Impact Consulting
Community Equity Capital: The Opportunities and Challenges of Growth
InSight was commissioned by the Annie E. Casey Foundation in 2010 to research and analyze the recent performance of the community development venture capital (CDVC) sector. Our work, which continues in 2011, has resulted in the publication of a report on the challenges of private equity investing in underserved markets and makes recommendations to advance […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
CalPERS California Initiative 2009 – Creating Opportunities in California’s Underserved Markets
CalPERS and Hamilton Lane engaged Pacific Community Ventures (PCV), a leader in measuring and interpreting community outcomes of private equity investments, to collect, analyze and report on the California Initiative’s ancillary benefits. Beginning with Phase I in 2005, this marks the fifth year PCV has collected and analyzed data from California Initiative portfolio companies.
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
CalPERS CA Initiative 2008 – Creating Opportunities in California’s Underserved Markets
A first of its kind report highlighting the California Public Employees Retirement System’s $17 billion of investments in California. Chapter I of this report provides an examination of the broad ancillary benefits of all CalPERS investments in California, including public equities, private equity, real estate, infrastructure, and fixed income. Chapter II of the report provides […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
Creating Economic Opportunity in 2008 – PCV Social Return Summary
In 2008, PCV worked with 105 companies in California. Ten of these companies have received a financial capital investment. Nineteen of these companies are members of Business ADVANCE, PCV’s year-long program that delivers strategic advice and practical business education to entrepreneurs building businesses that contribute to the development of California’s economically underserved areas. The remaining […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
Social Return on Investment Executive Summary 2007
PCV focuses on increasing the number and quality of jobs provided to residents of California’s low- to moderate-income (LMI) communities. PCV measures progress against this goal by assessing the number and quality of jobs provided to hourly workers in its portfolio. Job quality is an indicator of the economic advancement opportunities PCV portfolio companies are […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
CalPERS CA Initiative – Impacting California’s Underserved Communities 2007
California Initiative portfolio companies operate facilities—and employ Californians—across the state. The tables below showcase the distribution of company headquarters, facilities and employees across California. The maps on pages 8 and 9 provide a pictorial representation of all of the locations where California Initiative companies conduct business—and where portfolio company employees live—in the state.
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
Social Return on Investment Executive Summary 2006
PCV seeks both financial and social returns on its investments. Ongoing measurement is critical to articulating the outcomes of PCV’s work. Since the spring of 2000, PCV has worked with BTW-informing change (BTW), an independent research and strategic consulting firm, to design and implement an approach for social return measurement and interpretation. Data for measuring […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
CalPERS CA Initiative – Impacting California’s Underserved Communities: Taking a Second Look
California Initiative companies represent the full spectrum of businesses in the California economy. These companies cover a wide array of industries, with a strong focus in consumer-related and service Service businesses, manufacturing and communications.
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
Three Steps to Establishing an Asset Class for Investing in Underserved Markets
Nearly 5 million Californians—over 13% of the state’s population—have incomes below the federal poverty level. In 2005, more than half the jobs in the California economy provided full-time, year-round wages that were insufficient to support an adequate standard of living. And, while the state’s unemployment rate is down, the jobs being created tend to pay […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
Expanding Social Return – Social Return on Investment Executive Summary
In 2005, the size of the PCV Portfolio more than doubled, increasing from 13 companies in 2004 to 30 companies in 2005. PCV welcomed 17 new companies into its Advised Portfolio and invested in one additional company in 2005.
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
CalPERS CA Initiative – Impacting California’s Underserved Communities: An Initial Assessment
Over the years, CalPERS has developed a number of unique investment strategies designed to target economically underserved segments of the State of California. In May 2001, the CalPERS Investment Committee established the California Initiative Program. Through the California Initiative, the CalPERS Investment Committee approved $475 million of commitments which were allocated to ten private equity […]
Jul 28, 2015 – Blog and News • Impact Consulting • Impact Investing •
2004 Social Return Assessment Executive Summary
Companies financed by PCV are committed to hiring individuals from LMI communities. Between April 2000 and December 2004, PCV financed portfolio companies employed a cumulative total of 1,173 designated employees. Throughout the course of 2004, 543 designated employees worked in the eight active PCV financed businesses in a range of skilled and semi-skilled positions. Designated […]