MRI/Social Investments
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.
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 February.
The newly launched venture fund will allocate its returns to partner HBCUs.
A West Coast impact fund- of- funds has raised nearly $170 million for its Fund II.
Survey finds increased interest and adoption hedge funds and increase in defensive strategies and portfolio diversifiers.
The community foundation has partnered with local government to invest $200 million in loans and grants for affordable housing projects.
The firm has raised more than $850 million of impact and sustainable capital since early 2021, including the close of its most recent impact fund, which is almost four times larger than its predecessor fund.