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Acknowledgments

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While impact investing demands a large body of financial knowledge, it would simply be traditional investing without the social impact analysis. I'm thankful that Ximena joined this project to provide her expertise in social impact and be the counterweight that allows this book to cover the full spectrum of challenges and solutions for impact investment.

Also, while I identify the inception of my work in impact investing many years ago through Relief International, it was my work with Bamboo Finance that accelerated my understanding of direct investments and industry-wide issues. I'm thankful for all of the collaboration, discussion, and engagement with Jean-Philippe de Schrevel, Christian Schattenmann, Eric Berkowitz, Keely Stevenson, Natalia Mouhape, Florian Ulmer, Ana Maria Aristizabal, Marlene Mueller, Elvira Espejo, Anu Valli, and Geetali Kumar.

Finally, it's been three years since I've worked with the team at John Wiley and Sons and I still can't thank them enough for the opportunity to publish on their platform and work with their talented staff. In particular, Bill Falloon has worked with me throughout the years and is a great sounding board for ideas and bringing a concept to reality. I'm also very thankful of the work Meg Freeborn, Helen Cho, Maria Sunny, and the rest of the Wiley team completed.

Keith A. Allman

New York 2014

Many people have contributed to the learnings and insights on impact management shared in this book. I am particularly grateful to the individuals whom this industry seeks to serve. In a quest to better understand their needs, we often intrude in their lives. They generously allow us in, even when our “studies” do not always result in gains for them. Thanks also to our investee companies who help us seek evidence of what products and distribution models deliver the expected impact.

Much of my learnings on impact investing come from over four years at Bamboo Finance, and I am most grateful to Jean Philippe de Schrevel, whose tenacious belief in the power of private capital to solve intractable social problems inspires many of us in this industry. I am also thankful to my colleagues at Bamboo Finance and in particular to Sarah Djari, Ana Maria Aristizabal, and Anu Valli for many hours of engaged discussions on identifying, measuring and expanding impact, and to Tracy Barba, for helping us articulate our achievements and challenges.

I have also benefited from the insights of industry-wide social performance and impact management initiatives, specifically the Global Impact Investing Rating System (GIIRs), the Social Performance Task Force (SPTF), and the European Venture Philanthropy Association (EVPA). Many thanks to Neha Kumar, Olivia Muiru, Flory Wilson, Emmanuelle Javoy, Kelly McCarthy, Laura Foose and Lisa Hehenberger. On a more personal note, I would like to thank my daughter Camille for ongoing stimulation.

My greatest gratitude is to Keith Allman for having invited me to contribute to this book.

Ximena Escobar de Nogales

Geneva 2014

Impact Investment

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