An interesting profile of John Grossman, Co-President and General Counsel at Third Sector Capital Partners…
Man In The Middle
Bruce Mohl – Common Wealth
John Grossman calls himself an intermediary. It’s an unusual job description, but it’s one that captures what he does putting together complex deals that leverage money from the private sector to fund social service work for government. Grossman is the man in the middle, trying to address social ills by bringing together government bureaucrats, social service agencies, philanthropists, and corporate titans from major Wall Street firms.
The 48-year-old Grossman is the co-president and general counsel at Third Sector Capital Partners, a nonprofit company on the rise in the emerging field of social impact investing. Social impact investing is a catchall term that applies to investments designed to yield a profit as well as some form of social or environmental benefit. Third Sector’s niche is pay-for-success projects, where private groups put up the money for a program to address a specific social problem and get paid back by the government if the initiative is a verifiable success.