May 2023 | Field News & Resources
This page features this month's highlights, announcements, resources, and general news related to advancements in the impact investing field.
- In case you missed it, the latest issue of The Foundation Review focuses on impact investing and has various contributions by MIE members including a promising place-based collaborative impact investing fund.
- Illumen Capital, a fund-of-funds focused on racial and gender diversity in investing, has closed its second fund on $168 million, led by the Ford and WK Kellogg foundations along with more than 100 other investors.
- Shanaysha Sauls, President & CEO of the Baltimore Community Foundation, shares how impact investing benefits Baltimore and how we need more of it in her Op-Ed in The Baltimore Sun.
- As a founding member of the Indonesia Impact Alliance (IIA) and an impact investor on a global scale, Ford Foundation will support the IIA to bring together investors, entrepreneurs, and government to develop an impact investing ecosystem in Indonesia that allows businesses to gain financial returns while solving social and environmental problems.
- Horizon Capital, a U.S. private-equity firm investing primarily in fast-growing tech and export-oriented companies in Ukraine, announced that its latest fund, has reached $254 million. Existing investors include Zero Gap Fund, an impact investing collaboration between The Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation.
- In a recent Forbes article, Jean Case, CEO of the Case Foundation and Chair of the board of the National Geographic Society, raised, “Every investment has impact. The question is, what impact does it have?”
- As part of a new series, titled “Eradicating Rural Poverty: The Power of Cooperation”, Partners for Rural Transformation, a coalition of six regional community development financial institutions, and Nonprofit Quarterly highlight the role of CDFIs in ending persistent poverty in rural America.
- The U.S. Impact Investing Alliance published "Impact at Work: An Examination of Corporate Impact Investing Strategies and Their Durability." The report builds on two earlier reports published by the Alliance examining how different investor groups and institutions can leverage the ever-expanding toolkit advanced by impact investors to generate positive social, economic and environmental outcomes. The report was produced with support from the Robert Wood Johnson Foundation.