Impact Investing

Breakfast hosted by Orrick, Herrington & Sutcliffe

51 West 52nd st., New York, NY, 10019 from 730am to 830am EST

“The Past, Present & Future of the

Impact Investing Industry”

By many measures, Impact Investing is the fastest growing asset class in Alternative Investments. Now with a market size of over $500 billion, Impact Investing is generating wide-spread interest across asset managers such as Pension Funds, Institutional Investors, Development Finance Institutions, Banks, and Family Foundations. In fact, nearly one-quarter of Pension Funds are now allocating capital to Impact Investing, with nearly two-thirds actively developing an Impact Investing strategy.

The Impact Investing Breakfast hosted by Orrick explores the evolution of skills needed to succeed across a variety of asset classes in the Impact Investing arena, with a specific focus on how each of our panelists conduct due diligence both from a financial and impact measurement perspective.

 
 
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Gil Crawford

Microvest Capital Management | Founder & CEO

Mr. Crawford is the Founder and Chief Executive Officer of MicroVest Capital Management.

He is responsible for leading the company’s investment operations and strategy since MicroVest’s founding in 2003. As MicroVest’s CEO, he led the launch of MicroVest I, LP, the first commercial private equity vehicle focused on microfinance in North America. Mr. Crawford has over 25 years of experience with microfinance institutions and capital markets across the globe.

Before founding MicroVest Capital Management, Mr. Crawford worked for the Latin American Financial Markets Division at the International Finance Corporation (IFC), and focused on investments in microfinance institutions. Prior to joining IFC, Mr. Crawford created and ran Seed Capital Development Fund, a US-based non‐profit firm, involved in creating financial instruments and attracting funds to capitalize microfinance institutions, primarily in Latin America, Asia and Africa. Prior to creating Seed Capital, Mr. Crawford was the Assistant Project Director for Africa Venture Capital Project, designed to create risk capital firms in Africa. He received his bank training at Chase Manhattan Bank after working in Africa for the Red Cross and State Department.

Mr. Crawford is a graduate of SAIS at Johns Hopkins University and Bates College.

 

 
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Eric Glass, CFA

Fixed Income Impact Strategies | Portfolio Manager

Mr. Glass serves as a Portfolio Manager and a member of the Municipal Impact Investment Policy Group for Alliance Bernstein. He is also a member of AB’s firmwide Responsible Investment Committee. After joining the firm in 2000, Glass served as a research analyst and trader on the Municipal team. Before joining AB, he was on the municipal research team at Moody’s Investors Service.

Prior to his career in capital markets, Glass spent several years working at and managing a transitional homeless shelter in Essex County, New Jersey.

Mr. Glass graduated with a Bachelor of Science in Business Administration from the University of Richmond and a Master of Arts in Public Administration from Columbia University.

Mr. Glass is a CFA charterholder.

 
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Chidozie Ugwumba, CFA, CAIA: ’15 (MBA)

Walton Enterprises | Co-Leader, Direct and Thematic Investing

Mr. Ugwumba is as an investment professional with over 10 years of global experience spanning private debt, private equity, real assets, impact investments, hedge funds, and publicly-traded equity and derivatives.

Currently, Mr. Ugwumba serves as the Co-Lead for Direct & Thematic Investments at Walton Enterprises, the family office that serves the descendants of Sam and Helen Walton. Prior to Walton Enterprises, Mr. Ugwumba was an Assistant Vice President at Partners Group, where he focused on private credit and impact investments. He previously worked on private equity and real assets at GCM Grosvenor, and on endowment and foundation investments at J.P. Morgan. Mr. Ugwumba is a co-founder of Hunting Hill Global Capital—an event-driven hedge fund—and started his investment career as an Analyst at Neuberger Berman.

Mr. Ugwumba earned his B.A. in Political Science from Amherst College, and an M.B.A. from Cornell University.

