What’s New In Impact Investing? April Roundup

Patrick DugganImpact Investing, InSight

wind farms impact investments

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from April: The big news this month was The Ford Foundation’s announcement that it was putting $1 billion dollars of its endowment toward social impact investments. Foundations pioneered impact investing – or mission investing – with their program dollars, but it’s taken the maturation of the field for … Read More

What’s New In Impact Investing? March Roundup

Patrick DugganImpact Investing, InSight

impact investing ideas

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from March: Our friends at Mission Investors Exchange have been sponsoring an amazing series of articles in the Stanford Social Innovation Review, looking at foundations’ pioneering work in impact investing, and what those mission-investing leaders see next for the field. Over the last few years, foundations have, more … Read More

What’s New In Impact Investing? February Roundup

Patrick DugganImpact Investing, InSight

impact investing

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from February: We’re excited to announce our newest report on how mission investing can create good, working-class jobs across underserved rural areas. Over the past ten years, the Northwest Area Foundation has invested in a total of 20 companies across various sectors through its pioneering Invest Northwest mission … Read More

Invest Northwest Ten Year Performance Review

Tom WoelfelImpact Investing, InSight, Publications

Invest Northwest Ten Year Performance Review

We are pleased to share our latest report: Invest Northwest: Ten-Year Final Performance Review. For ten years Pacific Community Ventures has worked with the Northwest Area Foundation (NWAF) and the Annie E. Casey Foundation (AECF) to annually evaluate the social performance of Invest Northwest, a place-based mission-related private equity fund. Invest Northwest was created in 2004 with the twin objectives of generating market-rate financial returns and social returns aligned with NWAF’s mission — to support efforts by people, organizations and communities to reduce poverty and achieve sustainable prosperity in the northwestern states of the U.S. As a place-based investment, Invest Northwest was established to support business growth and retention as well as the creation of good jobs for residents within NWAF’s eight-state service region that encompasses Idaho, Iowa, Minnesota, Montana, North Dakota, Oregon, South Dakota, and Washington.  Invest Northwest was developed at a time when mission investing was still an emerging … Read More

What’s New In Impact Investing? January Roundup

Patrick DugganImpact Investing, InSight

impact investing jobs

  Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from January: Foundations of all sizes have been true leaders in the impact investing field, aligning their capital with their missions, ensuring a laser focus on impact and providing catalytic capital to attract other types of investors. Seeing the potential of impact investing for achieving transformative change, … Read More

What’s New In Impact Investing? December Roundup

Patrick DugganImpact Investing, InSight

social impact investing

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from December: Growing number of investors are attempting to create social value with their investments, but it’s often more difficult to achieve than one might think. Impact-fund managers, who invest mainly in privately held businesses, are having trouble finding companies that are ready to put large amounts of … Read More

Catalog of Economically Targeted Investments by Pension Funds

Patrick DugganImpact Investing, InSight, Publications

catalog of economically trageted investments

In October of 2015, the Department of Labor released new guidance on the Employee Retirement Income Security Act (ERISA). This reaffirmed that pension funds — holders of $20+ trillion in capital — could pursue economically-targeted investments (ETIs). These kinds of investments let pension funds put their capital to work in ways that not only generate financial returns but also create jobs and support local economies and the environment — furthering the long-term interests of their plan participants and beneficiaries. Following the one-year anniversary of the ERISA ETI guidance, the Accelerating Impact Investing Initiative (AI3) is pleased to share a first-of-its kind online catalog of 118 pension fund ETIs and an accompanying research brief that extensively documents ETIs and offers insight into trends, analysis, and reflections. The majority of ETIs (70%) were made by public pension funds The average number of ETIs per year was highest between 1994 and 2008, with … Read More

California Organized Investment Network Report

Patrick DugganImpact Investing, InSight, Publications

COIN Report PCV

Despite the increasing size and sophistication of community financial development institutions (CDFIs) like PCV — as well as the broader impact investing industry — accessing capital from institutional investors like insurance companies remains exceptionally difficult for most CDFIs and other investors seeking financial returns in addition to positive social or environmental impact. Raising institutional capital can be challenging for several reasons, namely the institutional investors’ stringent investment policies, lack of familiarity with the impact investing industry, the misconception that investments in this arena are necessarily concessionary, and the mismatch between supply and demand for capital — the smallest investments that large institutional investors can make (e.g. $20 million) is often much larger what a CDFI or small fund manager wants or is able to raise. Yet with over a trillion dollars in annual revenues, the U.S. insurance industry represents a vast, largely untapped source of capital for impact investors. The California Organized Investment … Read More

Examining the Development and Implementation of California FreshWorks

PCV InSightImpact Investing, InSight, Publications

california freshworks

This case study examines the development and implementation of the California FreshWorks program, a $273 million healthy food financing initiative launched in July 2011 by a broad coalition of public and private partners led by the California Endowment. As part of an evaluation team commissioned by the California Endowment, PCV InSight and the Sarah Samuels Center for Public Health Research and Evaluation conducted interviews with FreshWorks investors, advisors, and other key stakeholders in order to document FreshWorks’ origins and implementation. In addition, the case study examines key challenges and lessons learned during the program’s first years of operation that can inform others in the healthy food financing and impact investing communities.  The case study also describes future directions for the FreshWorks program. This case study is one of three reports released as part of the evaluation of the California FreshWorks program. The other two reports, The Social and Economic Impacts … Read More

California FreshWorks Food Access Report

PCV InSightImpact Investing, InSight, Publications

california freshworks

This report evaluates the changes in community food access as a result of the California FreshWorks program, a $273 million healthy food financing initiative launched in July 2011 by a broad coalition of public and private partners led by the California Endowment. The report examines three FreshWorks-funded Northgate González grocery stores that received New Markets Tax Credit financing and seeks to answer two key research questions: Are the new retail food stores meeting unmet need for grocery services? How do community members perceive the benefits and/or negative consequences of the new stores? To answer these questions, the evaluation team, led by the Sarah Samuels Center for Public Health Research and Evaluation with research support from Dr. Allison Karpyn of the University of Delaware, and Dr. Karen Glanz of the University of Pennsylvania, used a mixed-method approach including key informant interviews with store managers, intercept surveys with store shoppers, grocery store … Read More