Bankers ride boom in social enterprises
Monday, March 25, 2013
Putting private capital to public service is booming in Asia, and some investment bankers are quitting their high-profile jobs to support “clean and green” enterprises.
The switch does not mean forsaking the pursuit of good investment returns, says Eric Savage, the co-founder and president of Unitus Capital. Savage previously headed the power and infrastructure desk at Citigroup’s Salomon Smith Barney unit in Hong Kong.
Returns from investing in growth-stage social enterprises could be as lucrative as from investing in other projects, he said.