Wariness about Goldman Sachs being in the SIB field while UK Big Society Capital trumpets its achievements, welcome to Tuesday’s SIB News…and our best wishes to our US East coast readers battling the weather!
Wall Street Finds Social Impact Bonds To Be Attractive Investment Options
Rick Cohen – NPQ
PLY: Another wary response to the notion that government actually may not have unlimited resources and that money may not grow on trees.
Over £100m Drawn Down From Big Society Capital
Civil Society
Cumulative figures from Big Society Capital have shown that since its inception in 2012 £104m has now been drawn down from the social investment wholesaler and its co-investors.
In a blog post, BSC chief executive Nick O’Donohoe highlighted unaudited year-end figures which reveal that from the £104.2m drawn-down, £36m is from BSC’s own funds while £68m is from its investors.
Nine per cent of the £36m is helping charities participate in social impact bond delivery, and 8 per cent has been invested by companies limited by shares.