CARE Enterprises Announces Plans to Deploy $30 Million through Investment Structures and Collaboration with World Economic Forum’s Fourth Sector Development Initiative
Today, CARE Enterprises Inc. announces its collaboration with the Fourth Sector Development Initiative of the World Economic Forum and its plans to deploy $30 million in patient capital through flexible deal structures to meet the unique needs of for-benefit entrepreneurs that are creating transformative economic opportunity for people living in poverty.
For-benefit enterprises are hybrid business structures whose primary purpose is to deliver social and environmental benefit. They constitute a fourth sector of the economy, which has been growing at the intersection of the traditional private, public and nonprofit sectors for decades.
CARE Enterprises collaborates with other organizations to support and scale for-benefit enterprises. CARE Enterprises is participating in the Fourth Sector Development Initiative (FSDI), a newly formed multi-stakeholder initiative of the World Economic Forum Global Future Council on International Governance, Public-Private Cooperation and Sustainable Development in partnership with the Fourth Sector Group. FSDI brings together public, private and philanthropic institutions committed to catalysing trillions of dollars of fourth sector growth by 2030 through fostering the enabling ecosystem required for for-benefit enterprises to flourish.
Photo courtesy of John Twohig.