By Rip Rapson
Editor's note: A version of this blog first ran in Impact Alpha. Read it here.
By Kimberlee Cornett
Unfunded guarantees have helped Kresge leverage its balance sheet, make financial commitments to reduce or mitigate risk, and drive social impact, all while keeping funds fully invested in our corpus earning an average of 7.5 percent each year.
As 2017 comes to an end, our Social Investment Practice team members look back at what deals or impact investment advancements they saw launch into the market – both from Kresge and in the field beyond – that had them excited about seeing capital deployed in new, innovative ways toward social issues from the environment to neighborhood revitalization.