In the latest episode of BMBW, Daniel speaks with Martin Hahn, CEO of Capital Dynamics, and Verena Rossolatos, Chair of the Responsible Investment Committee at Capital Dynamics. Capital Dynamics is a leader in clean energy and the lower middle market investing. Capital Dynamics manages over $14 billion by targeting strong returns while leading on impact – including becoming one of the first signatories of the UN Principles for Responsible Investing in 2008 and their Clean Energy and Infrastructure Fund earning a 5-Start rating from GRESB. Verena and Martin discuss how Capital Dynamics developed its responsible investing strategy, highlighting key milestones like launching its clean energy business line, creating the R-Eye rating system ( Capital Dynamics’ proprietary ESG scoring system) and dedicating themselves to transparency and engagement in the ESG realm. They explore how to align with evolving European and American perceptions of impact and ESG with a focus on the significance of financial materiality and ethical business practices. Tune in to discover how Capital Dynamics is investing not only for solid returns but also to ensure a sustainable future. These expert insights provide valuable lessons for both seasoned investors and industry newcomers. If you enjoy this conversation and want to learn more about how investing for impact drives returns, visit us at www.impactcapitalmanagers.com.

In the latest Better Money Better World podcast episode, Daniel is joined by Brian Wayne, Managing Partner and Co-Founder of CurvePoint Capital. CurvePoint Capital is a private investment firm dedicated to advancing climate-focused innovation. Founded in 2024, it is committed to generating attractive returns for investors while fostering a sustainable and prosperous economic future. Brian shines the spotlight on the missing middle in capital for middle-stage companies. By filling a capital gap in the investment landscape, CurvePoint aims to balance risk and reward uniquely, driving significant environmental and economic progress. Tune in to hear how CurvePoint’s approach to debt financing offers flexibility and lower costs compared to traditional equity. Brian shares his approach to balancing capital, risk, and return expectations, emphasizing the goal of getting invested money back with interest and equity upside.

In the latest BMBW podcast episode, Daniel is joined by David Su, a Managing Partner and co-head of the Apax Global Impact team based in New York. Apax Global Impact invests in visionary businesses that deliver tangible impact. It partners with management teams to drive transformational outcomes for people and the planet. David was drawn to Apax’s authentic approach to impact investing and a large firm's global platform, collaborative culture, and resources. Having spent most of his career on the West Coast, where investors chase the next “unicorn,” David is excited to invest in and work with a different and more meaningful type of “unicorn,” one where the value is not only determined by headline dollars but where valuation and social impact are equally regarded. Apax’s strategy intertwines impact with financial performance, particularly at scale. While unique impact elements rarely drive alpha, the fund continually enhances business and impact dimensions. Intriguingly, Apax aims for private equity returns that are parallel to traditional funds but with an added layer of positive social and environmental outcomes. David is optimistic, citing increased employee and customer preferences for impactful companies and favorable borrowing conditions for such businesses.

In the latest from the BMBW podcast, Daniel joins Sabari Raja and Yigal Kerszenbaum, co-managing partners of JFFVentures. The conversation delves deep into the future of work, the growing need for upskilling, and how innovative solutions are shaping emerging job markets. JFFVentures is operationally independent but strategically aligned to Jobs for the Future (JFF), a forty-year-old national nonprofit working across the U.S. education and workforce systems to achieve equitable economic advancement for all. Together, they’re working to get 75 million people facing systemic barriers to advancement into quality jobs by 2033. Sabari and Yigal share how JFFVentures supports founders by leveraging JFF's unique strengths and mobilizing JFF’s extensive networks to help founders scale impact across the learn-to-work ecosystem. Their focused strategy includes investing in solutions that benefit middle- to low-income earners and leveraging tech-enabled scalable solutions to ensure a broad impact. Tune in to the full episode for a thought-provoking conversation on building a better workforce and driving meaningful economic impact.

Blue Earth Capital, a specialist global impact investor, is making waves in the world of impact investing by pioneering impact secondaries among other strategies. As Managing Director and Head of Private Equity Partnerships at BlueEarth, Nicolas Muller is focused on delivering social and environmental impact combined with market-rate returns. In this episode, Nicolas shares how BlueEarth isn’t just talking about change—they’re making it happen. Under his leadership, his team has built a powerful portfolio, with notable investments including African FinTechs, an EdTech in the US, in innovative bioagriculture companies, and a Ukrainian gender-smart strategy to support quality jobs. With over $1.2 billion in assets under management, BlueEarth is globally impacting both developed and emerging markets. To discover how BlueEarth is not just investing in the future but actively building it, one investment at a time, tune in as Daniel dives into how BlueEarth is making a real difference in impact investing by combining profit with purpose.

