At Omidyar Network, we’ve been engaged in field building for nearly a decade, and this experience has reinforced the importance of investing in public goods to build a market – they serve as the rails on which the rest of the industry rides.
A powerhouse coalition of impact investors hopes to build out the field through a donor collaborative launched last week with an initial $12.5 million in philanthropic capital.
A group of family offices and foundations has announced plans to provide $12.5m in funding to participants in the financial services industry who are looking to build new impact investing initiatives.
Public advocacy and a shared system for measurement are critical to building a solid infrastructure for impact investing. But they haven’t received a lot of love from a lot of large funders.
A fund launched on Thursday by a group of foundations seeks to provide collective support for the type of field-building work that will allow impact investing to grow “with integrity.”
Key investors and philanthropic supporters of impact investing have joined forces to announce a new grant-making vehicle intended to strengthen the integrity of investing practices for social and environmental good, and to scale the movement to reach a broader array of investors.
A group of nine private and corporate foundations and family offices have pooled $12.5 million in a fund to draw more interest in impact investing and to ensure that investments made with the public good in mind truly make a difference.