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☎️ Agents of Impact Call: The surprising resurgence of impact first investing. Ceniarth’s Greg Neichin, A to Z Impact’s Alex Evangelides,Spring Point Partners’ Margot Kane and Trimtab Impact’s Caleb Ballou will discuss impact-first investments on this week’s Call, Thursday, Oct. 23, at 10am PT / 1pm ET / 6pm London. RSVP now.
In this week’s Open:
- For Trimtab, fiduciary duty means maximum impact
- Adding community services to affordable housing in East Harlem
- Podcast: David Bank, Lucy Ngige and Brian Walsh on This Week in Impact
- Spotlight: Katapult Ocean’s dive into the blue economy
Let’s dig in. – Dennis Price
Must-reads on ImpactAlpha
- Trimtab’s unapologetic pitch to wealthy families seeking outperformance – on impact. The new kid on the impact investing block is Trimtab Impact, an “unapologetically impact-first” holding company that has raised more than $60 million from seven wealthy families looking to generate the highest risk-adjusted impact possible. “Being a corporation that can raise common equity – if you can access that capital – operationally and strategically makes an enormous amount of sense,” Trimtab’s Caleb Ballou tells ImpactAlpha’s David Bank. See why.
- Jonathan Rose’s affordable housing vision comes to life in East Harlem. Surrounded by public housing projects on a block of East Harlem is a big new apartment complex with a facade that screams luxury. But behind the sleek exterior is Sendero Verde, a permanently affordable development for formerly homeless individuals and low- to moderate-income residents. ImpactAlpha’s Roodgally Senatus visited the “community of opportunity,” to learn how affordable, mixed-income housing with social support and environmental sustainability can create risk-adjusted commercial returns for investors. Check it out and see the photos.
- Advisors’ Corner: How AI empowers advisors to personalize impact in client portfolios. Artificial intelligence can be a powerful tool to help wealth advisors scale what is often a bespoke solution. In the latest deep dive on ImpactAlpha’s Advisors’ Corner, CapShift’s Adam Rein writes, “Used strategically, artificial intelligence can be another crucial item in your toolkit to help you deliver personalized, impact-oriented solutions to win and grow high net-worth relationships.” Keep reading.
Agents of Impact
🏃 On the move
- Impact Capital Managersrecruited Ellie Rodgers, formerly with 60 Decibels, as senior manager of impact management and research.
- Clean Energy Ventures welcomed four new university fellows: Harvard Business School’s Elinore Beitler and Sankalp Shanker, Boston University’s Naved Anwar, and MIT’s Sofia Karagianni.
- Collide Capital added Stephanie Simon, previously with Practical Venture Capital, as director of platform, and Andrew Peng, formerly with Alpaca VC, as a principal.
The Week’s Podcasts
🎧 This Week in Impact
Host Brian Walsh takes up ImpactAlpha’s top stories with editor David Bank and reporter Lucy Ngige. Up this week: How a unique structure allows Trimtab Impact to bring impact-first investing to wealthy families; the “community of opportunity” that is emerging at Sendero Verde affordable housing development in East Harlem; and a vibe check from this year’s GIIN Impact Forum in Berlin.
- Listen to the new episode of This Week in Impact. Get the podcast in your feed by subscribing on Apple, Spotify, or YouTube.
The Week’s Spotlight
🌊 With a new cohort, Katapult Ocean dives deeper into the ‘blue economy’
“Life below water,” Sustainable Development Goal No. 14, has for a decade been one of the most underinvested SDGs. This year, there’s a notable uptick in marine projects, deals and funds, according to Tharald Nustad of the Oslo-based Katapult Group. From a handful of ocean impact funds a decade ago, there are now dozens – including Katapult Ocean, an accelerator and VC investor in tech startups improving ocean and marine ecosystem health that Nustad launched in 2018. From Oslo, Singapore and Cape Town, the firm has supported more than 90 startups in Europe, Asia and Africa with seed investments and hands-on support.
- Learn more, and catch up on all of the week’s dealflow reporting.
Get in the Game
💼 Step up
- Black Farmer Fund is seeking a senior business support manager and a senior impact investment manager for remote roles in the Northeast US.
- Reinvestment Fund is hiring a credit officer for a hybrid role in Philadelphia or Atlanta, or remote.
- Visa is looking for a sustainability director for European social impact and sustainability in London.
Dozens of job opportunities are available to subscribers each week on ImpactAlpha’s Career Hub.
🤝 Meet up
- Oct. 27-29: SOCAP25 (San Francisco)
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