Transform
 Finance
 Investor
 Network
 Launches
 with Pledge of $556M at
 White
 House 
Event



June 27, 2014  |   CDVCA Ventures Blog,Industry News,Member News   |     |   0 Comment

Washington
 DC,
 June 
25, 
2014

Transform
 Finance
 Investor
 Network
 Launches
 With
 Pledge
 of
 $556 million “Transformative”
 Investments 
at
 White 
House
Event

A
 group 
of 
leading
 private
 sector 
investors,
 at
 a 
high‐level 
roundtable
 on 
impact
 investing 
convened
 by
 the
 White
House,
  has
pledged
 $556
 million 
to
 a
 range 
of
 social
 investments
 using 
a
 novel
 investment
 approach
 centered 
on 
social 
justice 
and
community 
value
 creation.

On
 June
 25,
 2014, 
the 
White 
House
 hosted
 a
round table
 on 
impact 
investing, 
during
 which
 some 
20
 new
 private 
sector
commitments 
were
 made 
to 
drive
 more
 than
 $1.5 
billion 
into 
investments 
that
 intentionally
 generate 
measurable
 social
 or
environmental 
impact

 as 
well
 as 
financial
 return.

The 
group
 of 
investors 
convened 
by 
the 
Transform
 Finance
 Investor
 Network,
 concerned 
about 
a
 trend
 in
 impact 
investing 
that
stops 
short
 of
 truly
 transformative 
impact,
 pledged 
to 
invest
 in
 alignment
 with 
the 
transformative
 finance
 principles
 of:

(1) 
engaging
 communities 
in 
the
 design,
 governance,
 and 
ownership 
of
 projects
 (2)
 creating 
more 
value 
for
 c ommunities
 than 
is
extracted 
by 
investors
 (3) 
fairly 
allocating
 risks
 and
 rewards
 between 
investors, 
entrepreneurs,
 and 
communities

The 
group 
of 
Transform 
Finance
 Investor
 Network
 investors 
includes 
Pi 
Investments,
 Blue
 Haven
 Initiative,
 New
 Belgium
Family
 Foundation,
  ReInventure
 Capital, 
and
 The
 Working
 World.
 These
 members 
will
 invest
 across
 asset
 classes,
 geographies,
and
 verticals.

“This
 is
 a 
novel 
approach
 that
 puts
 capital
 at
 the 
service
 of
 community
 needs.
 We
 hope 
that
 through
 our
 participation 
in
 the
Transform
 Finance
 Investor 
Network,
 we
 can
 help 
build 
a
 vibrant 
community
 of 
sophisticated 
investors
 who
 deeply
 believe 
in
empowerment
 and
 intend 
to 
consider 
and 
prioritize
 community
 benefit
 in 
every
 investment 
we
 make,”
said
 Brendan
 Martin,
President
 of
 The
 Working
 World.

Investments
 may
 span 
from
 debt
 funds 
that
 finance
 conversion 
of
 corporations 
into
 worker‐owned
 cooperatives,
 to 
renewable
energy
 projects 
that
 are 
locally 
owned
 by 
and
 benefit
 indigenous
 communities.

Andrea
 Armeni,
 Executive
 Director
 of 
Transform
 Finance,
 convened
 the 
group,
 which 
has
 grown
 to
 include
 impact
 investment
leaders 
such
 as
 Calvert
 Foundation
 and
 RSF
 Social
 Finance.

“Impact 
investment
 is
 at
 the
 tipping 
point 
to 
scale,
 and 
hence 
it’s
 a 
crucial
 time 
to 
ensure
 community 
accountability 
and
engagement 
becomes
 common
 practice.
We 
appreciate
 the 
White
 House’s
 commitment
 to 
real
 impact,
 and 
look 
forward 
to
engaging
 with 
our
 investor 
peers,
 both
 public
 and 
private, 
to
 put
 the 
transform
 finance 
principles 
into
 action,”
 said
 Morgan
Simon,
 managing 
director 
of
 Pi
 Investments 
and
 founder
 of
 Transform
 Finance.

For 
more 
information
 contact
 Andrea
 Armeni,
 Executive
 Director
 of
 Transform 
Finance,

 at
 (415)
265‐0035
or
andrea@transformfinance.org