The convening partners on the Accelerating Impact Investing Initiative (AI3) project are pleased to present a new discussion paper, “Financing Social Innovation: Analyzing Domestic Impact Investing Policy in the United States.” The AI3 project is a collaborative effort between Enterprise Community Partners, the Initiative for Responsible Investment, and InSight at Pacific Community Ventures to research, identify and educate stakeholders on the best opportunities for strengthening impact investing in the United States through sound public policy. Informed by our research over the past year and a half, as well as the invaluable contributions of our partners and broader coalition, “Financing Social Innovation” offers a view into the intersection of federal policy and impact investing in the U.S. It includes a look at both historic and present ways policy leverages private dollars for social and environmental impact, and offers a set of criteria for evaluating new impact investing policy proposals going forward. The paper … Read More
BusinessAdvising.org is a nonprofit small business accelerator harnessing the model made famous by venture capital-backed tech startups (access to working capital, expert business advice, and extensive networks) to benefit businesses on “Main Street”. Since 1998, businesses working with us, on average, have seen their revenues increase by 25% on average, and added jobs at 10 times the national level. We’ve empowered hundreds of small businesses to create tens of thousands of jobs. The core of this program is you – the small business owner and volunteer advisor. Your commitment to be successful and to this community is what delivers real value for all. This toolkit is intended to support your hard work by providing some structure, templates, tips, best practices, resources, and lessons learned to set your advising match on the right path from Day One.
Impact measurement is central to the practice of mission investing, allowing mission investors to understand if their investments are meeting their goals and furthering their mission. In our white paper on Invest Northwest (a private equity investment established by Northwest Area Foundation in 2004), PCV’s InSight practice looks at eight years of social and financial performance. We detail how the fund has delivered consistent social impact since its inception, including: strong job growth; steady increases in annual median wages; and higher employee wages than at other private businesses nationally and regionally. Read the white paper now.
This report builds on the work of the IIPC over the last five years, to provide information and analysis on policy innovation as a critical tool to grow impact investing markets globally. This first-of-its-kind report broadens the conversation from what public policy could enable, to what public policy is actively addressing in so many different markets. The report includes a compilation of articles and case studies focused on issue-areas relevant to impact investing, including: conceptual pieces on the development and mapping of the policy system for impact investing; examples of specific public policy that have supported market development in different countries; and insights from private firms into how impact investing intersects with other key market areas, such as international development and infrastructure investment. It is hard to believe that it has been five years since Pacific Community Ventures (PCV) and the Initiative for Responsible Investment (IRI) joined forces to initiate … Read More
The California Initiative has committed over $1 billion to companies located in traditionally underserved markets, primarily, but not exclusively, located in California. The Initiative has sought to discover and invest in opportunities that may have been bypassed or not reviewed by other sources of investment capital. The California Initiative’s primary objective is to generate attractive financial returns, meeting or exceeding private equity benchmarks. As an ancillary benefit, the California Initiative was designed to focus investment in California’s underserved markets an invest in portfolio companies that: Have historically had limited access to institutional equity capital Employ workers who reside in economically disadvantaged areas Provide employment opportunities to women and minority entrepreneurs and managers
“Impact Investing 2.0: The Way Forward – Insight from 12 Outstanding Funds”, created in partnership with the Center for the Advancement of Social Entrepreneurship (CASE) at Duke University and Impact Assets, identifies twelve high-performing funds that have seen both financial and social returns on their investments. This report is designed to be a resource for the broad community interested in the future of impact investing, but especially for impact investing practitioners – those fund managers, investors, entrepreneurs, policymakers and advisors creating and managing new and existing funds and working hard to achieve successful social and financial performance. In the past few years, we’ve seen impact investing endorsed by some of our biggest financial institutions, taken up by G8 leaders, and receive repeated coverage in major newspapers. But for every pioneer blazing a path forward in impact investing, there are many others waiting at the sidelines.They have indicated they need more robust data … Read More
The California Initiative is a $1 billion economically targeted private equity investment strategy that seeks to generate attractive financial returns. As an ancillary benefit, the California Initiative was designed to create jobs and promote economic opportunity in California. To determine the extent of the ancillary benefits, CalPERS measures the impact of the California Initiative by examining portfolio companies that: Traditionally have had limited access to institutional equity capital Employ workers living in economically disadvantaged areas Provide employment opportunities to women and minority entrepreneurs and managers. CalPERS and Hamilton Lane engaged Pacific Community Ventures (PCV), a leader in measuring and interpreting community outcomes of investments, to collect, analyze and report on the California Initiative’s ancillary benefits. PCV has collected and analyzed data from California Initiative portfolio companies for the last eight years, beginning in 2005.