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Friday, March 28, 2008

Growth Finance For Social Entrepreneurs

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Session Description

Financing the growth of operations to achieve major scale is without a doubt the biggest challenge facing social entrepreneurs. Not only are larger amounts of capital hard to obtain, but the funding available frequently neglects the need to build the core capacity of the to organisations – and can result in pressures that dilute the to organisations focus on maximizing social impact. This panel explores a range of methods and strategies available to social entrepreneurs for financing their growth plans, including emerging ways to create new asset classes (including hybrid, for-profit, and for-benefit models); and cutting-edge intermediaries supporting social entrepreneurs’ financing efforts. And a seasoned social entrepreneur will be on hand to share experiences on the ground in obtaining major funding from both grant and investor sources.

When | Where

09:00 - 11:00 Friday, March 28

Session leaders

  • CEO, Nonprofit Finance Fund
    Antony Bugg-Levine is CEO of the Nonprofit Finance Fund, one of the nation's leading community development financial institutions that makes millions of dollars in loans to nonprofits and pushes for fundamental improvement in how money is given and used in the sector. Prior to this, he co-led the Rockefeller Foundation’s program work focused on impact investing – that is developing investment vehicles and supportive infrastructure for the placement of capital into deals that generate both social and environmental impact and financial return. Prior to joining Rockefeller, he served as the Country Director of TechnoServe in Nairobi, Kenya where he helped to design and implement business solutions to rural poverty. In Kenya and Uganda he also worked with various capital providers to develop profitable mechanisms to extend lending to rural businesses. A native of South Africa, he served in the late 1990s as the communications director at the South African Human Rights Commission and as a speechwriter and media strategist for the ANC’s 1999 national election campaign.
  • Executive Partner, SeaChange Capital Partners, Inc
    Chuck Harris is Executive Partner of SeaChange Capital Partners, Inc., a newly-formed non-profit financial intermediary designed to enhance the flows of growth capital to outstanding social change organisations. He is a former partner and managing director of Goldman, Sachs & Co. Chuck is president of the trustees of Phillips Exeter Academy, where he is also chair of the Exeter Initiatives, the school’s $305 million comprehensive capital campaign. He is board chair of College Summit, where he also worked as interim VP of Business Development from April to September 2004. He is a co-chair of the New York City Advisory Board of Teach for America and a leader of the NYC sponsor group. Chuck serves on the board of the Alliance for Young Artists & Writers, Inc., which administers the Scholastic Art & Writing Awards. He is a director of IPValue Management, Inc. and SeaCloth, LLC.
  • CEO, E+Co
    Christine Eibs Singer, ECo’s Co-Founder and Chief Executive Officer, is responsible for the vision and strategy behind ECo’s mission to create energy enterprises that alleviate poverty and protect the planet. She has over 20 years of experience in the successful implementation of public-private partnerships and regularly shares her knowledge and best practices with other thought leaders in this sector.
  • Mark Campanale Speaker
    Founder and Executive Director, Carbon Tracker Initiative
    Mark is the Founder of the Carbon Tracker Initiative and conceived the ‘unburnable carbon’ capital markets thesis. He commissioned and was editor of Unburnable Carbon – Are the World’s Financial Markets Carrying a Carbon Bubble? In November 2011. More recently, Mark founded and is Chairman of the Fish Tracker Initiative – which focuses on limits to growth in the fisheries space. Mark is responsible for management strategy, board matters and developing their capital markets framework analysis. Their goal is to align capital markets with natural ecological limits to growth. Mark has twenty nine years experience in sustainable financial markets working for major institutional asset management companies. Mark is a co-founder of some of the first responsible investment funds firstly at Jupiter Asset Management in 1989 with the Ecology Funds, NPI with Global Care, the AMP Capital Sustainable Future Funds, and Henderson Global Investor’s Industries of the Future Funds. Mark remains an advisor to Consilium Capital and Tribe Impact Capital, both impact focused investment firms. Mark served on the World Business Council for Sustainable Development working group on capital markets leading up to the 1992 Earth Summit; was a Member of the Steering Committee of UNEP Financial Sector Initiative (1999-2003). Mark is a Founder Director of the UK Sustainable and Responsible Investment Forum (UKSIF), 1990-2006, is a member of the Advisory Council of the GIIN's; a member of the Advisory Board of the Gordon and Betty Moore Foundation’s ‘Conservation and Markets Initiatives’; a member of UNCTAD’s Sustainable Stock Exchange’s Green Finance Advisory Group; and is the Hon Treasurer of The Rainforest Foundation UK. Mark is also Founder of the Social Stock Exchange, funded by Rockefeller Foundation and more recently Big Society Capital. Mark has a BA in Politics & Economic History and an M.Sc in Agricultural Economics. Mark is regulated by the FC
  • Global Head, Philanthropy Services, UBS
    Maximilian Martin is Global Head and Managing Director of Philanthropy Services at UBS AG. He also serves as a Visiting Professor at the University of Geneva. Previous engagements include serving as Head of Research at the Schwab Foundation, Senior Consultant with McKinsey & Company, instructor at Harvard’s Economics Department, and Fellow at the Center for Public Leadership at the John F. Kennedy School of Government. In 2003, he developed the first university course on social entrepreneurship in Europe for the University of Geneva and the Schwab Foundation for Social Entrepreneurship. In 2003-2004, he set up UBS Philanthropy Services and the UBS Philanthropy Forum. Dr. Martin holds a Master in Anthropology from Indiana University, a Master in Public Administration from Harvard University, and a PhD in Economic Anthropology from the University of Hamburg, Germany.