Social Impact: Capitalism 2.0
Two of our Executive Directors, Michael Traill and Andrew Thorburn, caught up with The Weekly Source's Saturday editor Lauren Broomham to chat about Capitalism 2.0.
“We call it Capitalism 2.0, which is being more explicit around both the financial and social purpose disciplines. You can apply the logic and thinking, and if you can access the talent at board and management level, you can do that in other areas.”
They also touched on the aspirations for our first fund to invest in solutions to help tackle some of the key social issues faced by Australians subject to exclusion and disadvantage. The fund is targeting a $80 to $100 million first close and a second close mid-2022.
“We think between 40 and 60% will be real, property-backed assets, and the other 40
to 60%, depending on which way you look at it, will perhaps be more operating type businesses,” said Andrew.
See the full article attached or visit the Saturday website: https://www.theweeklysource.com.au/saturday/the-source-saturday/