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IntelleGrow in talks to raise $100m via debt, equity in next few months
With its eyes set on doubling its assets under management to Rs 640 crore ($99 million) this year, venture debt firm IntelleGrow is in talks with investors to raise $100 million through debt and equity.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
- Tags
- ESG, impact investing
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India: Hero Enterprises to invest $15.5m in Aavishkaar Bharat Fund
Hero Enterprises today announced a Rs 100 crore ($15.5 million) investment in impact investor Aavishkaar’s new fund, the Aavishkaar Bharat Fund. Aavishkaar Bharat Fund is the investor’s sixth fund, and is a SEBI registered Category II Alternative Investment Fund.
- Categories
- Investing
- Region
- South Asia
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ImpactUs Welcomes First Issuers to its Impact Investing Marketplace
Financial technology provider ImpactUs today announced the onboarding of the first issuers to its impact investing platform, ImpactUs Marketplace. The Marketplace is a community-driven full-service platform offering institutions, individuals and financial advisors an extensive range of private impact investing opportunities.
- Categories
- Impact Assessment, Investing
- Region
- North America
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‘Wall Street Meets Impact’: SOCAP’s Owners – New and Old – Discuss its Move Toward the Mainstream
Last month, SOCAP made headlines with a bold announcement: The network of social impact-focused investors and entrepreneurs is moving to new ownership to "begin expanding its brand reach to larger, more mainstream audiences." As its first initiative, this new-look SOCAP is launching the Good Capital Project, which aims to "drive greater collaboration and accelerate capital flows into purpose driven investments." We discussed these developments with SOCAP's co-founder, Kevin Jones, and John Morris of V2V Associates, who helped pull the new ownership deal together.
- Categories
- Investing, Social Enterprise
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New Impact Investing Benchmarks to Arrive
The global-investment firm Cambridge Associates will unveil in a couple weeks real-asset impact-investing benchmarks in real estate, infrastructure, and timber. The new benchmarks “focus on the financial performance of the private funds, categorizing them by year and size,” says Jessica Matthews, managing director at Cambridge Associates.
- Categories
- Impact Assessment, Investing
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Embrace Your Liberalism, Impact Investing: A Q&A with a ‘Biblically Responsible Investor’
Inspire Investing, a leader in the “Biblically Responsible Investing” movement, recently launched two funds targeted at conservative Christians. The funds, which screen out companies that participate in abortion, gambling, alcohol, pornography or “the LGBT lifestyle,” attracted $42 million in assets in just the first two weeks, demonstrating a clear appetite for alternatives to the “politically liberal agenda" of most SRI funds, Inspire founder Robert Netzly says in this podcast. Should traditional SRI just accept this growing politicization and embrace its liberal roots?
- Categories
- Investing
- Tags
- ESG, impact investing
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The case against ethical investing
Don’t get me wrong: I’m a huge fan — to a problematic degree, some might argue — of socially responsible companies. That said, giving up on ‘good’ companies and embracing the 'bad' and the 'ugly' has its merits – both from a financial standpoint and an ethical one.
- Categories
- Impact Assessment, Investing
- Tags
- ESG, impact investing
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A new asset class is gaining ground as investors turn socially and environmentally conscious
In one of its latest efforts to raise funds, Singaporean real estate developer City Developments Limited issued a green bond — a fixed income product with proceeds used to finance projects or activities that help the environment.
- Categories
- Investing
- Tags
- ESG, impact investing