ISAs in the Financial Times

JFI quoted in “American Education and the Rise of Philanthropic Capital”
Jan 18, 2019

Alphaville reporter Thomas Hale writes about the connection between impact investing and income share agreements. Former ISA lead Will Nelligan notes: “In these early days of the ISA market, we need to bridge the gap between the cost of capital that is sensible from a social perspective and the return profile that is sustainable from a commercial perspective … One promising approach is a version of structured finance, using concessionary capital from foundations or endowments to provide credit enhancement for market-rate investors.” Read the article here.