Impact Investing
Diana Propper de Callejon on Integrated Value Investing
In her paper, "Integrated Value--A New Private Equity Model for Driving Value Creation," adapted from an article published in Private Equity International, Diana Propper de Callejon, a General Partner of Expansion Capital Partners LLC and a member of Capital Institute’s Board of Directors, reports on the emerging opportunities for investing in sustainability that her venture capital firm is accessing as it identifies the “next wave” companies that are truly embedding sustainable practices into the core of their business models. (In an upcoming Profile we will talk with Propper de Callejon in depth about her personal journey from clean tech investor to integrated value investor.)
Patient Capital Collaborative
An Innovative Funder of Sustainable Companies Seeks to Establish its Own Sustainable Business Model
Some people talk about impact investment. Some people dabble with their own surplus funds. Some commit. Sky Lance and Tom Balderston have selflessly committed not just funds, but their full-time professional efforts to lead this important, catalytic initiative that leverages the deal flow and community of Investors' Circle in the impact investment space. I recall encouraging Sky to make the commitment at a conference in Sundance (after dropping and breaking a wine glass almost on Robert Redford's foot—no joke). I told him how important would be the contribution he could make by investing his experience and leadership in this idea. My hope is that all the institutions now growing excited about the potential of impact investment will consider supporting, and investing in, as I do, the Patient Capital Collaborative. Few initiatives have the potential to move the field forward professionally and collectively as does the PCC under Sky and Tom's leadership.—John Fullerton, founding PCC Limited Partner
B Lab Advances Stakeholder Capitalism
I had the pleasure of attending B Lab’s National Leadership Gathering last week in Long Branch, New Jersey. B Lab is a non-profit organization dedicated to using the power of business to solve social and environmental problems. “B Corporations” explicitly seek to balance the needs of all stakeholders, and this requirement is written into their charter. Two States (Maryland and Vermont) have passed B Corp legislation, and many others are considering it, including New York.
B Lab Advances Stakeholder Capitalism
Submitted by John Fullerton on Sun, 10/24/2010 - 8:54pm
Author:
John Fullerton I had the pleasure of attending B Lab’s National Leadership Gathering last week in Long Branch, New Jersey. B Lab is a non-profit organization dedicated to using the power of business to solve social and environmental problems. “B Corporations” explicitly seek to balance the needs of all stakeholders, and this requirement is written into their charter. Two States (Maryland and Vermont) have passed B Corp legislation, and many others are considering it, including New York.
Level 3 Capital Advisors
Level 3 Capital Advisors
Level 3 Capital Advisors, LLC, is John Fullerton's holding company for his impact investment activities including direct investments, fund investments, and occasional strategic advisory engagements.
NCIF's Social Performance MetricsSM for Banks
National Community Investment Fund (NCIF), a certified Community Development Financial Institution (CDFI), was established in 1996 as a nonprofit entity “to invest capital in and enable knowledge transfer to Community Development Banking Institutions (CDBI) around the country.” CDBIs are depository financial institutions that operated in low- and moderate-income areas and have as their mission to generate economic and community development impact. NCIF currently has approximately $150 million in assets under management including $128 million of New Market Tax Credits. It has invested over $24 million in capital in 45 US CDBIs. Seventy-three percent of these institutions are either minority- or woman-owned or managed, and 19 percent are located in rural areas. NCIF has also provided seed capital to six de novo banks.
Impact Investing: An Introduction
A space in the capital markets where the world of investing for profit and the world of investing for desired social and environmental outcomes meet and merge is attracting a growing and diverse group of investors. They are funding sustainable specialty coffee farms in Tanzania, affordable housing projects in New York City, and post-consumer recycled paper manufacturers in San Francisco.
Rose Smart Growth Investment Fund: Repairing and Greening the Fabric of Cities
“To repair the fabric of cities, towns and communities while preserving the land around them” is the stated mission of Jonathan Rose Companies. It may sound like an unusually lofty, exceedingly idealistic goal for a real estate company. But Jonathan Rose Companies is more than about developing real estate.
Founded in 1989 by a third-generation developer who sought to mix his passion for real estate with his passion for making a difference in urban communities, every project of Jonathan Rose Companies is guided by five principles: First, to increase the diversity of the places where people live and work--mixing public spaces with residences, workplaces, marketplaces, and education and spiritual centers. Second, to build with environmental sensitivity using a combination of high-tech modeling techniques and practical, often low-tech solutions. Third, to support the integration of work life and personal life--as expressed by “livelihood.” Fourth, to be mindful of the linkages between projects, users and their surroundings. And fifth, to consider that change is a given for real property as it is for all things, and thus to recognize that development projects must be conceived to adapt to often unanticipated future needs.
GIIN: Working For a More Transparent Impact Investing Sector
August 2012 Update—In June 2010 Capital Institute posted the profile below of the Global Impact Investors Network (GIIN), a not-for-profit focused on promoting a more transparent and efficient global impact investing market. The Global Impact Investors Network (GIIN) has since made significant strides through a variety of initiatives toward its goal of supporting the growth of the market sector.
