February 22

The California Endowment Will Plow Its Entire $4 Billion Into Mission Investments

ESG may be a dirty acronym to some institutions these days, but one endowment is going all-in on it.

The California Endowment, a private non-profit focused on expanding access to affordable and quality healthcare in the state, is expected to announce that it is planning to move its entire $4 billion in assets under management into mission-aligned investments. The endowment is one of the largest to do so, following in the footsteps of the Heron Foundation and the Nathan Cummings Foundation.

Source: Institutional Investor (link opens in a new window)

ESG, impact bonds, impact investing