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Part Two: the blended value asset class  Is claiming its place on the capital map ©  2007   all rights reserved
investment | philanthropy > spectrum of investing > overview Investing and giving no longer binary © Graphic conceptualiza...
investment | philanthropy > spectrum of investing > overview Instead, a specrum has evolved © Graphic conceptualizations ©...
investment | philanthropy > spectrum of investing investment philanthropy blended value Do you seek market rate returns? D...
investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit © ...
investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit <u...
investment | philanthropy > spectrum of investing Socially Targeted Market Rate Funds market rate near market rate concess...
investment | philanthropy > spectrum of investing Social & Community Development  Venture Capital market rate near market ...
investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit <u...
market rate near market rate concessionary rate no return, tax credit <ul><li>REDF </li></ul><ul><li>Social Venture Partne...
The new space we fill… Risk/ Return Purpose Why  they don’t  plug the gap Traditional Capital  Market Market rate risk/ re...
Filling the growth gap <ul><li>For funding the expansion of proven social enterprises…. </li></ul>Opportunity Solution Why...
Commercial Debt Grants Infrastructure Capital Social Angels Social VC “ PRI” Debt Public Market SRI Landscape Definition E...
Commercial Debt Grants Infrastructure Capital Social Angels Social VC “ PRI” Debt Public Market SRI Landscape Definition E...
investment | philanthropy New capital with new power to make change
<ul><li>Working Today </li></ul><ul><li>Evergreen Lodge </li></ul><ul><li>Real Benefits </li></ul><ul><li>The-hub.net </li...
<ul><li>Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 </li></ul><ul><li>Impact graphic © Aquillian ...
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Good Capital

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Part two: the Blended Value asset class emerges

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    1. 1. Part Two: the blended value asset class Is claiming its place on the capital map © 2007 all rights reserved
    2. 2. investment | philanthropy > spectrum of investing > overview Investing and giving no longer binary © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007
    3. 3. investment | philanthropy > spectrum of investing > overview Instead, a specrum has evolved © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007
    4. 4. investment | philanthropy > spectrum of investing investment philanthropy blended value Do you seek market rate returns? Do you sacrifice all your capital for positive impact? Do you sacrifice some return for positive impact? © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 You ask three questions, not just two, because it’s a spectrum
    5. 5. investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds Social & Community Development Venture Capital
    6. 6. investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit <ul><li>Calvert </li></ul><ul><li>Domini </li></ul><ul><li>Access Capital </li></ul><ul><li>Generation </li></ul>© Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds Social & Community Development Venture Capital
    7. 7. investment | philanthropy > spectrum of investing Socially Targeted Market Rate Funds market rate near market rate concessionary rate no return, tax credit <ul><li>Blue Orchard Microfinance </li></ul><ul><li>Community Reinvestment Fund </li></ul><ul><li>Deutsche Eye Fund </li></ul>© Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Social & Community Development Venture Capital
    8. 8. investment | philanthropy > spectrum of investing Social & Community Development Venture Capital market rate near market rate concessionary rate no return, tax credit <ul><li>Pacific Community Ventures </li></ul><ul><li>CEI (Maine, VT, NH) </li></ul><ul><li>CDVCA </li></ul><ul><li>Investors’ Circle </li></ul>© Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds
    9. 9. investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit <ul><li>Calvert Foundation </li></ul><ul><li>Good Capital </li></ul><ul><li>Nonprofit Finance Fund </li></ul><ul><li>RSF Social Finance </li></ul><ul><li>Oasis (Blue Orchard) </li></ul>© Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds Social & Community Development Venture Capital
    10. 10. market rate near market rate concessionary rate no return, tax credit <ul><li>REDF </li></ul><ul><li>Social Venture Partners </li></ul><ul><li>New Profit Inc. </li></ul>Acumen, Newschools Strategic Philanthropy Socially Screened Funds Community and SE Investment Socially Targeted Market Rate Instruments Social & Community Development Venture Capital
    11. 11. The new space we fill… Risk/ Return Purpose Why they don’t plug the gap Traditional Capital Market Market rate risk/ return Maximize financial return No interest in social impact or the cost of doing good Donors -Grants HI Risk No Return (tax break) Maximize social return Limited scale Often lacks business case Debt (NonProfit, ComDev, most PRIs) Med/Low Risk Low Return Demands collateral, lower risk profile doesn’t fund expansion Expansion Equity and Equity-like Med/High Risk Med/Low Return Balances SROI within traditional business ROI for expansion Fills the growth gap , its what we are creating CDVCs/ SVCs High Risk Med/High Return Maximize financial return within social or community development context No appetite for the cost of doing good Fiduciary responsibility to get a market rate return Social Return Financial Return Balances SROI within business traditional ROI e.g. Banks and Private Equity Foundations Calvert Foundation Partners for a Common Good NP Finance Fund Pac Com Ventures SJF Ventures Investors Circle Some Venture Philanthropy and Foundations nibble around the edges, no inst.
