Bhakti Mirchandani, who writes impact investing stories on Forbes, has a new insight around impact investing.
Bhakti writes that a most surprising leader in the impact investing boom is debt. In fact, she finds out that at 26% of impact AUM, private debt is the largest asset class within impact investing.
She shares that there's an enormous opportunity for lenders, who are increasingly inserting impact-oriented provisions into credit agreements.
Bhakti writes this article with the aim to provide emerging and seasoned private debt impact investors with a framework for impact provisions in loan agreements. She states that this article, and Professor Deborah Burand's, Co-Director of the Grunin Center for Law and Social Entrepreneurship at NYU Law School, work focus on the provisions that are unique to impact investing. Read the Entire Article
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The World Bank’s Development Marketplace, a competitive grants program, has provided $1.4 million grants to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities and capacity building investments.