MRI/Social Investments
Two large foundations have provided anchor investments in a new local journalism fund managed by a social impact registered investment advisory firm.
The mid-Atlantic fund has partnered with an institutional investment advisor and outsourced cio to expand educational access to professional investment reporting and analytics to Historically Black college and university students.
A group of nonprofits in the Chicago area have partnered up to commit a total of $114 million as part of an impact investment initiative promoting small businesses and affordable housing in underserved communities in the city.
The plan will consider approving an RFP at next week’s investment committee meeting.
Cooley serves as ceo and cio of Nuveen Green Capital, which manages Nuveen’s Commercial Property Assessed Clean Energy or C-PACE business.
The fund is more than 50% larger than its predecessor vehicle.
The foundation is shifting its investment strategy to a mission and values-aligned approach as part of its hiring of an outsourced cio to manage its public and private markets investment portfolio.
Two asset managers have joined forces to offer a fund design platform for nonprofits and other allocators.
Two hospital systems based in the Chicago area have agreed to a merger that is expected next year.
A foundation in the Midwest is looking to grow its impact investments portfolio by 25% starting next year.
