Social Impact Bonds and Pay-for-Success projects are gaining recognition around the world for tackling complex social challenges such as poverty, crime, education, health, and workforce success. Rooted in innovative public-private-nonprofit partnerships, these transactions leverage philanthropic and investment capital to measurably improve the lives of vulnerable populations, and reflect a deep commitment to driving social progress through market-based approaches. As Asia readies itself to adopt this model, AVPN has brought in two experts from the US and Australia to discuss their experience in structuring and executing social innovation financing instruments in their respective countries. Join our webinars in order to find out more and participate in the interactive Q&A session if you have direct questions for the speakers.
26th March 2014, 4pm Singapore time
In the follow-up session, Ian Learmonth, Executive Director of Impact Investing at Social Ventures Australia, will share with us on his experience in launching the first ever “Social Benefits Bonds” in Australia. As the latter adopter in the game, Ian will also explain if he had learnt any lessons from the experiences in the UK and US, and the process of implementing this in Australia. He will use the SBB with UnitingCare as a case study to go more in-depth into the “hows” of structuring the bond, and will answer your queries on the obstacles and problems in bringing the project to fruition.
Ian joined Social Ventures Australia (SVA) in 2011 and led the establishment of SVA’s Social Impact Fund which has over $8.8m to be invested in Australian social enterprises. Ian is also leading SVA’s work on the NSW Social Benefit Bonds in the areas of recidivism and out of home care. SVA launched Australia’s first SBB last year with UnitingCare.
Formerly an Executive Director of Macquarie Group for over 12 years, Ian has over 20 years of investment banking experience in Sydney, Hong Kong and London establishing and leading numerous businesses including direct investment (most recently in carbon credits and renewable energy assets including windfarms and solar projects as well as providing corporate advice to the Australian infrastructure sector.
Ian has degrees in Law and Commerce and is a director of Sydney’s Belvoir Theatre, South Australian windfarm company Waterloo Wind and e-waste recycler PGM Refiners.
About Social Ventures Australia
Social Ventures Australia works with innovative partners to invest in social change.
We help to create better education and employment outcomes for disadvantaged Australians by bringing the best of business to the social sector, and by working with partners to strategically invest capital and expertise. SVA Consulting shares evidence and knowledge to build social sector capacity, while SVA Impact Investing introduces new capital and innovative financial models to help solve entrenched problems.
What we do
We are a non-profit organisation established in 2002 by The Benevolent Society, The Smith Family, WorkVentures and AMP Foundation.
In our first 10 years:
- We generated $45 million of investment from philanthropists, trust and foundations and government into the social sector,
- We worked with 88 social ventures like Beacon Foundation, Ganbina and AIME, and distributed more than $20 million to support their work,
- We delivered $4 million of support through government and cross-sectorally funded social enterprise programs in ACT, NSW and QLD,
- We leveraged $4.6 million of private investment to match government funding into the SVA Social Impact Fund to support innovative social enterprises,
- We helped to broker $165 million of investment into early childhood learning to fund the non-profit consortium buyout of ABC Learning Centres to create GoodStart, providing 15% of Australia’s early childhood places,
- We are advising UnitingCare Burnside on Australia’s first Social Benefit Bond, with the NSW Government,
- We are the lead partner of a consortium providing advice and support to the WA Government to deliver the $10 million Social Enterprise Fund, and
- We delivered over 350 consulting engagements for over 160 clients to strengthen the non-profit sector.
Please click on this link to register for the webinar.