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NJFuture Redevelopment Forum 2015 Trelstad

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Overview of social investment in redevelopment.

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NJFuture Redevelopment Forum 2015 Trelstad

  1. 1. I New Thinking for New Outcomes: Achieving Multiple Bottom Lines Reuben Teague, Director-Impact Investing, Prudential Financial Shalini Vajjhala, Founder & Chief Executive Officer, re:focus partners Brian Trelstad, Partner, Bridges Ventures (Moderator) NJ Future Redevelopment Forum March 13, 2015
  2. 2. 1 Rise of Sustainable and Impact Investing
  3. 3. 2 Rise of Sustainable and Impact Investing
  4. 4. 3 Rise of Sustainable and Impact Investing
  5. 5. 4 Rise of Sustainable and Impact Investing
  6. 6. 5 Rise of Sustainable and Impact Investing
  7. 7. 6 Rise of Sustainable and Impact Investing
  8. 8. 7 Rise of Sustainable and Impact Investing
  9. 9. 8 Rise of Sustainable and Impact Investing
  10. 10. 9 Rise of Sustainable and Impact Investing
  11. 11. 10 Rise of Sustainable and Impact Investing
  12. 12. 11 Rise of Sustainable and Impact Investing
  13. 13. 12 Rise of Sustainable and Impact Investing
  14. 14. March 10, 2015: Just Another Day at New Jersey Future 13
  15. 15. 14 Investments from “impact investment groups” at Prudential, Goldman Sachs with NJEDA grant March 10, 2015: Just Another Day at New Jersey Future
  16. 16. 15 Investments from “impact investment groups” at Prudential, Goldman Sachs with NJEDA grant Farmland LP and Working Farms Capital are new funds investing in sustainable agriculture March 10, 2015: Just Another Day at New Jersey Future
  17. 17. 16 Investments from “impact investment groups” at Prudential, Goldman Sachs with NJEDA grant Farmland LP and Working Farms Capital are new funds investing in sustainable agriculture New wind finance funds are being raised all over the US that offer attractive fixed income returns March 10, 2015: Just Another Day at New Jersey Future
  18. 18. 17 March 10, 2015: Just Another Day at New Jersey Future
  19. 19. 18 Jack & Jakes part of a new wave of post-Katrina Impact Investing March 10, 2015: Just Another Day at New Jersey Future
  20. 20. 19 Jack & Jakes part of a new wave of post-Katrina Impact Investing Green infrastructure funds being raised for NYC and other cities March 10, 2015: Just Another Day at New Jersey Future
  21. 21. Impact Investments… … are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. The Global Impact Investment Network, 2009 20
  22. 22. Impact Investments… … are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. The Global Impact Investment Network, 2009 21
  23. 23. Impact Investments… … are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. The Global Impact Investment Network, 2009 22
  24. 24. Impact Investments… … are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. The Global Impact Investment Network, 2009 23
  25. 25. Impact Investments… … are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. The Global Impact Investment Network, 2009 24
  26. 26. Traditional Philanthropy Finance-only Impact-only Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off Examples Focus • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  27. 27. Traditional Responsible Philanthropy Finance-only Impact-only Focus on ESG risks Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off • Ethically- screened investment fund Examples Focus • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  28. 28. Traditional Responsible Impact-first Philanthropy Finance-only Impact-only Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off • Ethically- screened investment fund • CDFIs and affordable housing • RWJF “program related investment” Examples Focus • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  29. 29. Traditional Responsible Sustainable Impact-first Philanthropy Finance-only Impact-only Focus on ESG opportunity Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off • Ethically- screened investment fund • Long-only public equity fund integrating ESG analysis • CDFIs and affordable housing • RWJF “program related investment” Examples Focus • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  30. 30. Traditional Responsible Sustainable Thematic Impact-first Philanthropy Finance-only Impact-only Focus on ESG opportunity Focus on issue areas where need creates a commercial opportunity Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off • Ethically- screened investment fund • Long-only public equity fund integrating ESG analysis • Clean energy fund • Emerging markets healthcare fund • Microfinance debt fund • CDFIs and affordable housing • RWJF “program related investment” Examples Focus • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  31. 31. Traditional Responsible Sustainable Thematic Impact-first Philanthropy Finance-only Impact-only Focus on ESG opportunity Focus on issue areas where need creates a commercial opportunity Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off • Ethically- screened investment fund • Long-only public equity fund integrating ESG analysis • Clean energy fund • Emerging markets healthcare fund • Microfinance debt fund • CDFIs and affordable housing • RWJF “program related investment” Examples Focus Impact Investing • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  32. 32. Traditional Responsible Sustainable Thematic Impact-first Philanthropy Finance-only Impact-only Focus on ESG opportunity Focus on issue areas where need creates a commercial opportunity Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off Competitive returns • Ethically- screened investment fund • Long-only public equity fund integrating ESG analysis • Clean energy fund • Emerging markets healthcare fund • Microfinance debt fund • CDFIs and affordable housing • RWJF “program related investment” Examples Focus Impact Investing • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  33. 33. Traditional Responsible Sustainable Thematic Impact-first Philanthropy Finance-only Impact-only Focus on ESG opportunity Focus on issue areas where need creates a commercial opportunity Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off Competitive returns High-impact solutions • Ethically- screened investment fund • Long-only public equity fund integrating ESG analysis • Clean energy fund • Emerging markets healthcare fund • Microfinance debt fund • CDFIs and affordable housing • RWJF “program related investment” Examples Focus Impact Investing • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  34. 34. Traditional Responsible Sustainable Thematic Impact-first Philanthropy Finance-only Impact-onlyThe New Paradigm Focus on ESG opportunity Focus on issue areas where need creates a commercial opportunity Focus on ESG risks Focus on issue areas where need requires partial financial trade-off or subsidy Pure fiduciary focus Focus on an issue area where need requires 100% financial trade-off Competitive returns High-impact solutions • Ethically- screened investment fund • Long-only public equity fund integrating ESG analysis • Clean energy fund • Emerging markets healthcare fund • Microfinance debt fund • CDFIs and affordable housing • RWJF “program related investment” Examples Focus Impact Investing • Princeton University Endowment • RWJF Endowment • Grants to operating non-profits • RWJF grant Impact Investing sits within a “Spectrum of Capital”
  35. 35. 34 There has been an explosion of players in the last decade Source: Accelerating Impact, a report prepared by E.T. Jackson and Associates and commissioned by The Rockefeller Foundation
  36. 36. Hearing from two leading practitioners 35 REUBEN TEAGUE Director, Social Investments Program, Prudential Financial, Inc. Reuben Teague is responsible for sourcing, underwriting and managing investments that meet Prudential’s social value criteria while providing risk- adjusted financial returns. The Social Investments Program manages a portfolio of more than $300 million in investments and typically originates between $50 million and $75 million in transactions annually. SHALINI VAJJHALA Founder and Chief Executive Officer, re:focus partners Re:focus partners operates as a social entrepreneur, designing integrated, resilient infrastructure systems and developing new public-private partnerships to align public funds and leverage private investment for vulnerable communities around the world.

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