Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Good Returns & Inverdale Capital Management launch program for impact investors

Wednesday, May 09, 2018
Opalesque Industry Update - Good Returns, the Dallas-based hybrid social enterprise whose unique philanthropic model for businesses helps create sustainable social impact, and Inverdale Capital Management, an asset management firm focused on alternative investments, today expanded their existing partnership by announcing the launch of their Guarantee-Investment-Values Strategies (GIVS). In addition to targeting a financial return, GIVS take into account an impact weighting and provide guarantee capacity for impact lending programs.

GIVS will immediately expand the guarantee capacity for Good Returns' Cycle program. Through Good Returns, participating companies provide capital in the form of a one-year interest-free loan, or "cycle." Good Returns then deploys the capital to vetted groups that address social challenges using financially and operationally sustainable models, also called "impact organizations." The loan increases the effect of the impact organization and is repaid a year later. Since the Cycle program requires repayment of capital, the model not only encourages sustainability, but actually requires it. Good Returns provides access to no-cost growth capital only for organizations that have demonstrated sustainable, long-term solutions.

"Guarantees make it possible for companies to participate in much larger Good Returns' cycles," said Kyle Lukianuk, President of Good Returns. "That means a guarantee can enable more women to start their own businesses, send more children to school and provide clean drinking water to more communities around the globe." Prior to the development of GIVS, Good Returns only provided guarantees for its Cycle program through philanthropic partnerships. Now that guarantors have options that are more than just philanthropic, Good Returns' Cycle program is well positioned to scale.

"Investors are increasingly asking if high-performance strategies can also create high impact," said Ryan Small, managing partner at Inverdale Capital Management. "With this innovation, Good Returns is creating social impact on multiple levels."

GIVS participants designate a portion of their managed assets for participation in Good Returns' guarantee. The guarantee-designated assets are used as collateral, but remain continuously invested throughout the cycle.

As a result of GIVS, Good Returns plans to launch new local and international cycles throughout 2018.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1