Stephen Vicinelli and Catherine Dun Rappaport Be a part of Social Finance to Develop a One-Cease Resolution for Influence-First Investing
Collectively, Vicinelli and Dun Rappaport convey almost 60 years of expertise in finance and affect evaluation to Social Finance’s affect investments group.
BOSTON, March 22, 2023 /PRNewswire/ — Immediately, Social Finance, the nationwide affect finance and advisory nonprofit, introduced that Stephen Vicinelli and Catherine Dun Rappaport have joined its management group. In response to the fast progress of the affect investing market, Vicinelli and Dun Rappaport are creating a fund centered fully on impact-first investments that goal to ship measurable constructive social and/or environmental outcomes. Launching later this yr, Social Finance anticipates that this impact-first fund might be an open-ended fund of funds offering a one-stop answer for traders looking for entry to a diversified portfolio of catalytic, impact-first investments in quite a lot of asset courses and throughout a spread of affect themes, together with local weather, inexpensive housing, financial mobility, monetary inclusion, well being, and small enterprise possession. Vicinelli and Dun Rappaport have developed an in depth, repeatable funding course of that features each monetary and affect due diligence, in addition to a sturdy framework for affect measurement and administration.
As Vice President, Influence Investments at Social Finance, Stephen Vicinelli leads the design and implementation of impact-first funding options to assist affect traders, donor-advised fund (DAF) sponsors, and DAF donors mobilize passive charitable capital into catalytic, impact-first investments at scale. Earlier than Social Finance, Vicinelli served as Deputy Chief Funding Officer for TIFF Funding Administration, a supplier of funding options to the nonprofit group. He additionally spent 15 years main TIFF’s personal funding program, elevating personal funds on behalf of nonprofit traders. Previous to TIFF, Stephen spent ten years at Morgan Stanley, the place he held positions within the agency’s mergers and acquisitions, know-how company finance, and realty advisory practices. For 9 of these years he was based mostly in London, the place he had vital publicity to the worldwide personal fairness group as an advisor, underwriter, and co-investor.
In her function as Vice President, Influence Advisory, Catherine Dun Rappaport leads efforts to make sure that Social Finance’s fund delivers significant, measurable, constructive affect on individuals and planet, and that its affect diligence, measurement, and administration processes are each rigorous and sensible. Previous to Social Finance, Dun Rappaport was Senior Vice President of Studying and Influence Administration at BlueHub Capital, a nationwide group improvement monetary establishment (CDFI), the place she spearheaded its affect measurement and administration operate and led efforts to evaluate and enhance the affect of BlueHub’s investments. She additionally serves as a Senior Advisor to Influence Frontiers—a collaborative centered on understanding and growing the affect of mission-driven investments—and the Higher Boston Analysis Community.
“Constructing on our 12-year monitor file in creating impact-first methods, we’re excited to reply to the market’s demand for a one-stop answer for the impact-first finish of the affect investing spectrum. We’re lucky to recruit Stephen and Catherine to drive these thrilling efforts,” Social Finance CEO and Co-Founder Tracy Palandjian mentioned.
“Our main goal is to mobilize passive, charitable capital into catalytic impact-first investments. If we are able to function an efficient conduit between traders looking for impactful investments and proficient fund managers working to generate extremely impactful outcomes, then our Fund might be attaining its formidable mission,” Vicinelli mentioned.
“Social Finance is a trailblazer in creating funding methods that help significant constructive outcomes,” Dun Rappaport mentioned. “I am excited to assist our philanthropic companions and affect traders deploy capital in ways in which help financial, racial, and environmental justice.”
Study extra about Vicinelli and Dun Rappaport’s experiences in this Q&A.
Social Finance has pioneered a set of modern outcomes-based funding methods within the U.S., together with the Social Influence Bond and the Profession Influence Bond. The group’s financial mobility portfolio consists of the funding program funded by the Google Profession Certificates Fund, the UP Fund, place-based Pay It Ahead Funds, and the Dreamers Graduate Mortgage Fund. Social Finance has a group of greater than 120 individuals with workplaces in Austin, Boston, New York, San Francisco, and Washington, DC.
About Social Finance
Social Finance is a nationwide affect finance and advisory nonprofit. We work with the general public, personal, and social sectors to create partnerships and investments that measurably enhance lives. Since our founding in 2011, we have now mobilized roughly $350 million in new investments designed to assist individuals and communities notice improved outcomes in training, financial mobility, well being, and housing. Study extra at socialfinance.org.
Carrie Benjamin, Director of Media & Communications
All info is supplied for informational functions solely and doesn’t represent, and shouldn’t be construed or used as a suggestion to promote, or a solicitation of any supply to purchase, curiosity or shares within the fund described above. No supply or solicitation could also be made previous to the supply providing paperwork, which is able to comprise extra info together with disclosures regarding danger elements and conflicts of curiosity. You probably have any questions on this press launch or the data on it, please contact Social Finance at firstname.lastname@example.org.
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SOURCE Social Finance