With its focus on 'doing good,' impact investing is currently one of the hottest areas amongst the broader investment community, but there are many more facets to 'making impact' than most investors realize.
Melissa Cheong is the chief investment officer at Zoma Capital, the private family office of Ben and Lucy Ana Walton. In this interview, she discusses the Walton family's committed approach to impact investing; how Zoma is addressing many environmental and social challenges on a global scale; and why family offices are uniquely positioned to provide flexible long-term capital.
New York, 4 December 2017 — The Ford Foundation announced today the appointment of Roy Swan as director of its Mission Investments team based in New York. Swan will lead a dedicated team managing the portfolio announced in April, when Ford committed to invest $1 billion over the next ten years in mission-related investments (MRIs). His team also leads one of the nation’s largest portfolios of program-related investments (PRIs), which Ford pioneered in the impact investing field.
The Blue Haven Initiative was one of the earliest family offices to commit itself to 100% mission-aligned investing. At more than $500 million, it's one of the biggest to make that commitment. And it's one of the first to share its challenges publicly.
There is a growing trend among family investment groups to invest more into impact investment initiatives. Here are ten family-linked investment groups - in no particular order - that are leading the pack in impact investing and venture philanthropy.
Coal stocks are on the rebound, but California’s main public pension fund won’t see investment gains from that industry.