11. The new space we fill… Risk/ Return Purpose Why they don’t plug the gap Traditional Capital Market Market rate risk/ return Maximize financial return No interest in social impact or the cost of doing good Donors -Grants HI Risk No Return (tax break) Maximize social return Limited scale Often lacks business case Debt (NonProfit, ComDev, most PRIs) Med/Low Risk Low Return Demands collateral, lower risk profile doesn’t fund expansion Expansion Equity and Equity-like Med/High Risk Med/Low Return Balances SROI within traditional business ROI for expansion Fills the growth gap , its what we are creating CDVCs/ SVCs High Risk Med/High Return Maximize financial return within social or community development context No appetite for the cost of doing good Fiduciary responsibility to get a market rate return Social Return Financial Return Balances SROI within business traditional ROI e.g. Banks and Private Equity Foundations Calvert Foundation Partners for a Common Good NP Finance Fund Pac Com Ventures SJF Ventures Investors Circle Some Venture Philanthropy and Foundations nibble around the edges, no inst.