I would like to find five media stories (that have links to either videos or photos of the story) that revolve around the benefits of social impact investment funds.
The Rise Fund, Livelihoods Fund, Giant Leap Fund, Double Impact Fund, and WE Capital/Rethink Impact Fund focused on funding projects that create a social impact or socially conscious companies. Below, I will provide a synopsis of the articles that mentioned the impacts created by the five impact investment funds.
THE RISE FUND
The Rise Fund was co-founded by Bill McGlashan, TPG Growth’s founder and managing partner, activist and U2’s lead singer Bono, and Jeff Skoll, a film producer and entrepreneur. The fund focused on financing companies worldwide that address the seven environmental and social sectors listed in the United Nations’ 17 sustainable development goals. The Rise Fund has invested $50 million in Dodla Dairy, a fresh dairy company serving South India, $120 million in digital-education firm EVERFI, and a Brava-based IoT appliance maker. The article includes an image of the Dodla Dairy.
The first Livelihoods Fund was launched in 2011 with investments from 10 companies. The fund has benefitted “1 million people in developing countries, planted 130 million trees, equipped 120,000 families with efficient cookstoves, and helped sequester 10 million tons of CO2 in projects spanning 10 to 20 years.” The first Livelihoods Fund has also helped to implement sustainable agricultural practices on Kenya's Mount Elegon. The article includes an image of villagers in Sumatra, Indonesia who has received funding to help them plant 18 million mangroves.
GIANT LEAP FUND
The Giant Leap Fund is managed by the Impact Investment Group. The fund focused on investing in companies that are making an environmental or social impact. The Giant Leap Fund has so far invested in Sendle, the only carbon neutral delivery service in Australia and YourGrocer, an Australian startup that allows shoppers to buy produce from local independent butchers, delicatessens, greengrocers, and bakers. The main article includes an image of Sendle founder James Chin Moody, Giant Leap’s representatives, and other investors.
DOUBLE IMPACT FUND
The $390 million Double Impact Fund is managed by Bain Capital. One of the fund investors included former Massachusetts governor Deval Patrick, who together with his partners have invested $40 million in the fund. The Double Impact Fund has so far invested in Impact Fitness, “a franchisee of 13 Planet Fitness health clubs operating in Indiana and Michigan, states with high rates of obesity, diabetes and high blood-pressure,” and Living Earth, a Houston, Texas-based company that recycles organic waste. The article includes an image of Deval Patrick.
WE CAPITAL/RETHINK IMPACT FUND
WE Capital, a consortium of 12 women, has invested over $12 million via Rethink Impact, in gender-diverse companies with women leaders or women on the management team. The fund was created to solve the problem of women-led companies receiving lesser funding than their male counterparts. The article includes an image of the consortium.
In conclusion, the Rise Fund, Livelihoods Fund, Giant Leap Fund, Double Impact Fund, and WE Capital/Rethink Impact Fund have focused on funding projects that create a social impact or socially conscious companies. The investments from these funds ranged from projects that have benefitted people living in developing countries to women-led businesses.