Two managers were selected to manage the capital investment vehicle designed to channel private capital to mission-driven banks due to their complementary backgrounds.
The association hired a firm to assist in implementing its racial justice investing plan following a search with its investment committee dividing the process into two phases with the first focused on training and evaluation and the second focused on investment consulting, which will require a future search.
The firm hired a senior managing director and head of responsible investing strategy and solutions to support its growth and expertise in the responsible investing space.
Nonprofit institutions continue to have a strong interest in impact investments and are the most motivated among a broad group of investors to move from intention to action, according to a recent survey.