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Press release: India’s Aavishkaar Bharat Fund Attracts $95m for Impact Investing from Investors Including CDC, SIDBI, Munjal Family Office (Hero Corporation), TIAA
The fund will support businesses in India that further Aavishkaar’s mission to “enhance livelihoods and reduce vulnerabilities for the low-income population” in “a range of sectors, namely agriculture, dairy, education, energy, handicrafts, health, water and sanitation, technology for development, microfinance and financial inclusion.”
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- Investing
- Region
- South Asia
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India is a fertile environment for impact investing: Bill McGlashan
As a $2 billion (around ₹13,000 crore) impact investment fund, managed by the US-based private equity firm TPG Growth, The Rise Fund is one of the most ambitious of its kind.
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- Investing
- Region
- South Asia
- Tags
- ESG, impact investing
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Can Index Funds Be a Force for Sustainable Capitalism?
The investment industry is changing. Among other things, there is growing demand from both retail and institutional investors to align their capital with better environmental and social outcomes, and more resources going into index fund or quasi-indexing products. These two trends may seem separate—or, some people believe, incompatible—but together I believe they have the power to improve finance’s role in the world. Index funds can be a force for sustainable capitalism.
- Categories
- Investing
- Tags
- ESG, impact investing
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Could this investment strategy help keep convicts from returning to prison?
Could a financial institution invest in solving some of the nation’s biggest social challenges — and reap a return? This was a question Goldman Sachs faced when approached to invest in a program to reduce recidivism among teenage inmates at New York City’s Rikers Island prison.
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- Investing
- Region
- North America
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Do-Good Investors: Watch Out For What These Funds Hold
If you listen to the marketing hype, assets devoted to ESG—industry jargon for investments sensitive to environmental, social and governance issues—account for some $8.7 trillion, double the amount just five years ago. That's great news for the planet, right? Not so fast. Much of the growth is a matter of semantics. What were once run-of-the-mill value or growth funds are being reclassified as sustainable or ESG-friendly.
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- Investing
- Tags
- ESG, impact investing
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USAID Announces A New Development Impact Bond
Launched Thursday, the Utkrisht Impact Bond, named for the Hindi expression for excellence, will fund maternal and newborn health in the Indian state of Rajasthan. DIBs are results-based contracts, in which investors — in this case UBS Optimus Foundation, a grantmaking organization focused on improving the lives of children — provide financing for social programs upfront.
- Categories
- Health Care, Investing
- Region
- South Asia
- Tags
- impact investing
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Ford Foundation hires Swan to lead Mission Investments portfolio
The Ford Foundation announced today the appointment of Roy Swan as director of its Mission Investments team based in New York. Swan will lead a dedicated team managing the portfolio announced in April, when Ford committed to invest $1 billion over the next ten years in mission-related investments (MRIs).
- Source
- Press Release
- Categories
- Investing
- Tags
- impact investing
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Alibaba launches US$1.5 billion fund to help fight poverty in China
At a conference attended by the company’s 36 partners at its headquarters in Hangzhou, executive chairman Jack Ma announced it would set up the Alibaba Poverty Relief Fund, with the money to be donated over the next five years.
- Categories
- Investing
- Region
- Asia Pacific