For at least a couple of decades now, we’ve seen an incremental, yet steady growth of impact investing within the investment community – that is, the use of capital to generate measurable social or environmental improvements alongside financial returns. This growth, while not insignificant, has not reached anywhere close to its full potential, estimated to be as much as $200 billion. A recent announcement by global investment powerhouse BlackRock that it will unveil its own new vehicle to channel capital for social good could change all that substantially and trigger a boom in impact investing.
That’s tremendously good news for people like me who are working to direct impact investment into urban communities. At the same time, this ...more