This is our catch up edition for what was a relatively quiet period over New Year. Our Christmas catch up edition published yesterday, can be found here. Once again a Happy New Year to one and all…
Social Impact Investment Market To Get A Boost In 2016
Sally Rose – SMH
Philanthropists wanting more bang for their buck will be able to mull a raft of new government-backed social benefit bonds in 2016, while banks and institutional investors watch the space with interest.
Social impact investing is still a fledgling asset class, but governments, welfare groups and financiers are working on the strongest pipeline of domestic deals yet.
Groups working to get new impact investment deals over the line in 2016 are hopeful the federal government will also jump on the bandwagon.
2016’s Top Legislative Issues to Watch
Governing
Last year was an eventful one for social impact bonds. The financing tool, which many have begun referring to instead as “pay for success” programs, allows governments to tap into outside funds to pay for promising social interventions with a high upfront price tag. The first social impact bond created in the United States was at Rikers Island in New York. It was aimed at reducing recidivism among juvenile detainees, but it ended prematurely last year when the private investor, Goldman Sachs, didn’t see enough progress.