 
 
 

Maggie Sprenger

Green Cow Venture Capital | Co-Founder

Maggie Sprenger has an extensive track record of more than fifteen years in venture and real estate investment. As a co-founder of Cosgrove Capital, a real estate investment firm, Maggie delivered outsized returns for investors while also influencing positive community development. Maggie and her team increased tenancy and the financial returns of their multi-family real estate portfolio and instituted measures that improved health and safety, crime, and community involvement.

Concurrently, Maggie engaged in angel investing and managed SPVs. Leveraging her network, she capitalized on opportunities outside of the Bay Area to obtain more favorable valuations and lower operating costs. Highlights include PillPack (invested in 2015; acq. Amazon] and Facet Wealth [seed investor; recently closed a $33M Series A].

Maggie has a strong interest in emerging markets, and has participated in summits and seminars with focus on the Middle East, Africa, and South Asia. She has also been invited to speak on three different continents in the last year, including India where she presented on Startups and Innovation at CyFy 2018, a conference hosted by Observer Research Foundation (leading Indian think tank) and in Germany at ZEIT-Stiftung (think tank based in Hamburg) on AI, ML and Cyber Security.

Maggie graduated with an M.B.A. from Wharton with a double major in Finance and Management.

 
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Moderator: Perry Teicher

Orrick | Global Impact Finance & Investment group | Impact Finance Attorney

Perry Teicher, an attorney based in Orrick's New York office, serves on the leadership of Orrick's global Impact Finance & Investment group as the Impact Finance Attorney, advising impact-oriented clients globally.

Perry represents and advises entrepreneurs, fund sponsors, family offices, and tax exempt organizations across a wide range of transactions, including corporate legal matters, cross-border mergers and acquisitions, private fund formation matters and portfolio transactions, and private placements. Perry particularly advises clients that aim to integrate social, environmental, and financial outcomes. As Orrick's Impact Finance Attorney, Perry leads Orrick's Impact Finance & Investment practice, the first impact-oriented practice at a global law firm. Orrick's Impact Finance & Investment practices serves a global client base across a range of sector, leveraging Orrick's unique capabilities to provide innovative, effective, and thoughtful legal services to those clients aiming to create positive social and environmental change alongside targeted financial returns.

Perry served as a Peace Corps Volunteer in Kazakhstan, where he supported the development of businesses aiming to create mobility and opportunity for people with disabilities in the region. Perry is a Ariene de Rothschild Fellow and member of the ROI Community and Nexus. A native of the Detroit area and University of Michigan graduate, Perry remains committed to the Detroit area, supporting Detroit expat initiatives nationally.

 
 
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Moderator: Josh Tanenbaum: ‘20 (MBA)

Clearstone Enterprises | Founder

Josh is an MBA Candidate in the Class of 2020 at Cornell Johnson and the Founding Partner of Clearstone Enterprises, a FinTech, EdTech, and Mobility-focused venture platform dedicated to driving solutions toward reducing “access gaps” in terms of education, capital, and transport. Josh previously was a member of Korn Ferry's Global Asset Management & Alternatives Practice, where he participated in the founding of the Impact Investing practice. He also designed the practice’s M&A solution. Prior to joining Korn Ferry, he founded LOCAL VIBES, a tech-enhanced artist scouting, development, and cause marketing platform that supported quality emerging live bands. 

Josh has been a featured speaker at such forums as The White House, The University of Maryland Smith School of Business, The University of Michigan Ross School of Business, Nexus Global Youth Summit, the Council on Foreign Relations, as well as a judge for the President Clinton-backed Hult Prize. Josh is a member of the University of Michigan Ross School of Business’s Erb Institute External Advisory Board and the Steering Committee for the Nexus Global Summit’s Impact Investing Working Group. 

Josh graduated from the University of Melbourne, Australia where he earned a dual-Bachelor of Arts in Politics & International Studies and Sociology. He also studied Public Policy at University College London.