NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, July 14, 2016

Big Path Capital in collaboration with several wealth advisors and consultants today announced the winner of the SmarterMoney+ Fund Metrics Scholarship: Media Development Investment Fund (MDIF).  This group of leading impact investors and experts reviewed a range of impact reports and tools employed by the more than a dozen scholarship applicants to select the top 3 ranked funds based on outcomes-oriented impact measurement, management and reporting.  Bridges Ventures and Althelia Ecosphere were ranked in the second and third position, respectively.

“Given that there has been so much noise and confusion around impact measurement and rating systems, we saw a need to survey the marketplace for practices, tools and frameworks available to investors and through a collaborative and comparative process to aid in developing best practices for evaluating and measuring impact,” said Jyoti Aggarwala, Director, Big Path Capital.

“In ranking of the funds, we wanted to see not just a laundry list of impact measurements but also some connectivity between those measurements and whatever the impact theory and strategy was……and MDIF did an exemplary job of that,” said Nick Flores, Director,Impact Investing.