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NEW YORK, May 10, 2021 /PRNewswire/ BlueMark, a leading provider of independent impact verification services for investors and companies, announced the creation of a first-of its-kind benchmark for tracking best practices in impact management. Designed to root out impact-washing, BlueMark s benchmark allows market participants to readily differentiate between impact leaders and learners.
The benchmark is based on aggregated data and insights from 30 impact verifications for investors with a combined $99 billion in impact assets under management on their alignment with the Operating Principles for Impact Management ( Impact Principles ), the leading market standard for impact management practices. Each BlueMark impact verification involves conducting multiple interviews with client teams and reviewing hundreds of pages of investment policies, transaction documents, data, and reports. The full report,
We re closing in on the one-year anniversary of George Floyd s murder by a white Minneapolis police officer, which ignited worldwide protests and underscored the urgent need to dismantle systemic racism in the United States. What has been built up for centuries cannot be torn down in an instant. Change must come from many directions, including those that may not seem obvious at first glance. Like investing.
If you are fortunate enough to be an investor, you have the means to contribute to change by applying a racial equity lens to your investments. Here are some thoughts on how to do it.
Debt facility backed by guarantees from Michael & Susan Dell Foundation and Rockefeller Foundation
Under-banked households and micro-entrepreneurs across the country with a monthly household income of less than INR 25,000, will be the key beneficiaries of the funding
Chennai, April 19, 2021: Northern Arc, one of India’s leading digital debt platforms, today announced that it has received INR 40 crore of debt financing from Kotak Mahindra Bank, one of the country’s largest private banks. The facility is backed by partial guarantees from The Michael & Susan Dell Foundation (MSDF) and The Rockefeller Foundation. The transaction is part of the covid-response package of both these impact institutions, that aims to alleviate the economic and social impact of the pandemic.
India Digest: BLinC Invest floats new fund; Northern Arc raises debt from Kotak
Photo: Pixabay
April 20, 2021
Venture capital firm BLinC Invest Monday announced the launch of a Rs 100-crore ($13.5-million) SEBI registered Category-II Alternative Investment Fund (AIF). Separately, Northern Arc has raised Rs 40 crore in debt financing from Kotak Mahindra Bank.
BLinC Invest floats $13.5m fund
Mumbai-headquartered venture capital firm BLinC Invest Monday announced the launch of a $13.5-million (Rs100 crore) SEBI registered Category-II Alternative Investment Fund (AIF).
In a statement, the firm said that it has marked the first close of the fund at Rs30 crore, and expects to achieve its final close by the end of this year.