ImpactAlpha

ImpactAlpha

@impactalpha.com

Your trusted source for impact investing and sustainable finance news and home to the award-winning daily Brief. Join other Agents of Impact and subscribe today. impactalpha.com/subscribe

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As impact investors gather this week at the GIIN Impact Forum in Amsterdam, Tideline’s Ben Thornley and Jade Huynh see an opportunity to build a market better suited to investors’ distinct needs. The authors see three distinct investor segments crystalizing. impactalpha.com/connecting-i...

impactalpha.comConnecting investors seeking positive social and environmental outcomes – for different reasonsThe world in which impact investors operate has changed profoundly.  Geopolitical instability, macroeconomic headwinds, and political backlash have tempered the optimism that once ...

Solutions to systemic AI risks are becoming opportunities for systemic AI investments. A new venture map of the Trustworthy AI stack provides a guide to where such opportunities are emerging. Paul Fehlinger highlights the seven layers of the Trustworthy AI stack. impactalpha.com/investing-in...

impactalpha.comInvesting in AI 2.0: Mapping new investment opportunities across the trustworthy AI stackA first-of-its-kind venture map of the Trustworthy AI stack offers an early look at where that opportunity may be emerging.

How an architectural firm is using natural materials and traditional design techniques to deal with India's heat crisis. "The extreme heat has very significant impacts on workers outdoors, the economy, and many supply chains,” says JP Moscarella of CoolPact Capital. impactalpha.com/art-artisans...

impactalpha.comArt, artisans and ancient AC: CoolAnt's solutions for India's heat crisisWhen architect Monish Siripurapu was growing up in southern India, air-conditioning was a rarity in middle-class homes. He recalls sprinkling water on the ...

In the early 1900s, Tulsa’s Greenwood neighborhood built one of the most prosperous Black business districts, until it was destroyed in 1921. Rebuilding the wealth of Tulsa’s Black Wall Street is part of the agenda at @aspenideas.bsky.social: Economy conference. impactalpha.com/greenwood-tr...

impactalpha.comGreenwood Trust aims to rebuild the wealth of Tulsa’s Black Wall StreetLast June, Nichols launched the Greenwood Trust, a private charitable trust designed to help prosperity spread back to Greenwood.

“Impact-first is not a tool for those unwilling to sacrifice returns in pursuit of impact," write Ceniarth's Diane Isenberg and Greg Neichin. A new report details four-year results from its impact-first portfolio of approximately 90 funds & 60 direct investments. impactalpha.com/ceniarths-im...

impactalpha.comCeniarth’s impact-first portfolio is not making money.  That’s the point.Ceniarth's Greg Neichin says that impact-first investing is not a tool for those unwilling to sacrifice returns in pursuit of impact.

At @2xglobal.bsky.social's summit in Montreal, 270 investors, asset owners and managers, financial institutions, DFIs, multilateral organizations and other market builders from 44 countries took stock of what has been a difficult 18 months for gender-lens investing. impactalpha.com/gender-lens-...

impactalpha.comGender-lens investors look to scale capital in public marketsSo much of the impact investing conversation is concentrated in the private markets. The same is true for gender-lens investing. Being removed from ...

Climate entrepreneurs and investors have moved on from you-know-who. Across @climategroup.bsky.social's #ClimateWeekNYC, initiatives were rolled out, funds were raised and solutions were showcased, as if the real risks of climate change created real opportunities. impactalpha.com/hoax-this-cl...

impactalpha.comHoax this! Climate Week NYC showcases real solutions to real (really!) climate changeClimate entrepreneurs and investors have moved on from you-know-who.  Across New York City’s Climate Week, initiatives were rolled out, funds were raised and ...

As Washington retreats from climate investing, Asia’s investors are moving full steam ahead. China alone deployed $930 billion in direct clean energy investments in 2024, more than triple the US investment that year, even under the defunct Inflation Reduction Act. impactalpha.com/as-us-retrea...

impactalpha.comAs US retreats, Asia's investors take the lead on climate financingAt Impact Week in Singapore earlier this month, the mood in Asia was full steam ahead on climate financing.

Deadly floods in Nepal and Tibet came just as AVPN, one of Asia’s largest social investment & philanthropy networks, convened in Delhi. Attendees grappled with how to get Asia’s investors, including 1,000+ billionaires, to invest in sustainable development. impactalpha.com/floods-in-ne...

impactalpha.comFloods in Nepal strengthen calls for Asian capital for Asian developmentThe catastrophic floods in Nepal and Tibet came just as AVPN, one of Asia’s largest social investment and philanthropy networks, was convening in ...

