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Impact investing: harnessing capital markets to solve problems at scale


  • Bugg-Levine, Antony
  • Goldstein, John


There is not enough charitable and government capital to meet the social and environmental challenges we face. Where, then, will we find the money to complement charity and government to bring solutions to scale? The Rockefeller Foundation launched its Harnessing the Power of Impact Investing initiative in November 2008 because it believes that impact investing can be part of the answer. Imprint Capital was similarly founded in 2007 to help the growing ranks of institutions and high-net-worth individuals create and execute strategies to drive impact with their investments.

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  • Bugg-Levine, Antony & Goldstein, John, 2009. "Impact investing: harnessing capital markets to solve problems at scale," Community Development Investment Review, Federal Reserve Bank of San Francisco, issue 2, pages 30-41.
  • Handle: RePEc:fip:fedfcr:y:2009:p:30-41:n:v.5no.2

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    1. Miriam Wasserman, 2000. "Mining data," Regional Review, Federal Reserve Bank of Boston, issue Q3, pages 17-24.
    2. Joe Peek & Eric Rosengren, 1998. "The evolution of bank lending to small business," New England Economic Review, Federal Reserve Bank of Boston, issue Mar, pages 27-36.
    3. Gregory D. Squires & Sally O'Connor, 1999. "Access to capital: Milwaukee's small business lending gaps," Proceedings 773, Federal Reserve Bank of Chicago.
    4. Alicia Robb & Robert Fairlie, 2006. "Access to Financial Capital Among U.S. Businesses: The Case of African-American Firms," Working Papers 06-33, Center for Economic Studies, U.S. Census Bureau.
    5. P. K├Âllinger & M. Minniti, 2006. "Not for Lack of Trying: American Entrepreneurship in Black and White," Small Business Economics, Springer, vol. 27(1), pages 59-79, August.
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    Cited by:

    1. Clarkin John E. & L. Cangioni Carole, 2016. "Impact Investing: A Primer and Review of the Literature," Entrepreneurship Research Journal, De Gruyter, vol. 6(2), pages 135-173, April.

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