Shundrawn Thomas, Founder and Managing Partner of The Copia Group, built Copia to provide bespoke capital solutions to privately held, U.S.-based companies that are committed to economic Inclusion. Copia is one of the only impact-driven private debt funds. Shundrawn shifted his focus to private investing after serving as President of Northern Trust Asset Management -- where he was responsible for an over $1 Trillion business. A unique combination of career experiences shaped his entrepreneurial path and inspired him to start The Copia Group. This episode is a treasure trove of insights for anyone interested in the intersection of social impact and finance. Whether you're an investor, entrepreneur, or just curious about making a difference, this episode is one you can’t miss. Tune in now to gather inspiration and actionable strategies for inclusive investing!

In this episode, Daniel is joined by Dan Prawda, Founding Partner of GEF Capital Partners and co-head of the U.S. investment practice. GEF makes lower middle-market buyout investments in environmentally focused companies addressing climate change and/or pollution remediation. Join us for this insightful conversation delving deep into the world of climate-focused lower mid-market buyout investments in the United States and exploring how GEF Capital aims to address climate change and pollution remediation profitably. Daniel and Dan also discuss the rich history behind GEF Capital Partners, the extensive experience in private equity, and the importance of a global team.

In today's episode, Daniel is joined by Todd Leverette, an indisputable authority on employee stock ownership plans (ESOPs). Todd’s insights into the intricate dynamics of ESOPs leave no doubt about their transformative potential. Todd is a founding partner of APIS & Heritage Capital Partners. APIS & Heritage invest in companies going through ownership transitions to implement Employee Stock Ownership Plans (ESOPs), which aim to empower employees by giving them a stake in the company's success. Join us as Daniel engages in a captivating discussion with Todd Leverette, uncovering the complexities of employee ownership and its significant implications for wealth creation and corporate resilience.

In this episode, Daniel delves into the thesis and track record of Blackhorn Ventures, an early-stage venture capital fund investing in founders transforming how we build, power, and move our world. Melissa Cheong, Managing Director at Blackhorn, sheds light on the company's transformative role in reshaping legacy industries. Melissa has a long career in impact investing and in addition to her role as General Partner at Blackhorn, she’s an investment committee member of Blue Earth Capital, a leading alternative investor in impact, and Bonfils Stanton Foundation, a Denver-based organization focusing on arts and culture. Join us for a conversation with one of the few female GPs in venture capital; a leading investor with a track record of identifying technological innovation for societal impact, and learn how Blackhorn Ventures approach is transforming transportation, energy, construction, supply chain and logistics for a brighter and more sustainable future.

H/L Ventures integrates venture studio and investment fund strategies for purpose-driven businesses and was founded 16 years ago. Now, H/L Ventures stands out as a trailblazer in holistic company building, home to entities like H/L Studios and CityRock Ventures. Diverging from conventional venture firms, H/L Ventures is most differentiated for pioneering a deeply hands-on approach, actively participating in the daily operations of portfolio companies showcasing a profound commitment to their success. In this episode, Daniel is joined by Oliver B. Libby (co-founding Managing Partner) to explore the nuances of investing with a focus on impact.

Nuveen, the wholly-owned asset manager of TIAA, a renowned financial services company specializing in retirement savings, manages over a trillion dollars of AUM, with TIAA's capital exceeding $350 billion. Rekha Unnithan leads Nuveen Private Equity Impact in the alternative asset class, managing over $1 billion. Focusing on climate and inclusion within the growth equity space, Nuveen Private Equity Impact has thrived, resulting in the creation of Nuveen Climate Inclusion strategy, following the success of Fund 1 in 2020. Join Daniel and Rekha (Managing Director and Global Head of Private Equity Impact Investing) as they unravel Nuveen's journey, showcasing a harmonious blend of financial success and impactful change in the world of climate and inclusion.

GCM Grosvenor is a global alternative asset manager with over 50 years of experience investing across private equity, real estate, infrastructure, credit, and absolute return strategies. They are a pioneer in customized solutions and a leader in providing innovative turn-key multi-client products. They provide clients with flexible access to alternative investments through a range of implementation strategies, including funds, co-investments, secondary transactions, and direct investments. Listen as Daniel takes a deep dive into the world of sustainable investing with Jonathan Hirschtritt, Head of Sustainability at GCM Grosvenor, providing nuanced insights into the intersection of investment and diversity.