“Anything of significant long-term value has to be difficult,” Wavemaker Partners' co-founder Paul Santos tells @impactalpha.com. “It’s not that you’re looking for the difficulty. But the difficulty is a sign that you could be well rewarded if you solve it.” impactalpha.com/wavemaker-pa...

impactalpha.comWavemaker Partners is writing small checks for ‘difficult’ deep techVenture capitalists are shoveling money into deep tech, including robotics, industrial tech, defense tech and, of course, AI. Wavemaker Partners arrived on the ...

They may sound like impact investing themes but don’t call S2G Investments, now with $2.8 billion under management, an impact investor. “We sit at a different point on the spectrum," says S2G’s Aaron Rudberg on the latest Agents of Impact podcast. impactalpha.com/s2g-investme...

impactalpha.comS2G Investments seeks alpha in impact – without the label (podcast)Aaron Rudberg, managing partner at S2G Investments joins David Bank. The Chicago-based firm recently closed its $1 billion Solutions Fund.

Known for stable social democracies, high living standards, and as Europe’s summer “coolcation” destination, the Nordics are emerging as Europe’s leading startup factory. Denmark, Iceland, Norway, Sweden & Finland have built a well-developed sustainable investing network. impactalpha.com/128417-2/

impactalpha.comEnergy and security challenges create opportunities for Nordic sustainable investorsNordic capital providers are increasingly focused on energy security and resilience in Nordic countries.

🇺🇸 Contributing editor Antony Bugg-Levine says he's feeling more patriotic than ever. As America celebrates 250, Bugg-Levine argues that America’s promise has always been renewed by people who expand opportunities where markets fall short. impactalpha.com/following-in...

impactalpha.comFollowing in the footsteps of America’s founding financierAs America approaches its 250th birthday, I’ve found myself feeling more patriotic than ever. These days, that can be a little awkward to ...

“When the small business sector grows, that production circulates within the ecosystem and the multiplier effect is much higher,” says Austin Mwape. How Zambia's leaders are creating strategies to support economic opportunity and ownership through small enterprises. impactalpha.com/zambia-cente...

impactalpha.comZambia centers small businesses in its bid for a more inclusive economyTop-down, bottom-up, public-private. Zambia, a country known for big mining, is turning its attention to small business as a pathway to inclusive growth. And it's hitting it from all angles.

LP/GP: DBL Partners and Capricorn Investment Group introduced many foundations to venture investing and advanced the case that impact can drive outsized value creation. The foundations set to benefit from SpaceX and @anthropic.com IPOs. impactalpha.com/spacex-anthr...

impactalpha.comSpaceX, Anthropic IPOs set to unlock billions in liquidity for impact LPsDozens of foundations nervously await potential windfall, and much needed liquidity, from SpaceX and Anthropic IPOs.

Philanthropic collaborative @pressforwardmn.bsky.social highlights local news publishers seeking impact financing for 'civic infrastructure.' The new urgency behind the development of more diversified and resilient financing for online news sites. impactalpha.com/local-news-p...

impactalpha.comLocal news publishers seek impact financing for ‘civic infrastructure’If the darkest hour is just before dawn, publishers of local online news sites are looking forward to sunrise. This month, the Minnesota ...

“We believe family businesses will ultimately play a central role in the capital stack behind impact in Asia, given their multi-generational perspective, tolerance for complexity, and deep roots in the real economy,” said Hareesh Nair of Tsao Pao Chee Group. impactalpha.com/asias-family...

impactalpha.comAsia’s family businesses drive impact in their operations as well as their investmentsFamily business leaders in Asia are using impact investment strategies to future-proof their businesses and the communities they serve.

#S2GInvestments, founded by Walmart heir Lukas Walton with $100 million in 2014, now has $2.8 billion in assets under management. S2G – the moniker stands for “seed to growth” – typically take minority stakes of roughly $25 million to $100 million. impactalpha.com/g-is-for-gro...

impactalpha.comG is for growth after $1 billion raise for Lukas Walton-backed S2G InvestmentsVenture capital firms are placing increasingly large bets on pre-revenue startups. Infrastructure and private equity buyout funds are looking to take control of ...

