The Global Impact Investing Network (GIIN)

The Global Impact Investing Network (GIIN) just released a report on impact investing market. Looks an interesting read. 1340 organizations manage $502 bn assets globally which is less than 1 percent of the size of  global capital markets. Asset managers dominate with 51% of estimated AUM and DFI at 27%. To make the impact space more impactful, the size of DFI must increase exponentially. Maximum number of the sample organizations are headquartered in North America.

Iceland and World’s First Equal Pay

Iceland passed the world’s first equal pay rule on January 1 2018 for companies with 25 employees and more with four years to be compliant. The rule becomes a benchmark to bridge inequity in the pay based on gender.

Lift For India

As an exception, I am publishing Lift For India competition held in the local gym near my place. The power lifting competition included three core strength exercises: Bench Press, Squats and Dead Lifts. The proceeds of the competition were donated to the families of the victims of Pulwana terror attack in Kashmir, India. For donation refer to the link below.

https://bharatkeveer.gov.in/

I am no way a master of these exercises but it’s always good to take part in a holistic cause. The spirit of the competition is always to enjoy and do your best. This article includes on the ground videos. Continue reading “Lift For India”

Azem Premji’s Enduring Benevolence

Azem Premji, the founder of Wipro, known for innovation and philanthropy, recently committed to give a major part of his fortune for charitable causes. The total amount of $21 bn catapults him globally to an exclusive club comprising of Bill Gates, George Soros, Warren Buffet to name a few as some of the most influential people in philanthropy. His largesse is so monumental, invigorating and inspiring for everyone around the world and enhance philanthropy among entrepreneurs and high net-worth people in India. Wipro started as a vegetable oil manufacturer and Azemji turned it into one of the best technology companies in India. Not only a visionary, Azem Premji is known for humility and simplicity. Continue reading “Azem Premji’s Enduring Benevolence”

FED and Inverted Yield Curve

The FED will not be increasing any more rates this year and there might be a possibility of a rate cut.  The US yield curve is showing an inversion forecasting a possible recession in the US. I had argued in my article on Jerome Powell about inverted yield curve a few months back when the yields were flat. Somehow my words have proved to be prophetic which is a bit scary for me. The labor market looks very strong still in the US.

Cyclone Idai

One of the worst cyclones to hit Africa.

Attaching the article which I shared I had retweeted here. Pls help.

https://www.unicef.org/press-releases/cyclone-idai-more-15-million-children-urgently-need-assistance-across-mozambique

Blended Finance Explained

This article discusses the strategic use of blended capital, different types of blended capital used especially Collective investment vehicles (CIV) and role of blended capital in meeting Sustainable Development Goals (SDGs) by 2030. One of the major strategic use of blended finance is to enhance funds in the development sector especially in low and middle-income countries for meeting SDGs targets. In order to attract capital from the private sector especially institutional investors the idea of catalytic first loss capital evolved.

Although blended capital can include both concessional and non-concessional finance, IFC deployed about $560 million of concessional development funds between 2010 and 2016 to support more than 100 projects in 50 countries. This signifies the skew towards concessional finance as part of blending. Development Finance Providers take the first loss capital through guarantees, grants, insurance working as different ways of blending capital for credit enhancement. Guarantees work in covering the first set of losses while Grants might include first loss guarantee or deployment of capital without any repayment over a fixed time period. Grants also include money for technical assistance for completion of the project specifically to develop capacity and scale up the business model. While guarantees are the most widely used in blending capital especially in infrastructure projects, more instruments including pay for success (social and development bonds among others), securitization, hedging, and junior equity/ subordinate debt and collective investment vehicles are incorporated today. Continue reading “Blended Finance Explained”

Way Ahead

Sorry for the delay in the Blended Finance article, I took a small vacation.

First, let’s begin Personal with Nish section again. I had started this section sometime back but plan to relaunch it here again to list a summary of my experiences here. One important message I learnt in life is never to stop indulging in activities just because one is single especially traveling. I got inspired by backpackers from America and Europe on the merits of traveling alone. I usually make sure that I stay in modest hostels so I can meet people from around the world. It can be quite fun. Second, the article on Blended Finance will be more elaborate than a summary of collective investment vehicles. Finally, all spiritual articles including articles on Buddha would be shifted to a new blog. This is so I can write here more freely across topics.

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