Venture Capitalist: Managers Need to Take More Risks in Impact Investing
Speaking on a panel at The Economist’s Impact Investing conference Wednesday, Nancy Pfund, the founder and managing partner of DBL Partners, was critical of larger institutions and said their lack of aggressiveness in impact investing was holding back the asset class.
“We need more people to jump in,” Pfund said. “We’re creating the 21st century icons in this asset class.”
She singled out another panelist, Roland Lescure, chief investment officer of Caisse de dépôt et placement du Québec, a large public and private pension manager in Canada. She said that his management firm was one of the more progressive of the large managers, but it should do more to help growing companies.
“We need people, like Roland, to not sit on the sidelines and take some risks,” Pfund said.