Social Finance Global Network and The Global Steering Group for Impact Investment have announced the launch of Social Finance India , a new non-profit intermediary that aims to galvanize the Indian impact investment space. Social Finance India’s first two products- India Impact Fund of Funds (IIFF) and India Education Outcomes Fund (IEOF) will launch in 2018.
One of it’s first tasks will be to build two high-profile $1 billion funds to be launched this year at the Global Steering Group’s 2018 Impact Summit in Delhi on 8-9 October. The hope is that these funds will give a huge fillip to India’s Impact Investment market, which according to McKinsey & Company1 attracts $1.1 billion annually.
The SF-IND Board will comprise Rajiv Lall, MD and CEO, IDFC Bank; Ashish Dhawan, Founder, Central Square Foundation; and Vikram Gandhi, Founder, ASHA Impact and a Senior Lecturer at the Harvard Business School.
Social Finance is a global network of not-for profit organizations that partner with governments, the social sector and impact investors to find better ways of tackling social problems and improving the lives of people in need.
Social Finance India is a part of the pioneering global Social Finance network and will collaborate with governments, nonprofits, for-profit impact enterprises, philanthropic foundations, and impact investors to scale up outcome focused and SDG ( sustainable development goals ) aligned impact programs. You can read more about them at: www.socialfinance.org.in