Phase II for Institutional Quality Impact Investing

Phase II for Institutional Quality Impact Investing: Are Investors achieving the impacts they expected?

An EMPEA Professional Development Webcast

Key topics to be discussed include:

  • Have some of the practical issues of measuring social and environmental outcomes been satisfactorily overcome? If yes, how? If not, why not?
  • Are “mission-aligned” exits yielding discounted (or premium) financial returns?
  • What are the changes in legal terms and conditions that have been implemented to align GPs and LPs more closely with the mission of the impact investment?

Speakers Include

 

Jacob Gray
Senior Director, Wharton Social Impact Initiative

Jacob Gray is the Senior Director for the Wharton Social Impact Initiative. Gray leads the impact investing initiatives at WSII, drawing from more than 12 years of experience in impact investing and social enterprise. He is the lead staff and member of the Investment Advisory Committee for the Wharton Social Venture Fund, a student-led impact investment organization. He managed Wharton’s role in FastFWD, an innovative collaboration that won $1 million from the Bloomberg Philanthropies’ Mayors Challenge in 2013.

Gray is a co-founder and General Partner of Murex Investments, an impact VC fund managing funds for financial institutions and high net-worth individuals. He is also a co-founder of GoodCompany Group, an incubator for high-growth social enterprises, and IC Philly, the first regional chapter of Investor’s Circle, one of the largest and oldest national networks of angel investors and professional venture capitalists.

He earned his B.A. from Brown University, and joined the WSII team in July 2012.

 

Lisa Hall
Managing Director of Impact Investing, Anthos Asset Management

Lisa Hall is Managing Director of Impact Investing with Anthos Asset Management B.V., a privately owned investment manager based in Amsterdam.  Lisa joined Anthos Asset Management in 2013 to launch a new portfolio focused on social, environmental and financial returns. She previously served as President and CEO of Calvert Foundation, a global leader in impact investing with assets under management of more than $400 million. Lisa holds a BS in Economics from the University of Pennsylvania and an MBA from Harvard University.  Until recently, she served on the executive committee of ANDE (Aspen Network for Development Entrepreneurs), a global network focused on promoting entrepreneurship in emerging markets.  And on the Investment Committee of Impact Assets, a non-profit financial services firm focused on impact investing around the world, and the board of the Tides Network, a San Francisco based non-profit organization. 

She presently serves on the CDFI Fund Advisory Board Board and the Non-Profit Finance Fund, a US based community development financial institution.  From 2012 – 2013 Lisa was Chair of the Board of Trustees at the Elsie Whitlow Stokes Community Freedom Public Charter School and she is currently a member of the Board of Overseers for the Graduate School of Education at the University of Pennsylvania.  Lisa resides in Amstelveen, Netherlands with her husband and young daughter. 

 

Gloria Nelund
Chairman and Chief Executive Officer, TriLinc Global

Gloria spent 30 years on Wall Street as one of the most successful and visible executives in the international investment management industry. After retiring from Deutsche Bank as CEO of their $50 billion North America Private Wealth Management division, she co-founded TriLinc Global; an investment firm dedicated to launching and managing innovative impact investment funds that will exponentially increase private capital participation to help solve some of the world’s most pressing challenges.

In addition to her activities with TriLinc, Gloria is Chairman and Independent Trustee for RS Investments, a mutual fund complex with more than $20 billion in assets under management. She is also a life-long supporter of development-oriented philanthropic causes. Gloria currently sits on the board of multiple not-for-profit organizations and actively supports entrepreneurship research and education. She is an active speaker, and guest lecturer on Impact Investing and Ethical Leadership at conferences and several top business schools, including Columbia, Wheaton, Kellogg, MIT, Sanford and Georgetown.

 

Cathy Richards
Senior Counsel, International Finance Corporation

Cathy Richards is Senior Counsel at the International Finance Corporation in Washington, D.C advising on various matters including IFC’s investments in impact funds. Originally from Australia, Cathy held legal and consulting positions in Australia, Russia and Indonesia before joining the World Bank Group in Washington D.C. She previously served as an adviser on legal and taxation matters to the Indonesian Ministry of Finance through an AusAID funded governance project. Cathy joined the Legal Department of IFC in 2007. Cathy holds degrees in economics and law from Monash University in Australia, and an MPA from Harvard University.

 

 

Moderator

 

Patricia Dinneen
Senior Advisor, EMPEA

Patricia M. Dinneen has focused on Emerging Markets for most of her 36-year career. She joined EMPEA in February 2014 as a Senior Advisor and was appointed Chair of the EMPEA Impact Investing Council in 2013, to help professionalize and scale the impact investing industry. Previously she served as Managing Director at Siguler Guff & Company, a global private equity investment firm with over $10 billion in assets under management. During her 9+ years at Siguler Guff, Dr. Dinneen built and managed the BRIC private equity business, focusing on Brazil, Russia, India, China and select frontier markets. She has also held positions at Cambridge Associates, British Telecommunications, Hughes Communications, RAND Corporation and the U. S. White House. Dr. Dinneen holds degrees from the University of Pennsylvania (B.A.), London School of Economics (M.Sc.) and MIT (Ph.D.). She is involved in multiple philanthropic and impact investing activities.