In 2014, [The Center for the Advancement of Social Entrepreneurship (CASE)] had been invited to be part of the United States National Advisory Board on Impact Investing (the NAB). An impressive group of impact investing professionals from industry, philanthropy, government and academia, we had been meeting for nearly a year under the auspices of the Social Impact Investment Taskforce established by the G8. Our purpose: to collect advice and make concrete recommendations for how US policymakers could encourage more impact investing.
To make the effort more concrete the NAB solicited commitments from participants in the investment communities to inject new funds into the impact investment space. By June of 2014, 29 organizations had promised to invest $1.5 billion in new funds.
An assessment 18 months later showed that more than $2.5 billion had been invested by the group of funders.
