To What End: Blended and Alternative Finance
THURSDAY, 1 nOVEMBER
Moderator: Laurie Spengler, Enclude
Geoff Burnand, Investing for Good
Joan Larrea, Convergence
Anuj Sharma, Alsisar Impact
When, why, and how does blended and alternative finance make sense, and to what end are we effectively utilising these structures? Novel finance mechanisms can be responsive to specific gender lens investment challenges, but they are not always appropriate solutions. We will consider both the supply and demand side as we work together to identify a handful of “common denominators” to most effectively tap blended and alternative finance to advance targeted impact results. With industry commentary increasingly using the terminology of “blended” and “alternative” finance, this panel will work to cut through the noise and identify a set of common features underpinning when and why blended and alternative structures, instruments, and terms are appropriate.
Laurie Spengler is President & CEO of Enclude (formerly ShoreBank International Ltd. and Triodos Facet), a global advisory firm and impact investment bank dedicated to building inclusive, sustainable and prosperous local economies. The firm delivers integrated capacity solutions (consulting) and capital advisory services (investment banking) to...
...financial institutions, business support organisations, private-sector companies, funders and investors. Ms. Spengler has 25+ years’ experience in strategy and transaction services, specifically capital raising, M&A and private equity transactions where the purpose of the capital raised is linked to delivering positive impact. She has developed a particular expertise in designing, structuring and launching investment vehicles that align different types of capital to allow operating enterprises, financial institutions and various types of investors to generate positive social, environmental and development outcomes while delivering appropriate financial returns. Ms. Spengler is an active member of the impact investing and development finance communities. Previously, Ms. Spengler was founder and CEO of Central European Advisory Group, a regional advisory firm she sold to her management team in 2005. She also worked as an attorney with the New York, Brussels and Prague offices of White & Case. Ms. Spengler has a JD from Harvard University and an undergraduate degree from Stanford University. Among her active board engagements, she serves as a member of the Executive Committee of the Aspen Network of Development Entrepreneurs, the UK National Advisory Board on Impact Investing (part of the Global Impact Investment Steering Group established under auspices of the G8) and the CDC Group. Ms Spengler is also a member of the Council on Foreign Relations.
Geoff Burnand is the co-founder and CEO of Investing For Good, a pioneer and a leading intermediary in the impact investing sector since its establishment in 2004. IFG has delivered several notable firsts in the market, including...
...arranging and bringing to market the first listed charity bond programmes, producing the first impact rating and portfolio design capability for the sector which provides a credible, authoritative methodology to analyse socially motivated capital, and the first blended capital fund for social investment in the arts. IFG published The Good Analyst in 2012 and The Good Investor in 2013. Geoff has been a Trustee of adult disability, foundation and arts and culture charities and is a technical expert on the impact effectiveness of international aid programmes.
Joan Larrea - As CEO of Convergence, Joan leads the world’s first institution dedicated to increasing private sector investment in emerging markets by helping investors execute blended finance deals. Joan is an expert in catalyzing investment in places that need it most and brings with her over 20 years of experience in emerging markets investing. Prior to joining Convergence, she...
...served as U.S. Overseas Private Investment Corporation's (OPIC) Managing Director for Business Development and Partnerships, leading efforts to partner with philanthropic and private investors to increase capital flows to OPIC's target markets. Before OPIC, Joan served as a managing director on the emerging markets team at Global Environment Fund, a privately held asset manager with $1 billion in assets under management, dedicated to the energy, environmental, and natural resource sectors. She began her career as an investment officer at the International Finance Corporation, where she concluded pioneering transactions in diverse infrastructure and manufacturing sectors across Asia.
Anuj Sharma has 17 years of experience working in 16 countries in the financial advisory segment with 10 years focused on development finance and impact investing, specifically structuring, transaction advisory, legal documentation, field reviews; valuation and international taxation. Anuj founded Anuj S Sharma & Co (ASCo), in 2008 that...
...has recently been restructured as Alsisar Impact, HQ in Mumbai, a fully focused impact investing transaction advisory firm that has went on to become the leading impact investing transaction advisory firm in recent past working/ worked with multiple Impact investors/Foundations/DFIs and 600+ Social enterprises including unique 360 deal support (legal, finance, regulatory, structuring and taxation).