The following is an excerpt from Sonia Talati | April 25, 2016 | Barrons.com |
Impact investing, while steadily on the rise, is an enormously time-consuming, demanding, and costly investment pursuit, mostly suited to Penta’s wealthy audience. That does not dim investors’ interest, but the specialist knowledge needed to do it right does raise barriers to entry for all but the wealthiest investors. A Chicago-based partnership, known as Benefit Chicago, is hoping to lure in a new breed of retail investor by taking the toil out of impact investing.
The John D. and Catherine T. MacArthur Foundation, one of the largest philanthropies in the country, along with the nonprofit financial institution, the Calvert Foundation, announce today that they are issuing in total $100 million in fixed-income instruments for the benefit of nonprofits and social enterprises in the Chicago area.
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