The short read is captivating today: both Morgan Stanley and Goldman Sachs are entering the Social Impact Bond field with gusto – hoping to raise significant funds for future development – bravo!
As a longer read, the Sonen Capital evolution document looks interesting and we’ll be reading it later too!
Goldman Plans $250m ‘Social Impact’ Fund (subscription)
Financial Times
Goldman Sachs is launching a $250m “social impact” fund whose returns are linked to the success of projects such as affordable housing, pre-school education and how many young criminals commit new offences after leaving NY’s notorious Rikers Island prison.
Wall Street banks are increasingly vying for the kudos and cash that can come with investing in projects intended to improve conditions in cities US-wide.
Evolution Of An Impact Portfolio: From Implementation To Results
Sonen Capital
Sonen Capital, a leading Social & Environmental impact investment firm, in collaboration with the KL Felicitas Foundation (KLF), announced the launch of the first-of-its-kind report detailing the financial performance of an impact investing portfolio.
The report, titled Evolution of an Impact Portfolio: From Implementation to Results demonstrates to investors that impact investments can compete with, and at times outperform, traditional asset allocation strategies while pursuing meaningful and measurable social and environmental impact results.
Evolution of an Impact Portfolio is written for asset owners, advisors, and other intermediaries interested in learning more about building diversified impact portfolios anchored in rigorous financial analysis and ongoing assessments of factors affecting macroeconomic conditions.