Social finance

Sarah Gelfand Joins BlueMark As Managing Director

Tuesday, January 19, 2021 - 2:15pm

NEW YORK, Jan. 19, 2021 /PRNewswire/ --BlueMark, a leading provider of impact verification services for investors and companies, today announced the hiring of Sarah Gelfand as Managing Director.

Key Points: 
  • NEW YORK, Jan. 19, 2021 /PRNewswire/ --BlueMark, a leading provider of impact verification services for investors and companies, today announced the hiring of Sarah Gelfand as Managing Director.
  • Gelfand will report to BlueMark CEO Christina Leijonhufvud and will co-lead BlueMark's business strategy and team, business and product development efforts, and various market-building and standard-setting initiatives.
  • "Her experience building innovative platforms and managing multi-disciplinary teams makes her a perfect fit for BlueMark as we take this next step to bring impact verification to the global impact investing market."
  • Tideline, a specialist consultant for the impact investing industry, launched a separate independent impact verification business, BlueMark, in January 2020.

Empire Life launches new Multi-Strategy and sustainable global equity fund options

Monday, January 18, 2021 - 5:16pm

The new funds include one global equity and one global balanced fund:

Key Points: 
  • The new funds include one global equity and one global balanced fund:
    Dave Paterson, CFA, portfolio manager of the Empire Life Multi-Strategy GIFs, says the new segregated funds will provide investors with exposure to growth-oriented global securities through a combination of passive, smart beta, and actively managed strategies.
  • "Through passive and active strategies, the Empire Life Multi-Strategy GIFs provide exposure across investment styles, geographies, and industry sectors to increase diversification.
  • A new standalone fund with a sustainable investing focus has also been added to the Empire Life Guaranteed Investment Funds contract.
  • Empire Life Global Sustainable Equity GIFinvests in global stocks that exhibit superior environmental, social and governance (ESG) characteristics.

The Alzheimer's Drug Discovery Foundation Announces New Additions to Board of Governors

Friday, January 15, 2021 - 3:02pm

NEW YORK, Jan. 15, 2021 /PRNewswire/ --The Alzheimer's Drug Discovery Foundation (ADDF) announces two new members to its Board of Governors : Sharon T. Sager, CIMA, Managing Director and Private Wealth Advisor at UBS Private Wealth Management and Beatriz Illescas Putzeys-Claugus, Founder and Director of The Foundation for a Better World.

Key Points: 
  • NEW YORK, Jan. 15, 2021 /PRNewswire/ --The Alzheimer's Drug Discovery Foundation (ADDF) announces two new members to its Board of Governors : Sharon T. Sager, CIMA, Managing Director and Private Wealth Advisor at UBS Private Wealth Management and Beatriz Illescas Putzeys-Claugus, Founder and Director of The Foundation for a Better World.
  • They will help guide the ADDF in its continued mission of accelerating the discovery of drugs to treat, prevent and cure Alzheimer's disease and related dementias.
  • She will continue in her current role as Chair of the ADDF's Board of Overseers in addition to serving as a newly appointed member of the Board of Governors.
  • As accomplished professionals, Sharon and Beatriz will greatly complement our board as we continue to advance the ADDF's mission," said Sandler.

Fossil Free Indexes (FFI) Rebrands to FFI Solutions to Reflect Expanded Focus on Sustainable Investing

Thursday, January 14, 2021 - 9:00am

NEW YORK, Jan. 14, 2021 /PRNewswire-PRWeb/ --Fossil Free Indexes (FFI), a firm committed to climate-aligned investing, has rebranded to FFI Solutions to better reflect the company's expanded product and service offerings for market participants intending to transition to more sustainable investment strategies.

Key Points: 
  • NEW YORK, Jan. 14, 2021 /PRNewswire-PRWeb/ --Fossil Free Indexes (FFI), a firm committed to climate-aligned investing, has rebranded to FFI Solutions to better reflect the company's expanded product and service offerings for market participants intending to transition to more sustainable investment strategies.
  • "Expanding our research product offerings across the sustainable investing spectrum is a natural extension of our climate-centric strengths," explains Michael Palmieri, CEO of FFI Solutions.
  • FFI Solutions ( http://www.ffisolutions.com ) is a research and analytics-driven advisory firm that empowers investors and asset managers to transition to more sustainable investments.
  • FFI Holdings LLC is the parent company of FFI Solutions and FFI Advisors, ( http://www.ffiadvisors.com ), a performance and mission-driven investment manager focused on developing climate-aligned strategies.

Alchemy Code Lab Announces $5.8M Investment from Social Finance to Launch New Career Impact Bond

Tuesday, January 12, 2021 - 7:15pm

Funded by impact investing nonprofit Social Finance through the Career Impact Bond , this student-centered financing model is designed to increase equity in employment and economic opportunity.

