The extra implications and considerations for investors for impact on dealing with defaulting investments.
In the current uncertain climate, investors for impact will be faced with a number of challenges as their borrowers and other investees find themselves struggling to meet payment and other obligations.
Alongside the contractual protections that all investors will look to call on, the investor for impact will be faced with further moral and ethical questions. Balancing the need to support and sustain the positive social and/or environmental impact created by investee organisations, with financial responsibility to internal and external stakeholders.
This virtual roundtable focusing on the UK environment starts the conversation for these funders - focusing primarily on debt impact investments - touching on the practical and legal (contractual rights, financial risks, impact management) and the ethical. Two practical case studies will be shared, to encourage meaningful peer-to-peer conversations.
A chance for all those currently active or interested in the UK market to take a moment to consider and discuss with peers how best they may - and already have - approached these types of situations.
Download the presentation here.
Watch the webinar recording here.
Agenda
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10:30-10:35 |
Introduction and welcome |
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10:35-10:55 |
Setting the scene (legal and practical) |
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10:55-11:00 |
Q&A |
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11:00-11:20 |
Case Study 1 + Q&A |
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11:20-11:40 |
Case Study 2 + Q&A |
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11:40-12:00 |
Group discussion |
In collaboration with
Louise Harman
Louise Harman is a Partner at law firm Bates Wells and co-leads the firm's multi-disciplinary Impact Economy practice which advises clients seeking to have a positive social impact through their business, investments and other activities. In particular, she advises on impact investing, social investment transactions as well as providing strategic structuring, governance and general commercial advice.
Sung-Hyui Park
Sung-Hyui Park is a Senior Associate in the Impact Economy practice at Bates Wells, the first UK law firm to be certified as a B Corp. Sung-Hyui advises on the full range of activities carried out by clients seeking to have a positive social impact through their business and other activities, including capital-raising, formation, governance, and general not-for-profit and commercial law issues.
She has a particular interest in structuring and executing impact-focused investment transactions in a wide range of forms, for organisations including social investors, development finance institutions, charities and foundations, certified B Corps and other purposeful businesses and investors.
Before joining Bates Wells, Sung-Hyui trained and worked for 10 years in the Banking & Finance team at Clifford Chance, where she advised on a wide range of international and national complex financing transactions.
Nick Temple
Nick joined Social Investment Business (SIB) in January 2018. SIB helps charities and social enterprises get the money and support they need to improve people's lives. Since 2002, SIB has provided over £400m worth of loans and grants to charities and social enterprises
Previously, Nick was Deputy CEO at Social Enterprise UK. Before that, he was Director of Policy & Communications at the SSE, and led the expansion of their social franchise across the country.
Nick is on the board of Social Value UK, the UK National Advisory Board for Impact Investing, Charity Bank's Social Sector Advisory Panel, Big Issue Invest's Investment Committee, and the Diversity Forum for Social Investment.
Peter Cafferkey
Peter is the Impact Europe's Foundations Market Development Lead. In addition, he is the CEO and Founder of Boncerto, a social good consultancy working with individuals, corporations and not-for-profits to help increase their effectiveness and enable them to do good, better.
Prior to heading up Boncerto, Peter had over a decade of experience working globally in the philanthropic sector, most recently leading for Geneva Global (a US advisory firm) in the UK and Europe, where he worked with wealthy families to help develop their thinking on philanthropy and deliver large scale development programs in Sub-Saharan Africa and South Asia. Prior to this Peter worked in the international department of the Charities Aid Foundation, providing strategic leadership to offices in East Asia and Australia, whilst representing CAF on the global stage.
Martin Lawson
Martin Lawson is the Head of Impact and Innovation for Resonance, one of the UK's leading Social Impact Investment organisations. He has worked as a consultant in impact investment and measurement in UK, European and North African contexts; and is now focused on helping Resonance's investees and other clients grow and strengthen their impact, as well as supporting the development of the impact investment ecosystem.