Download Introduction to Social Finance: reusing money for financial and

CFG INVESTMENT CONFERENCE
SEPTEMBER 2012
John Kingston
Social Finance is authorised and regulated by the Financial Service Authority FSA No: 497568
SOCIAL FINANCE: OUR MISSION
• We believe that if social problems are to be tackled effectively, successful
organisations seeking to solve them need sustainable revenues and investment
to enable innovation and growth.
• Our role is to understand the social problem and the proposed intervention,
devise the financial structures and raise the capital to enable this to happen.
• Social Finance is a non-profit organisation regulated by the FSA.
• PACT
©Social Finance 2012
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CHARITIES NEED ACCESS TO CAPITAL
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HIGH
CHANCE OF
Secured loan
REPAYMENT
Standby
Facility
Overdraft
Unsecured
Loan
Patient
Capital
LOW
RISK
Property /
Asset purchase
Working
Capital
Pre-funding
Capital
Fundraising
Higher
Risk
Working
Capital
HIGH
RISK
Development
Capital
Quasi-equity
LOW
Equity
CHANCE OF
REPAYMENT Grant
INCREASING
SUPPLY
Source: CAF Venturesome
©Social Finance 2012
LITTLE
INVESTORS - A SPECTRUM
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Impact investment
Programme
grants
Esmee
Fairbairn
Foundation
CC14
terminology:
Source: Social Finance
©Social Finance 2012
Programmatic
capital
CAF
Venturesome
Impact first
Big Issue
Invest
Programme-related investments
Finance first
Bridges
Ventures
‘Sustainable’
investment
Generation
Investment
Management
Mixed motive
investments
Mainstream
commercial
investor
Barclays
Capital
Financial investments
IMPACT INVESTORS: FINANCIAL VS. SOCIAL RETURN
Source: Investing for impact, case studies across the asset classes. Bridges Ventures and The Parthenon Group
©Social Finance 2012
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CONTACT DETAILS
John Kingston
[email protected]
Trupti Patel
[email protected]
©Social Finance 2012