Indiana Could be Social Investing Leader

Posted: Updated:
Springer says the approach has worked well in other communities Springer says the approach has worked well in other communities
INDIANAPOLIS -

A partner at a prominent Indiana-based law firm says the state is positioned to be a leader in social impact investing, which aims to generate financial return and social good. Marilee Springer with Ice Miller says a combination of socially-active private equity investors and a deep bench of philanthropic organizations make Indiana an ideal spot for social investing. She cites 16 Tech and the Indiana Philanthropic Venture Fund as examples of industry and social organizations coming together to improve communities.

Ice Miller has launched a social impact content campaign, saying its clients increasingly do not want to choose between financial and social return when investing. Springer says Indiana's roster of prominent philanthropic organizations including Glick Philanthropies, the Lumina Foundation, the Fairbanks Foundation, Lilly Endowment Inc. and the Central Indiana Community Foundation.

Springer says similar efforts have worked in other communities. She points to public-private seed-stage investor CincyTech in Cincinnati as "where you would like Indianapolis to be 10 years from now." Springer says the firm has a "robust" social impact fund with about 40 portfolio companies which have helped generate millions of dollars in capital and thousands of new jobs.

  • Perspectives

    • Bond Yield Curve: Indicating Recession?

      The bond market's yield curve is sending us warning signals of an impending recession. What exactly is the yield curve? Is it really an indicator of the health of our economy? Should you care what shape it's in - steep, flat, or inverted? Yes, investors should pay attention! Let's start with the basics...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Bond Yield Curve: Indicating Recession?

      The bond market's yield curve is sending us warning signals of an impending recession. What exactly is the yield curve? Is it really an indicator of the health of our economy? Should you care what shape it's in - steep, flat, or inverted? Yes, investors should pay attention! Let's start with the basics...

    • High Alpha 'Doubling-Down' With $100M in Funding

      Indianapolis-based High Alpha has launched its next phase with a more than $100 million boost from investors. The funds fuel the creation of High Alpha Capital II, an $85 million venture fund, and High Alpha Studio II, a venture studio focused on cloud-based startups that received $16.7 million from San Francisco-based Emergence Capital. The capital raised for the new fund and studio will build on the High Alpha portfolio, which has supported the co-founding of...

    • The manufacturer says the project will result in up to 107 new jobs by 2021.

      Spa Maker Growing In Fort Wayne

      Fort Wayne-based Master Spas is planning to add more than 100 jobs at its Allen County operations. The company is investing $15 million to turn the former Fort Wayne Plastics facility into what it says will be the largest swim spa manufacturing operation in the world. The new facility, which is next to Master Spas' current campus, is scheduled to be fully operational by January and will expand the company's footprint by six acres.

    • Reynolds Farm Equipment Earns Major Honor

      Farm Equipment magazine has named Hamilton County-based Reynolds Farm Equipment the 2018 North American Dealer of the Year. It is the first time an Indiana-headquartered equipment dealer has received the honor. The award recognizes the top agricultural equipment dealer in North America based on a variety of performance metrics and a review of transformational initiatives, such as succession, leadership, and performance management.

    • Gina Giacone and Crystal Hinson Miller

      IU Health Foundation Adds Board Members

      Indiana University Health Foundation has added seven people to its board. The new board members are: Gina Giacone (pictured), Crystal Hinson Miller (pictured), Stephen G. Moore, Dennis Murphy, Anne Nobles, William R. “Bill” Ringo, Jr. and Deborah Tobias. Members of the IU Health Foundation board serve to increase public awareness, promote the interests and advance the priorities of IU Health.