Weitere Kapitel dieses Buchs durch Wischen aufrufen
Over the last two decades, a growing focus on for-profit investment for social impact has highlighted the opportunity for private capital to play a meaningful role in addressing social change in new, substantive ways. Heightened activity in the public policy arena, growing support from many prominent private foundations, and mounting political will around community-based economic development programs are all contributing to an environment now conducive to attracting private capital with a social mission. Importantly, as more categories of investors seek to make an impact, socially minded investment is beginning to demonstrate its potential to provide market rate returns.
After briefly tracing the evolution and appeal of impact investing in the environmental, health, and education sectors, this chapter discusses how patient capital invested under the right conditions can also achieve significant levels of social impact in the form of economic empowerment for underserved populations through providing quality employment opportunities. When such investments can also deliver financial returns on a par with money invested in “socially neutral” markets, this can translate into major increases in capitalization of socially positive companies especially during their growth stage.
In this context, the author also identifies an emerging opportunity for impact investing in later stage businesses, with the full potential to generate returns that would typically be attractive to private equity investors. The chapter concludes that with well-managed, smaller sized funds, late-stage impact investors can play an important role in enabling social change while also realizing attractive financial returns.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
99 Degrees Custom (n.d.) 99 Degrees custom home page. http://www.99degreescustom.com/. Accessed 29 June 2016
Banerjee D, Collins M (2015) Bain capital hires former Massachusetts Governor Deval Patrick. Bloomberg. http://www.bloomberg.com/politics/articles/2015-04-14/bain-capital-hires-former-governor-deval-patrick-for-social-fund. Accessed 29 June 2016
Brest P, Born K (2013) Unpacking the impact in impact investing. Stanford Social Innovation Review
Bugg-Levine A, Emerson J (2011) Impact investing. Jossey-Bass, San Francisco
Colorado Impact Fund (n.d.) Colorado impact fund home page. https://coloradoimpactfund.com. Accessed 29 June 2016
HCAP Partners (2016) HCAP home page. http://www.hcapllc.com/. Accessed 29 June 2016
Huntington Capital (2014) Impact case study, quality of workforce. RPI (Reischling Press). Huntington Capital LLC. https://static1.squarespace.com/static/51888c07e4b091a1ff87ef57/t/54be9acae4b0b6737e0993a2/1421777610788/RPI+-+Building+an+Inspired+Culture+-+Nov+2014.pdf. Accessed 29 June 2016
Lewis J (2015) Impact investor motive: money or mission? http://us4.campaign-archive1.com/?u=a7a9993189c38ec285f765cc2&id=41df7c7763&e=b9c773474c. Accessed 29 June 2016
Patagonia (2016) Environmental and social responsibility. http://www.patagonia.com/us/environmentalism. Accessed 29 June 2016
Saltuk Y, Idrissi AE, Bouri A, Mudaliar A, Schiff H (2015) Eyes on the horizon: the impact investor survey. Global Impact Investing Network. https://www.jpmorganchase.com/corporate/Corporate-Responsibility/document/impact-investor-survey-2015.pdf. Accessed 29 June 2016
Sirull B (2015) 2014 Was the year of impact investing: what’s next for 2015? Triple Pundit. http://www.triplepundit.com/2015/01/2014-year-impact-investing-whats-next-2015/. Accessed 29 June 2016
SJF Ventures (2015) SJF home page. http://www.sjfventures.com. Accessed 29 June 2016
Under Armour (2012) Code of ethics and business conduct. http://www.uabiz.com/company/ethics.cfm. Accessed 29 June 2016
USSIF Foundation (2014) Report on US sustainable, responsible and impact investing trends. The Forum for Sustainable and Responsible Investment
- Catalyzing Social Impact Investments
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Best Practices zu agiler Qualität