    12. 12. Filling the growth gap <ul><li>For funding the expansion of proven social enterprises…. </li></ul>Opportunity Solution Why GC Execution <ul><li>… creating the need for a new asset class that: </li></ul><ul><ul><li>understands the risks and benefits of doing good, </li></ul></ul><ul><ul><li>invests in great social entrepreneurs, and </li></ul></ul><ul><ul><li>creates the inspiration and motivation for others to think big, achieve more </li></ul></ul>
    13. 13. Commercial Debt Grants Infrastructure Capital Social Angels Social VC “ PRI” Debt Public Market SRI Landscape Definition Evaluation/ Certification Transactional (e.g. Funds) Exchange Platform © Jay Coen Gilbert, Don Shaffer and John Katovich The infrastructure for the Social Capital Market is emerging AA1000 GRI RSF Social Finance NFF Capital Partners Investors’ Circle Aspen Institute Domini Social Investments Underdog Chicago Climate Exchange SouthShore Bank Calvert Special Equities - CF CI Notes - Calvert Mutual Funds New Schools BOVESPA Social Stock Exchange Origo NFF Lending Acumen Fund Generation Investments Generation Foundation Ashoka Deutsche Eye Fund
    14. 14. Commercial Debt Grants Infrastructure Capital Social Angels Social VC “ PRI” Debt Public Market SRI Landscape Definition Evaluation/ Certification Transactional (e.g. Funds) Exchange Platform <ul><ul><ul><ul><li>Calvert </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Philanthropic </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Assets/DAF </li></ul></ul></ul></ul>AA1000 GRI RSF Social Finance Local Exchange NFF Capital Partners Investors’ Circle Aspen Institute Domini Social Investments Underdog Chicago Climate Exchange B Lab Good Capital SouthShore Bank Calvert Special Equities - CF CI Notes - Calvert Mutual Funds New Schools Xigi.net BOVESPA Social Stock Exchange UK Social Stock Exchange Fourth Sector Network Origo NFF Lending Acumen Fund Patient Capital Collaborative Generation Investments Generation Foundation Ashoka Deutsche Eye Fund © Jay Coen Gilbert, Don Shaffer and John Katovich More intermediaries a sign of new money in the Blended Value Market
    15. 15. investment | philanthropy New capital with new power to make change
    16. 16. <ul><li>Working Today </li></ul><ul><li>Evergreen Lodge </li></ul><ul><li>Real Benefits </li></ul><ul><li>The-hub.net </li></ul><ul><li>Pura Vida </li></ul><ul><li>Women’s Bean Project </li></ul><ul><li>The Benefit Bank </li></ul>good capital > where Social enterprises ready to grow
    17. 17. <ul><li>Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 </li></ul><ul><li>Impact graphic © Aquillian Investments LLC </li></ul>accelerating the flow of capital to good Goodcap.net GoodCap’s xigi map: http://www.xigi.net/index.php?en=338
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