So many goodies in this article about the rise of social venture funds:
This year, socially conscious venture funds are ramping up at an unprecedented scale. At least seven new and follow-on funds billed as mission-driven investment vehicles are on track to raise about $750 million this year
“It’s really peaked in the last six months,” says David Chen, founder of Equilibrium Capital, a planned $200 million fund focused on the cleantech and wellness sectors. Since he began raising the fund last fall, Chen has seen a marked increase in interest levels from investors of all stripes in the social venture asset class.
The rise in social venture comes as institutional and accredited investors are putting significantly more money into so-called socially responsible investment (SRI) vehicles. Today, roughly $2.71 trillion—or 11% of assets under professional management in the United States—are now involved in SRI, according to the Social Investment Forum, a trade group.