Increasing collaboration between foundations, family offices, and DFIs to support impact businesses and intermediaries in emerging markets
International Finance Corporation, Capria, Ceniarth, Lemelson Foundation, Omidyar Network, Sorenson Impact Foundation, Village Capital, I&P and other impact leaders are convening a small, invite-only event that aims to explore strategies for significantly increasing investment by private foundations, fund-of-funds, family offices, and DFIs into local impact businesses in emerging markets. The goal of the workshop is to gather key players for a productive discussion, resulting in concrete steps to help effectively increase the velocity and quantum of investment to address the global missing middle.
When: Thursday, September 15, 2016, 2 pm – 5 pm
Where: Near Fort Mason, San Francisco, CA
Who: This event brings select principals and decision makers for impact investment from family offices, private foundations, fund-of-funds, as well as a small number of DFIs.
Why: Impact investors are deploying different strategies to address the missing middle in emerging markets. Many private foundations and family offices are more familiar and active with direct investment into businesses that offer social and environmental impact. On the other hand, some strongly believe that local funds stand at the nexus of identifying and supporting the most promising entrepreneurs and companies. Yet, DFIs and other investors are often reticent to invest in first-time managers, often waiting for hard proof of viability. No one can conclusively claim which strategy represents the most efficient and effective path to deploy the needed amounts of capital and have the corresponding impact at scale.
All of us want to see investments of hundreds of millions of dollars translating into the generation of billions in revenue, mass job creation, and providing access to products and services that can scale and improve the lives of millions.
Goal: The goal of this workshop is to more deeply understand how to make more private foundations, family offices and DFIs feel more confident about either investing in, or co-investing with, local intermediaries in order to deploy the billions in capital needed to address the missing middle in the years to come.
How: Through a series of facilitated discussions, attendees will address the following fundamental questions:
- What key factors are impeding many private foundations and family offices from investing in local funds in emerging markets?
- Why are some choosing to invest directly rather than in funds?
- What is the role for, and how important is, blended finance in unlocking capital?
- What would help direct investors more efficiently and effectively co-invest with local funds?
- How can investors increase the support and nurturing that impact business leaders need to thrive?
- What providers of technical assistance would you recommend for local fund managers and entrepreneurs?
- What would be the best way to communicate a new investment opportunity in a local fund or its portfolio companies to potential investors?
- What information and processes would make an engagement with a potential investee fund easier and more productive for all involved?
- What are the key due diligence steps for the best-run investors targeted the missing middle in emerging markets? Would a standardized way of providing due diligence documents expedite the process, reduce costs and increase investor confidence?
- Are there specific kinds of financial and impact reporting formats that would make an investment in a local fund more compelling for each class of investor?
- One or more follow-up video conferences to further develop ideas and themes explored during the discussion.
- Identification and engagement of ecosystem leaders who can help implement new strategies
- Published white paper summarizing the problem and challenges and suggested strategies to increase investments
Contact: If you are interested in learning more about this event or want to RSVP, please contact Michael Newman at michaeln [at] capria dot vc