From Pay-for-Success to solar energy financing, the NEXT Fund for Innovation awards new ways to improve outcomes in underserved communities across the U.S.
This week, the Global Steering Group for Impact Investment (GSG), an independent multilateral catalyzing impact investment and entrepreneurship, awarded its 2017 GSG Honor for Impact Asset Owner of the Year to Reinvestment Fund, an OFN Member CDFI. Presented at the GSG Impact Summit 2017 in Chicago, the award honors asset owners—including institutional investors, philanthropies, high net-worth individuals, family offices, corporations, banks, governments, and development-finance institutions—directing their capital to impact.
Philadelphia, May 31, 2017: Reinvestment Fund today announced the creation of a $10 million Pay for Success (PFS) Fund to support PFS transactions in the United States. QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance compan