In 2017, Ford Foundation President Darren Walker embarked on an ambitious proposal to invest 8% of its then $12.5bn endowment – or roughly $1 billion – into impact investing and hired Roy Swan to run the effort. What could one of the most well-known foundations in the world do with the “other 95%” of their assets? The Foundation recently released a report on their efforts – highlighting a 28% compound annual return. Listen as head of Mission Investments Roy Swan describes the journey.

Jed Emerson co-authored the first book on impact investing and led a “portfolio lifestyle” with academic appointments at Harvard, Stanford and Oxford business schools while helping to start leading organizations like ImpactAssets and Pacific Community Ventures. He currently serves as Global Lead, Impact Investing for Tiedeman Advisors, a wealth manager with over $25bn of assets under management. Jed quotes wisdom from Buddhist scriptures to Martin Luther King to lead the impact investing industry back to its roots.

Autism Impact Fund (“AIF”) Founder Chris Male aims to become the investment and innovation arm of the autism community. AIF's mission is to revolutionize diagnosing, treating and living with autism through a venture capital model. With 1 in 44 children in the US diagnosed on the autism spectrum, over $350 billion in direct spend (over $60,000 per child with autism) and an 85% unemployment rate for autistic adults, AIF hopes to harness the power of the capital markets to create transformational change for people on the spectrum and with other neurodiverse challenges. AIF is advised by silicon valley heavyweights like Emergence Capital’s Brian Jacobs and Uber CEO Dara Khosrowshahi.

Equilibrium Capital has gathered over $4.5 billion across its platform of sustainability driven investment strategies. Equilibrium became one of the largest impact native investment firms by not referring to itself as an impact investor, but instead by developing strategies for institutional investors wherein sustainability drove the financial returns. Equilibrium created a series of thematic financial “products” that appealed to institutional investors – such as Equilibrium’s Carbon Transition Infrastructure and Controlled Environment Foods strategies. Founder Dave Chen has been a professor at Northwestern’s Kellogg Business School for 13 years where he talks about “building an army” of sustainable investors by teaching and encouraging students to pursue sustainable investing.

JPMorgan Chase is America’s largest bank and its Private Banking business, the firm’s wealth management arm for high and ultra-high net worth clients, is committed to building a sustainable investment platform that enables clients to direct dollars towards sustainable investing. Global Head of Sustainable Investing at J.P. Morgan Private Bank drills down on how to then measure that impact in both the public and private markets. J.P. Morgan’s Global Impact Fund represents a portfolio of impact-focused private vehicles focused on advancing towards the UN Sustainable Development Goals applying the rigor of the bank’s diligence process to identify and evaluate impact fund managers. On the public side, J.P. Morgan acquired OpenInvest, enabling the personalization of portfolios to align clients’ values and preferences to their investment goals.

Less than 3% of venture capital funding goes to women founders.  Yet studies show that women founders drive two times as much revenue as male founders and have better IRRs. Bobbi Kurshan and Kathy Hurley wrote InnovateHERs to highlight female business leaders and discover how women can leverage their entrepreneurial mindset to advance their careers. The book features the stories 29 entrepreneurial women, including those that overcame immense adversity including abject poverty, to achieve successes.  Each story is more inspiring then the prior, but decades of research into Entrepreneurial Mindset Profiles provides a framework to view their successes. Kurshan describes how purpose driven female leaders tend to overcome the propensity of women to be risk adverse.  In effect, female entrepreneurs are more likely to find their calling from a passion borne of empathy. Bobbi Kurshan describes how women can build their network, discover their passion, to become INNovateHERs.

As there will never be enough philanthropy dollars to solve major problems and opportunities driven by global crises like climate change, Apollo Global Management is looking to invest in large, scaled companies where growing profits is directly tied to impact. Apollo named Lisa Hall Impact Chairperson in 2020. Hall has been a leader in impact investing since the 1990s when she joined Calvert Impact Capital. Since then, she has been at the forefront of impact trend setting from serving as CEO at Calvert to joining the Brenninkmeijer family in 2010 to begin the transition of their family office investing towards impact and sustainability.

Purpose is a competitive advantage for the Builders Fund, which leads growth equity and buyouts of lower middle market companies driven by impact. Builders has invested in companies like PosiGen Solar, bringing solar power to low income homeowners; Traditional Medicinals, the leading wellness tea brand in North America; and Mixt, a plant-based restaurant chain. Mike Dutton and Tripp Baird founded Builders to fill a gap for impact-focused capital for emerging growth stage companies, and to be a purpose-driven partner as these businesses scale their impact.