#424: Guide to Place-Based Impact Investing
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Your Mark on the World article and watch the interview here: http://bit.ly/1YeM1oT. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Impact investing is a rapidly growing field. Lauryn Agnew, President of Seal Cove Financial and the Bay Area Impact Investing Initiative, points out that focusing on a place provides opportunities for collaboration, increased impact and market returns. Lauryn and I met will participating in a panel discussion at Sustainatopia in San Francisco last month. She is a recognized thought leader in impact investing, focusing on helping institutional investors make place-based investments with an outcomes focus. She has provided me with three insights to serve as a primer on place-based impact investing. I’ll share them here: 1. Creating a financial intermediary that can channel a small portion of the institutional assets in any region to local investments can provide capital to local needs and challenges, promoting a long term sustainable and a more prosperous future for the region. Collaboration, professional due diligence, high fiduciary standards and mission alignment would be the benefits we share in our co-investing efforts. 2. Impact investing with a place-based focus, using a small portion of the portfolio, can provide market rates of return and local impact, if designed properly, without increasing risk or sacrificing returns. Read the full Your Mark on the World article and watch the interview here: http://bit.ly/1YeM1oT. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.