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Private-equity firm CoreCo has an investment thesis you’re not likely to read about in The Wall Street Journal. The $54 million fund spots high-growth businesses in Central America that operate with sustainable business practices.
CoreCo is among this year’s Best for the World funds named by nonprofit B Lab, based on an assessment of the impact of each company in a fund’s portfolio. More than 90 funds have now opted to have their portfolios independently measured and verified by B Lab’s GIIRS Impact Rating system, a rating system analogous to Morningstar.
Here are five others with distinct impact strategies that helped them stand out:
- Capitalizing sustainable Central American growth businesses
- Working capital for Mexican small and mid-sized businesses
- Expanding financial services in India
- Seeding early-stage social ventures in the U.S.
- De-commoditizing commodities
Read the full article by Dennis Price about impact investing on ImpactAlpha