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
A customized collection of grant news from foundations and the federal government from around the Web.
Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.