ImpactPHL Perspectives, Volume 3: Scaling Capital for Impact Through Fixed Income Investments
ImpactPHL Perspectives, Volume 3: Scaling Capital for Impact Through Fixed Income Investments

Last May, Reinvestment Fund announced a $50 million public bond offering to further its mission to build wealth and opportunity for low-income places and people. The bonds were rated AA- by S&P and represent one of the first examples of connecting CDFIs to mainstream capital markets. Demand for these bonds far exceeded expectations and the offering was oversubscribed. It was a testament to the demand among institutional investors for viable options to channel their capital towards impact, while also receiving market-rate returns.

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business leaders, investorsCory DonovanDon Hinkle-Brown & Andy Rachlin - Reinvestment Fund
ImpactPHL Perspectives, Volume 2: Making “Risky” Local Investments for the Common Good
ImpactPHL Perspectives, Volume 2: Making “Risky” Local Investments for the Common Good

There’s a collective societal consciousness that thinks of traditional stock and bond markets as prudent and safe while viewing direct investments into businesses and non-profits as risky. The Untours Foundation seeks investments with local and/or societal benefits and makes the case that perhaps the level of risk isn’t so different after all.

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business leaders, investors, start-upsCory DonovanElizabeth Killough - Untours Foundation