KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...
Paul Cheng Chief Officers Feb 2011
1. CAF Venturesome – Impact Investing Paul Cheng Senior Investment Manager, CAF Venturesome The text in this document may be reproduced free of charge providing that it is reproduced accurately and not used in a misleading context. The material must be acknowledged as Venturesome copyright and the title of the document specified.
5. The social investment market: risk / return Low Financial Risk Philanthropy Impact Investment Property / working capital Development capital Commercial returns VS Bridging Fund VS Development Fund Classical grant making (-100%) Reduced financial return compensated by social impact High Financial Risk Loss of capital compensated by social impact Giving Multiplier
22. Matching financial mechanisms to funding needs Secured loan Standby Facility Overdraft Unsecured Loan Patient Capital Quasi-equity Equity Grant HIGH CHANCE OF REPAYMENT LOW CHANCE OF REPAYMENT
23. Matching financial mechanisms to funding needs Secured loan Standby Facility Overdraft Unsecured Loan Patient Capital Quasi-equity Equity Grant HIGH CHANCE OF REPAYMENT LOW CHANCE OF REPAYMENT LOW RISK HIGH RISK Property/Asset purchase (mortgage) Cashflow bridging Pre-funding Capital Fundraising Higher risk working capital Development Capital
24. Matching financial mechanisms to funding needs Secured loan Standby Facility Overdraft Unsecured Loan Patient Capital Quasi-equity Equity Grant HIGH CHANCE OF REPAYMENT LOW CHANCE OF REPAYMENT LOW RISK HIGH RISK Property/Asset purchase (mortgage) Cashflow bridging Pre-funding Capital Fundraising Higher risk working capital) Development Capital
25. Matching financial mechanisms to funding needs Unsecured Loan Overdraft Quasi-equity Equity Grant Pre-funding capital fundraising Higher risk working capital Development capital Standby Facility LOW RISK HIGHRISK Property/Asset purchase (mortgage) Appropriate Funding (correlation) Patient Capital Secured loan Cashflow bridging LOW CHANCE OF REPAYMENT HIGH CHANCE OF REPAYMENT