Blog
Imprint Capital brings together mission investors in San Francisco
Lisa Hagerman, Wednesday, September 9th, 2009
On a beautiful day in San Francisco close to 60 leaders representing intermediaries and foundation investors showed a commitment to seeking investment opportunities targeting financial, social, and environmental returns.
At the close of the SOCAP09 last week, Imprint Capital Advisors brought together leaders in the field of mission investing for an afternoon workshop, “Transforming Challenges into Opportunities with Impact Investments”. Imprint Capital Advisors, an advisory firm that specializes in developing and executing mission investing strategies for foundations and family offices, convened the session with sponsorship from the John D. & Catherine T. MacArthur Foundation, the Rockefeller Foundation, the San Francisco Foundation, Skoll Foundation, and the W.K. Kellogg Foundation. The session on Bridge & Working Capital Financing Strategies included successful debt investments from experienced and innovative intermediaries across the themes of education & health (NCB Capital Impact), arts & culture (Nonprofit Finance Fund), food & agriculture (RSF Social Finance), and housing (Low Income Investment Fund). Equity & Enterprise Growth showed opportunities across growing enterprises in cleantech (SFJ Ventures), education (New Schools Venture Fund) and small business lending (Opportunity Fund). Creative Leveraging Strategies provided rich examples from foundation leaders in PRIs, the MacArthur Foundation and the David & Lucille Packard Foundation, and leveraging strategies using for example New Markets Tax Credits equity investments in Self-Help and financing opportunities through One California Bank in partnership with for example the Small Business Administration (SBA) 7(a) Loan Program.
The discussion included some of the challenges posed by varied language in the field, complexities and successes stories of PRIs and the power of contractual guarantees as model mission investments. Antony Bugg-Levine from The Rockefeller Foundation wrapped up the day noting how the field has developed, acknowledging the significant contribution of forerunners in the field, and potential for collaboration and continued growth. Networking organizations including PRI Makers Network, More for Mission, and the Global Impact Investors Network (GIIN) shared information on opportunities for knowledge sharing and network building among foundations and other impact investors deploying a range of investment strategies for greater impact.
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