Key Points: 
  • Funded by impact investing nonprofit Social Finance through the Career Impact Bond , this student-centered financing model is designed to increase equity in employment and economic opportunity.
  • Social Finance is a 501(c)(3) nonprofit organization dedicated to mobilizing capital to drive social progress.
  • The Alchemy Code Lab partnership is the first Career Impact Bond to integrate a living stipend, says Tracy Palandjian, Social Finance CEO and co-founder.
  • Alchemy Code Lab is a full-time, 25-week program designed to place students directly into mid-level software developer jobs.

Mission Investors Exchange Announces New Board Leadership

Tuesday, January 12, 2021 - 6:00pm

NEW YORK, Jan. 12, 2021 /PRNewswire-PRWeb/ -- Mission Investors Exchange (MIE), the leading network of foundations engaged in impact investing, is pleased to announce two new officers on its Board of Directors and to welcome three new board members.

Key Points: 
  • NEW YORK, Jan. 12, 2021 /PRNewswire-PRWeb/ -- Mission Investors Exchange (MIE), the leading network of foundations engaged in impact investing, is pleased to announce two new officers on its Board of Directors and to welcome three new board members.
  • Ken Jones, Vice President and Chief Financial Officer, John D. and Catherine T. MacArthur Foundation, has been elected Chair of the MIE Board of Directors, and Cynthia Muller, Director of Mission DrivenInvestments, W.K.
  • Kellogg Foundation
    Mission Investors Exchange is the leading impact investing network for foundations dedicated to deploying capital for social and environmental change.
  • Members come to Mission Investors Exchange and each other for best practices, new investment opportunities, deal partnerships, and innovations in impact investing around the world.

Mamadou-Abou Sarr Appointed to US SIF Board of Directors

Tuesday, January 12, 2021 - 1:00pm

V-Square Quantitative Management LLC ( V-Square) today announced that Mamadou-Abou Sarr has been appointed to the board of directors of US SIF: The Forum for Sustainable and Responsible Investment.

Key Points: 
  • V-Square Quantitative Management LLC ( V-Square) today announced that Mamadou-Abou Sarr has been appointed to the board of directors of US SIF: The Forum for Sustainable and Responsible Investment.
  • Sarr also will serve on the US SIF Foundation Board.
  • US SIF's 13-member board of directors provides strategic guidance to advance sustainable and impact investing across all asset classes.
  • I look forward to working with all of the new and returning members of our board, added Diederik Timmer, Chair of the Board of Directors of US SIF.

TeachTown Secures Growth Investment from Bain Capital Double Impact

Tuesday, January 12, 2021 - 12:05pm

WOBURN, Mass., Jan. 12, 2021 /PRNewswire/ -- TeachTown , a leading provider of evidence-based education curriculum software for students with special needs, today announced that it has received an investment to support its continued growth from Bain Capital Double Impact , a leading social impact investor.

Key Points: 
  • WOBURN, Mass., Jan. 12, 2021 /PRNewswire/ -- TeachTown , a leading provider of evidence-based education curriculum software for students with special needs, today announced that it has received an investment to support its continued growth from Bain Capital Double Impact , a leading social impact investor.
  • Bain Capital Double Impact is the impact investing strategy of Bain Capital, a leading global private investment firm.
  • Bain Capital Double Impact leverages deep industry experience and an active, value-added approach to build great companies that deliver both competitive financial returns and meaningful, measurable social and environmental good.
  • Bain Capital Double Impact partners with companies across three themes health & wellness, education & workforce development, and sustainability to create long-term value and meaningful social impact at scale.

TriLinc Global Sustainable Income Fund secures funding of $25 million from BlueOrchard Impact Investment Managers

Monday, January 11, 2021 - 4:23pm

TriLinc Global Sustainable Income Fund (TGSIF) announced today a new funding of $25 million from Luxembourg-based BlueOrchard Impact Investment Managers (BlueOrchard) to provide financing to middle market companies operating in Emerging Markets around the world.

Key Points: 
  • TriLinc Global Sustainable Income Fund (TGSIF) announced today a new funding of $25 million from Luxembourg-based BlueOrchard Impact Investment Managers (BlueOrchard) to provide financing to middle market companies operating in Emerging Markets around the world.
  • Normunds Mizis, Chief Credit Officer of BlueOrchard said, We believe by supporting the TriLinc Global Sustainable Income Fund, we can increase impact investing for a sustainable world.
  • TriLinc Global is an impact investing fund sponsor with a mission to link market-rate returns, positive impact, and scalable solutions.
  • TriLinc Advisors, LLC (TLA) and TriLinc Global Advisors, LLC (TLGA) are wholly-owned subsidiaries of TLG and are SEC registered investment advisors.

SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia

Thursday, January 7, 2021 - 5:01pm

Anthony Noto, Chief Executive Officer of SoFi, said:

Key Points: 
  • Anthony Noto, Chief Executive Officer of SoFi, said:
    SoFi is on a mission to help people achieve financial independence to realize their ambitions.
  • With the secular acceleration in digital-first financial services offerings, SoFi is the only company providing a comprehensive solution all in one app.
  • We look forward to partnering with Anthony and his team as they help even more members to achieve financial independence.
  • Social Capital Hedosophia Holdings is a partnership between the investment firms of Social Capital and Hedosophia.