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

Monday, May 28, 2018

By Lee Mannion

A global investment club for the wealthy whose members aim to bring about social or environmental change as well as making a profit has grown by more than $1 billion in two years, according to a report.

Toniic said its members now have a combined $2.8 billion in so-called impact investments – capital placed with companies and organizations that can demonstrate they benefit society or the environment – up from $1.65 billion in 2016.

Members, who include families and foundations as well as wealthy individuals, said the industry was becoming more mainstream.

Photo courtesy of fsecart.