Aeris helped the John S. and James L. Knight Foundation analyze the financial impact of the conversion of a $2.5 million program-related investment (PRI) in Detroit Development Fund into a grant. Katy Locker, program director, and Luz Gomez, former director of research, detail the analysis in an Opinion piece in the Detroit Free Press. Read the article.
By Whitney Curry Wimbish Impact investment researcher Aeris Insight is assessing socially responsible mutual funds for the first time and whether they live up to their environmental, governance or societal goals. The move highlights an area that independent directors have long struggled with when it comes to ESG funds, which go by many names, including [...]
By Carmen Germaine A firm that evaluates impact investments recently began grading mutual funds, beginning with a rating for Community Capital Management’s $2.1 billion CRA Qualified Investment Fund. The firm, Aeris Insight, assesses funds’ pursuit of impact goals and has provided its Impact Management Ratings to community development financial institutions and private funds since 2004. [...]
Ratings aim to hold large fund managers accountable for delivering on wide range of impacts By Oscar Perry Abello Impact investing’s march into the mainstream continues. This week, Community Capital Management’s CRA-Qualified Investment Fund became the first publicly-traded mutual fund to receive a third-party rating for impact management. Just as third-party ratings have become essential for [...]
by Oscar Perry Abello "The Chicago Community Loan Fund (CCLF) started out 25 years ago, with a $200,000 seed investment. Today, the community development financial institution’s assets are $67 million. Much of that expansion happened in the last decade, as CCLF quadrupled its assets and quadrupled its annual loan volume. Yes, since 2006, through the [...]
Aeris has issued its first-ever rating of a CDFI outside the U.S. Social Investment Scotland (SIS), a United Kingdom-based CDFI loan fund received a rating of AAA2, the highest impact rating (AAA) and second-highest financial strength and performance rating (2). Learn more about Aeris ratings. SIS said in a statement that it initiated the rating in [...]
If you’ve spent any time exploring local investing, you’ve probably encountered CDFIs. And it’s not unlikely that you were slightly confused about what, exactly, these organizations are. CDFIs can be befuddling to a new investor, in part due to the many shapes and sizes in which they come. So what kind of investment opportunities do [...]
"Even as impact investing gains credibility among both retail and institutional investors, measuring its actual impact is still kind of an unknown quantity. To rectify that, last month several major players in the space announced a plan to join forces in an effort to define and collect standardized data on the impacts of community loan [...]
Aeris' President & CEO Paige Chapel spoke to Upscale Magazine about CDFIs and community investing for a feature story about investing tips in the magazine's February 2015 edition. Pick up a copy at your local newsstand to read the full article.
"Paige Chapel is all about community investing. Her goal as the head of Aeris “is to help position CDFI loan funds over the next decade as part of a recognized investment class in mainstream financial markets." Read the full article and watch the video interview with Paige Chapel at yourmarkontheworld.com.