A ground-breaking book on the transformative power of impact
investing
This is the first book to chart the catalytic path of this new
industry, explaining how it is and can be a positive disruptive
force. It shows how impact investing is a transformational vehicle
for delivering ‘blended value’ throughout the investment spectrum,
giving a single name to a set of activities previously siloed in
enclaves, revealing how they are linked within what is becoming a
new field of investing. Written by two leaders in the growing field
of impact investing, the book defines this emerging industry for
participants on all sides of the funding equation (investors,
funders and social entrepreneurs).
* Filled with illustrative examples of impact investing success
stories
* Reveals how the field can expand in order to address the most
critical social and environmental issues of our day
* Explores the wide-ranging applications of impact investing as
well as entrepreneurial opportunities
The authors do not take a normative approach to argue how
investors should behave like an investment guide might but show how
entrepreneurial people and institutions are already offering an
integrated alternative.
İçerik tablosu
Preface ix
Acknowledgments xxi
Part One The Terrain of Impact Investing 1
1 A Mighty Wave 3
2 Impact Investing in International Development 19
3 Microfinance: Still the Best Brand in Development? 39
4 Impact Investing in Social Enterprises: Flourishing in the ”Confusing Mess” 61
5 Where Is Impact Investing Headed? 85
Part Two The Implications of Impact Investing 109
6 How Will We Regulate Impact Investing? 111
7 How Will We Cultivate Transformational Leadership? 141
8 How Will We Measure Blended Value? 163
9 How Will We Unlock Philanthropic Capital? Total Foundation Asset Management 187
10 How Will We Move the Money? 217
11 How Will We See the Forest and the Trees? Creating the New Ecosystem of Impact Investing for Blended Value 251
Notes 263
Further Reading 269
The Authors 283
Disclosure 285
Index 287
Yazar hakkında
THE AUTHORS
Antony Bugg-Levine designed and leads the Rockefeller Foundation’s impact investing initiative. He convened the 2007 meeting that coined the phrase impact investing and is the board chair of the Global Impact Investing Network. He also teaches at Columbia Business School. A native of South Africa he served in the late 1990s as the acting communications director at the South African Human Rights Commission.
Jed Emerson, originator of the term blended value, is executive vice president of Impact Assets, a senior fellow with Heidelberg University’s Center on Social Investing, and a senior advisor to the Sterling Group (Hong Kong). He was founding director of REDF, a founding board member of Pacific Community Ventures, and founding director of Larkin Street Services.