“One of our top line goals is to mobilize capital, and we’ve done really well,” Altérra’s Majid Al Suwaidi told ImpactAlpha at the @milkeninstitute.org conference last month. Unpacking Altérra’s performance reveals a more complicated picture. impactalpha.com/is-alterras-...

impactalpha.comIs Altérra’s ambitious effort to mobilize climate finance for the Global South working?The places that need climate capital the most have long gotten the least. The outcome of global efforts to mitigate the worst effects ...

The biggest clean energy public offering in Wall Street history raised hopes for other clean tech companies and their investors. “A spectacular IPO is like a Michelin three-star meal,” writes contributing editor Antony Bugg-Levine. #FervoEnergy impactalpha.com/fervos-recip...

impactalpha.comFervo’s IPO recipe includes a dash of federal funding and a scoop of catalytic capitalProducing the next Fervo requires understanding the journey behind its successful IPO and the crucial role played by a range of investors committed to financing transformational energy services.

“Imagine a corporation that invested billions training its workforce, then as a matter of policy refused to let them work, and shot the ones who complained. That isn’t a thought experiment. It’s the country of my birth,” writes Todd Khozein of SecondMuse. impactalpha.com/the-relation...

impactalpha.comThe relational imperative and the rebuilding of IranTodd Khozein imagines a new economic future for his native Iran after nearly half a century of tyranny and sanctions

As CEO of New Island Capital there was “a line out the door of funds, and direct deal sponsors, pitching things,” says Chris Larson. Now at Alder Point Capital Management, he is pitching prospective LPs on the firm’s thesis of investing in sustainable real assets. impactalpha.com/alder-points...

If you’re the founder of an early stage company with a strong impact story, Tom Balderston and his team of impact venture capitalists want to meet you. The SustainVC team will be among those at Philadelphia's Total Impact Summit hosted by @impactphl.bsky.social. impactalpha.com/philadelphia...

impactalpha.comPhiladelphia’s SustainVC sticks with early stage founders in its third impact fundSustainVC is looking to raise $30 million to deploy capital in early-stage local tech companies, especially in the broader Pennsylvania region.

Public investment is a powerful way to make progress on a range of seemingly intractable social challenges. The government’s role as an investor, not just a spender, is an old American tradition overdue for revival, writes Antony Bugg-Levine. impactalpha.com/five-ways-go...

impactalpha.comFive ways government can invest with the private sector to benefit communitiesPublic investment is a powerful way to make progress on a range of seemingly intractable social challenges. The government’s role as an investor, not just a spender, is an old American tradition overd...

Denver-based advisory firm Align Impact will shut down as of April 30. “It’s incredibly disappointing to have joined a firm like Align and to have discovered that the underlying business was not sustainable,” says Align’s Matthew Weatherley-White. impactalpha.com/after-12-yea...

impactalpha.comAfter 12 years, advisory firm Align Impact to shut down at the end of the monthAt the end of 2024, Align Impact raised $1.5 million in financing; by the middle of last year, one of the earliest purpose-built impact advisory firms was almost out of money.

🎧 “This massive build out in AI infrastructure is creating huge demand for clean energy technologies and clean materials in ways that we haven’t seen before,” says Dawn Lippert of Elemental Impact. Listen to a new episode of the "Agents of Impact" podcast. impactalpha.com/pulling-clim...

impactalpha.comPulling climate tech to commercial scale with the energy demand from data centers (podcast)Dawn Lippert joins the podcast to discuss how Elemental Impact is scaling climate tech to meet energy demands

🎧 Why shareholders are fighting for the right to vote their proxies; how impact investors are seeking to assert human agency over the future of AI; and can nonprofit mergers help scale the impact of impact investing field-builders? Listen to "This Week in Impact." impactalpha.com/proxy-voters...

World Education Services amassed a balance sheet in excess of $300 million. Now WES is investing those assets in a diverse portfolio of investments intended to help immigrants contribute their skills and contribute as they move about the world. impactalpha.com/defying-a-ba...

impactalpha.comDefying a backlash, World Education Services aligns its $300 million in assets with immigrants’ success (podcast)Smitha Das of WES joins the podcast to talk about the nonprofit's path to aligning 100% of its assets toward its social mission.

Equity investments in clean cooking, particularly for solutions targeted at rural, low-income families in emerging markets, are at a low point. Grant funding is flat. The tale of two companies that tried cracking the code. impactalpha.com/why-has-it-b...

impactalpha.comWhy has it been so hard to crack the code on clean cooking solutions?Two companies, two countries, two carbon deals. Two very different outcomes.  Burn Manufacturing, a Nairobi-based maker of “clean cooking technologies,” last month landed ...