Social enterprise leaders welcome new funds but warn that rolling out £800m Dormant Assets Scheme without careful planning would be a “massive mistake” – while shadow charities minister says policy is “scraping the barrel”.
Pursuing justice and dignity, not just charity, means acknowledging complicity in systems of inequality – and backing the 'troublemakers' who will hold you to account, says boss of influential US foundation.
PLUS: New impact firm Engine No. 1 to ‘harness capitalism for positive change’; Turner Impact Capital closes $350m workforce housing fund; IIX launches $27m bond to help women rebuild livelihoods, December impact reports; and more.
Amount raised is at lower end of previous estimates, but Big Society Capital “very pleased” with early demand given lockdown challenges of building trust with investors.
The Women in Safe Homes fund, from UK impact investment firm Resonance and real estate manager Patron Capital, aims to buy 650 homes and lease them to charities helping women at risk of homelessness.
Annie E. Casey Foundation loan – the largest investment to date for venture philanthropist REDF’s Impact Investing Fund – to boost jobs and training in underserved areas of the US.
New homelessness property fund from UK impact investing firm Resonance scales up ambitions almost four-fold compared to its predecessor – and marks a first in attracting a pension fund investor.
The Singapore-based capital firm is issuing its third Women’s Livelihood Bond aimed at creating sustainable livelihoods for women in developing countries – and its first to focus on Covid-19 recovery.
PLUS: Blue Impact Fund first of its kind in UK; Germany's EIF-backed social innovation fund; Bain Capital raises $800m for second impact investing fund; Los Angeles' Everytable raises $16m in Series B round; and more.
