation Bank in U.S.
Virginia Community Capital (“VCC”) announces that it has converted its wholly-owned, FDIC-insured, for-profit bank into a Benefit Corporation. VCC’s is the first regulated bank in the United States of America to become a Benefit Corporation. The conversion will attract new investors to help communities and people all across the Commonwealth of Virginia prosper. The conversion does not affect the bank's status as a state-chartered banking corporation.
- Categories
- Impact Assessment, Investing
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This Isn’t China: The “Amazon of India” Will Be Amazon and “Uber of India” Will Be Uber
I was at a conference the other day, speaking on a panel with VCs and angels, when we were asked a question: With the softening of valuations and the famous Flipkart markdown, is there still a large internet opportunity in India?
- Categories
- Investing
- Region
- South Asia
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The Evolution of Impact Investing – An Interview with Amit Bouri
Since its founding in 2009, the GIIN has become a standard bearer for the industry, providing everything from specialized training to fund managers and a searchable database of funds and products, to an active Career Center and the influential IRIS catalog of performance metrics. We spoke with Amit Bouri, the chief executive officer and co-founder of the GIIN, about his views on the sector's challenges and future.
- Categories
- Impact Assessment, Investing, Social Enterprise
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The Latest in Social Impact Investing: An Online Matchmaking Platform
Enable Impact matches investors to social impact companies or projects looking for Series A funding to scale up operations.
- Categories
- Investing
- Tags
- impact investing
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Weekly Roundup: A New Africa Accelerator – What Moms, Kids and GE Get Out of It
This week, GE and Santa Clara University’s Miller Center for Social Entrepreneurship announced the healthymagination Mother & Child Initiative, which intends to help social enterprises refine their business plans, manage their human capital and prepare for growth. We discuss this program, the value of old-school development solutions, and (potentially) big news from Facebook in this roundup.
- Categories
- Investing, Technology
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India Expects First Loan From China’s Infrastructure Bank
The bank is China’s latest thrust into international diplomacy.
- Categories
- Investing
- Region
- South Asia
- Tags
- renewable energy, solar
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