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Omidyar Network Spins Out New $100 Million Venture Fund Called Spero Ventures
Called Spero Ventures, the fund counts Omidyar as its sole limited partner and will include 13 for-profit investments made by Mahesh and her colleagues while they were part of Omidyar Network. Mahesh and her fellow partner Rob Veres, as well as employees Ha Nguyen, Sara Eshelman and Christina Li have already made two investments on their own, in Fathom and Markov.
- Categories
- Investing
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Viewpoint: Nonprofit Earned-Income Ventures Aren’t Rockets: Another Launchpad Failure
Hailed as a potential game changer, ImpactUs fell apart eight months after opening even though the impact-investing intermediary had the backing of the MacArthur Foundation, Ford Foundation, Kellogg Foundation, Open Road Alliance, Enterprise Community Partners, and City First Enterprises. Another firm is picking up the pieces, so it may not be a total loss, but why did the initial effort flame out so quickly? Here, John MacIntosh advances some tenets for nonprofits to follow to give their venture activities a greater chance of success.
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- Investing
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Impact investor Aavishkaar-Intellecap to raise up to $75m to fund growth
The capital raised from the fundraising will allow Aavishkaar-Intellecap Group to support its subsidiaries as they look to scale and to seed some new businesses, says founder Vineet Rai.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing
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Viewpoint: What impact investors can learn from activists
The good news is that, just as there are thousands of professionals globally dedicated to the fine art of money management, there are just as many people dedicated to social justice, whether taking action in their own communities or working within non-profit organizations. Impact investors can learn from these activists how to ensure their investments are actually doing social good.
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- Investing
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GIIN Roadmap Presents ‘Unashamedly Ambitious’ Vision For Impact Investing
The framework, which was started to coincide with the 10 year anniversary of the coining of the term impact investing, assesses industry progress to date and outlines specific actions needed to exponentially enhance the scale and effectiveness of impact investing across the world.
- Categories
- Investing
- Tags
- ESG, impact investing
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Inspire Corporate Bond Impact Fund Grows to Become Largest Socially Responsible Investing Fixed-Income ETF in the U.S.
Inspire Investing continued their ascension in the investing industry with a big day of inflows on Tuesday, propelling their Inspire Corporate Bond Impact ETF (NYSE: IBD) to become the largest Socially Responsible-themed fixed-income ETF by assets under management, according to data from ETF.com.
- Categories
- Investing
- Tags
- ESG, impact investing
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Just desserts – Sara Lee foundation to invest all assets into social change
“How we invest our assets and leverage our influence as an investor are powerful tools to make that change to happen.”
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- Investing
- Region
- North America
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Viewpoint: Foundation Impact Investing Is Gaining Steam. But Can Proponents Answer These Four Questions?
This week, it’s the Nathan Cummings Foundation making a move. And it’s going all in, pledging to “align 100 percent of our nearly half-billion dollar endowment with our mission.” NCF is the largest foundation to take this step, and it follows most directly in the footsteps of the F.B. Heron Foundation, which made the shift to 100 percent alignment under the leadership of Clara Miller. In contrast, the other major foundations engaged in impact investing—an increasingly long list—have mostly committed only small portions of their endowments to this approach.
- Categories
- Investing