impact investing

The US-based social impact fund said all its new portfolio companies were led by founders from underrepresented groups in its 2022 Impact Report.

Board member Senator DiSanto expresses concerns about balancing targeted impact and diversification.

Impact performance benchmarks – like GIIN’s IRIS+ – are in their nascency, but there are those that believe they will enter the mainstream.

Swiss DFI SIFEM replaced Obviam with ResponsAbility as its investment manager. But Obviam is contesting this in Switzerland’s federal administrative court.

Fund III raised $126m from about 70 LPs, including Bank of America, Blue Cross and Blue Shield of Louisiana, Cambridge Associates, Ford Foundation and Winthrop Rockefeller Foundation.

Fonds de Réserve Constitutionnel has invested €10m in Ocean 14, a venture fund focused on protecting ocean biodiversity.

BlueOrchard’s InsuResilience Fund II, targeting $100m, is anchored by German bank KfW.

The Golding Impact 2021 fund has made two commitments so far.

The firm closed its first fund in September last year and has now agreed seven investments.

ESG and impact investing organisations are taking note as the US’s fourth biggest pension system acts against the movement.