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Social Business Roundup: A New Leader at Rockefeller, a New Investment in Global Health, and a New Mobile Money Frontrunner in India
When Raj Shah left USAID as its administrator in 2015, he went on to form – not a charity, not an NGO – but a private equity fund, Latitude Capital, which invests power and infrastructure projects in emerging markets. Now that he's been named president of the Rockefeller Foundation, what course will Shah chart? We cover that question, and several other intriguing developments, in our social business roundup.
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- Health Care, Investing
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China Launches $1.5bn Fintech Fund
A consortium of Chinese state-owned companies and private enterprises has created a $1.44 billion investment fund dedicated to fintech mergers and acquisitions.
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- Technology
- Region
- South Asia
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Better Ventures Closes $21 Million Fund to Back the Next Tesla or Patagonia
Oakland-based venture capital firm Better Ventures recently closed its second fund at $21 million according to cofounder and managing director Wes Selke.
- Categories
- Impact Assessment, Investing
- Tags
- impact investing
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Rockefeller Foundation Picks Rajiv J. Shah, a Trustee, as President
Rajiv J. Shah, a trustee of the Rockefeller Foundation, was asked about six months ago to join the committee that would select the foundation’s next president. He said no. Instead, Mr. Shah, who until recently had been the administrator of the United States Agency for International Development, ultimately said he wanted to be considered for the post.
- Categories
- Uncategorized
- Region
- North America
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- impact investing
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Retirement Plan Sponsors Remain Cautious on Impact Investing and ESG
2016 was an effective year for providers and recordkeepers searching to incorporate socially and environmentally conscious investment themes; yet fear of fiduciary risk and industry jargon are slowing progress among defined contribution (DC) plans.
- Categories
- Impact Assessment, Investing
- Region
- North America
- Tags
- ESG, impact investing
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Staying and ideating together, the start-up way
A young and successful Kerala-based entrepreneur is leading by example and piloting an ‘impact sourcing’ project in the State. Also known as socially responsible outsourcing, ‘impact sourcing’ is an arm of the business process outsourcing industry that employs people from the base of the pyramid.
- Categories
- Impact Assessment, Technology
- Region
- South Asia
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Summer of Impact Investing: ImpactAlpha Flags 10 Recent Developments Shaping the Sector
In July, NextBillion launched a collaboration with ImpactAlpha to highlight coverage of the top stories, leaders and trends in impact investing. This article, which appeared on July 12, proved to be the most popular post that month, and is entered in this year's Most Influential Post of 2016 contest. We're publishing a new entrant in the contest every day through Jan. 2; be sure to vote for your favorite.
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- Investing, Social Enterprise
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Could Fiduciary Standards Be Lowered to Encourage ESG?
Groom Law says the strong push in international bodies such as the European Commission and OECD to encourage pensions to take into account environmental, social, ethical and governance (ESG) factors could spill over to the United States.
- Categories
- Environment, Impact Assessment, Investing
- Tags
- ESG, impact investing