MRI/Social Investments
A new report finds the impact investment space has seen tremendous growth in assets allocated in public markets as the fastest-growing asset class over the last half decade was public debt.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
The social enterprise organization has launched a $50 million impact vehicle to revitalize urban areas that has garnered investments from several prominent foundations.
The organization has engaged with a firm to help it identify and test operational capabilities to invest in emerging and smaller fund structures.
The foundation recently launched an impact investing strategy with a $5 million commitment intended to advance racial equity in the area or other strategic areas, including youth, public safety, economic opportunity and neighborhoods.
The managing director overseeing impact investment funds left the foundation in June to launch their own firm that aims to design, build and implement impact investment programs at philanthropic groups.
The firm’s head of impact investing will retire this summer and the firm has named a portfolio manager on its impact investment team as their successor.
John Balbach serves as director of impact investments at the MacArthur Foundation and manages the operations of the Chicago-based organization’s approximately $500 million impact investment pool. He took the time to answer 5 questions with FIN News.
The West Coast-based outsourced cio’s DEI efforts have diversified its team and enhanced its engagement with diverse-owned managers.
The foundation recently made an undisclosed mission-related commitment to a venture strategy focused on biomedical tech start-ups.