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Growth Finance for Social Entrepreneurs

A Panel Discussion

Image caption: Singer, Bugg-Levine, Campanale, Harris
Singer, Bugg-Levine, Campanale, Harris

Not only are large amounts of capital hard to obtain for social entrepreneurship, but available funding frequently neglects the need to build the core capacity of the organization – potentially resulting in pressures that dilute the organization’s focus on maximizing social impact. This Skoll World Forum 2008 panel engages in an interactive discussion around the following: 1) the dysfunctional relationship between the supply of and demand for capital in the social sector; 2) the crucial role of intermediation for efficiencies in deal flow to organizations promising social impact of the scale and scope intended; 3) the role of financial intermediaries to enhance the flow of philanthropic grant capital for growth of high-performing social enterprises; and 4) a real-world example of using a hybrid/blended model of public and private capital for scaling a social enterprise.


Our publication of this program was made possible by the support of the following:

Antony Bugg-Levine, Managing Director, Rockefeller Foundation, leads the Foundation’s Initiative on Harnessing the Power of Impact Investing that seeks to help catalyze an efficient industry that can deploy investment capital to complement philanthropy in solving social challenges at scale. Prior to joining Rockefeller, he served as the Country Director of the international NGO TechnoServe in Nairobi, Kenya where he helped to design and implement business solutions to rural poverty focused on smallholder farmer economic integration and consulting to medium-scale enterprises. Earlier in his career, as a consultant with McKinsey, he focused on financial services and healthcare, managed the team that undertook a strategic review for the United Nations' Global Compact and helped to develop new frameworks to incorporate social dynamics into corporate strategy. Bugg-Levine is a graduate of Yale College and earned an MPA focused on Economic Development from Princeton's Woodrow Wilson School. He is an associate adjunct professor at the Columbia Business School where he teaches ‘Business Innovations in International Development.

Mark Campanale, Director, London Bridge Capital Limited, has over eighteen years experience in sustainable financial markets. Mark’s areas of knowledge are in the finance of clean tech companies, sustainable asset management and ecosystems services, principally forests. Recruited as one of the City’s first sustainable investment analysts in 1989, Mark is a co-founder of the sustainable investment businesses firstly at Jupiter Asset Management with the Ecology Funds (1989-1994); NPI with Global Care Funds (1994-1999); AMP Capital with the Sustainable Future Funds (2000-2001) and Henderson Global Investors with the Industries of the Future Fund (1999-2006). Mark is a Founder Director of the UK Social Investment Forum (1990-present), he 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), remains a Special Advisor, IFC Sustainable Financial Markets Trust Fund (2005-present) project on eco-securitization; serves as Hon. Treasurer, The Rainforest Foundation (UK) (2004-present), and is a Director of The Methane Recovery Fund, for Carbon Capital Markets (2006-present).

Charles T. Harris III, co-founder and Executive Partner of SeaChange Capital Partners, spent 23 years in the banking business before retiring in 2002 from his position as a Partner and Managing Director at Goldman Sachs, where he served as co-head of the East Coast High Technology Group in the firm’s Investment Banking Division and as co-head of Corporate Finance in the Americas. He is a graduate of Harvard College and the MIT Sloan School of Management. He is a co-chair of the New York City Advisory Board of Teach for America. In addition, he serves as President of the Trustees of Phillips Exeter Academy, where he chairs the school’s major capital campaign, the Exeter Initiatives.  He also serves as a Director of IP Value Management, Inc.

Christine Eibs Singer, co-founder and Executive Vice President of E+Co, an organization that makes clean energy investments in developing countries, plays an integral role in successfully implementing E+Co's mission to create energy enterprises that alleviate poverty and protect the planet. Her responsibilities include partner and investor relations, fundraising and strategic planning. Christine spent more than 10 years at the Port Authority of New York and New Jersey, concentrating on the development of public-private partnerships and is a graduate of Douglass College and the Eagleton Institute of Politics, Rutgers University. A seasoned public speaker, Christine has presented at the Washington International Renewable Energy Conference, the inaugural Clinton Global Initiative University, and the PRI Makers Conference. She serves on the steering committee and is a founding member of the Aspen Institute's "Aspen Network for Development Entrepreneurs" (ANDE).

Panel moderated by Dr. Maximilian Martin, Ph.D., Global Head, UBS Philanthropy Services, Switzerland

Resources:

    * The For-profit / Non-profit Hybrid Model
    * Funding

This free podcast is from our Skoll World Forum series.

For The Conversations Network:

  • Post-production audio engineer: Robb Lepper
  • Website editor: Kavitha K
  • Series producer: Peggy Drew