The convergence of philanthropy (not-for-profit) and social investment with a double bottom line (for profit with a non-profit soul) was the theme of the day's talks given notably by Jacqueline Novogratz (Acumen Fund), Percy Barnevik (Hand in Hand) and Sir Ronald Cohen (Bridges Venture). The event provided Luxembourg with the opportunity to position itself as the future hub of the impact financing industry.

A key event

Representatives from the world of private equity, venture capital and foundations from more than 35 countries crossed the threshold of the Luxembourg’s New Congress Centre on 16-17 November to participate in round tables and workshops organised by the EVPA. The challenges facing the impact financing sector were discussed during a round table based on conclusions of a survey commissioned by European Impact Financing Luxembourg  conducted by the Swiss company AlphaMundi.

Click here to read the special feature about the EVPA conference written by Alliance Magazine.

Luxembourg financial centre supports development of impact financing

During his keynote speech, Jean-Louis Schiltz, former Luxembourg minister of cooperation underlined the country’s achievements particularly in the field of microfinance. His remarks were echoed by Philippe Depoorter, Secretary General of Banque de Luxembourg during his speech on behalf of European Impact Financing Luxembourg. He focused on what the financial centre could bring to the development of impact financing and announced that a series of proposals had been made to the government designed to encourage this movement.

To find out more, click here to read extracts from Philippe Depoorter’s speech.