Learning the ABC of social investing

Current venture partners include: • The Australian Indigenous Mentoring Experience (AIME): a non-profit charity that aims to increase year 10, year 12 and university rates for all indigenous Australian students who participate in the program; • Beacon Foundation: aims to influence the attitudes and culture of Australians so that each young person can develop an independent desire to achieve personal success for themselves and their community; • Big Picture Education Australia (BPEA): it aims to stimulate vital changes in Australian education by generating and sustaining innovative, personalised schools that work in partnership with their greater communities; • Fair Business: provides jobs with real pay for the long-term unemployed or those experiencing significant barriers to employment;

• Ganbina: aims to improve the economic and social well-being of indigenous people in the Goulburn Valley (and across Australia via Partnership with Indigenous communities) through programs and partnerships focused on developing individuals to reach their full potential; • STREAT: a social enterprise providing a supported pathway to employment for homeless and disadvantaged youth; and • Stronger Smarter Institute: focuses on changing the tide of low expectations for indigenous and disadvantaged children across Australia. The Social Finance team is supported by the Social Finance Advisory Council. The council of eight provides the Social Finance Team with contacts, ideas and guidance as to how they should develop initiatives, Learmonth says, and the team consists of industry leaders in the finance sector.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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