{"id":4535,"date":"2020-05-22T05:53:23","date_gmt":"2020-05-22T05:53:23","guid":{"rendered":"https:\/\/charityguidepoint.sg\/?p=4535"},"modified":"2023-05-22T10:56:07","modified_gmt":"2023-05-22T10:56:07","slug":"impact-investments-by-foundations-in-singapore-and-hong-kong","status":"publish","type":"post","link":"https:\/\/charityguidepoint.sg\/cn\/impact-investments-by-foundations-in-singapore-and-hong-kong\/","title":{"rendered":"Impact Investments by Foundations in Singapore and Hong Kong"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"4535\" class=\"elementor elementor-4535\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-94b655b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"94b655b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c54ca47\" data-id=\"c54ca47\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d6f36e0 elementor-widget elementor-widget-text-editor\" data-id=\"d6f36e0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>January 2018<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81b1300 elementor-widget elementor-widget-text-editor\" data-id=\"81b1300\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div>\n<div title=\"Page 18\">\n<div>\n<div>\n<div>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">The study reviews the current state of impact investments in Singapore and Hong Kong, particularly those that have engaged with foundations. It further looks at the trends and challenges of the impact investment sector before presenting a list of recommendations. <\/span><\/p>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">Impact investment assets globally represent a mere 0.2 percent of global wealth as reported by the Global Impact Investing Network. By increasing this share to just two percent, the potential of impact investments can reach over US$2 trillion (UNDP, 2016). Impact investments can play a significant role in sustainable development in the Asia Pacific region, potentially providing socio- economic progress for the billions of people living in the region. Foundations in the region can potentially play a significant role given the billions of assets they can deploy. <\/span><\/p>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">In Singapore and Hong Kong, the following trends have been observed in the impact investment sector:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Heightened interest in impact investing with the presence of more impact investment managers and intermediaries. There is also a spike in participation in impact investing events in the region.<\/span><\/li>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Impact investments are made predominantly by HNWIs and family offices rather than foundations.<\/span><\/li>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Interest is driven by millennials, personal values and passions.<\/span><\/li>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Investments made by impact investors in Singapore tend to be regionally focused while those in Hong Kong tend to be locally and Greater China focused.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">There are two main problems facing the impact investment sector in Hong Kong and Singapore, namely early stage development of impact investment sector and market dysfunction. Under the first problem, challenges include:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Limited evidence of success in impact investment in the local context as most documented case studies of successful impact investments tend to originate from the US and Europe where impact investments have taken root for a much longer time. Even then, the case studies are few compared to the evidence of success that exists for traditional investments.<\/span><\/li>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Lack of local knowledge and network among impact investment managers in Singapore and Hong Kong as many of the scalable social enterprises in Asia are situated in countries such as Indonesia, Vietnam and China.<\/span><\/li>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Lack of impact investment managers with long enough track records.<\/span><\/li>\n<li><span style=\"font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5); font-size: 10pt;\">Long commitment period of impact investment means that patient capital instead of traditional&nbsp;<\/span><span style=\"font-style: inherit; font-weight: inherit; font-family: OpenSans; font-size: 10pt; background-color: var(--ast-global-color-5);\">capital is needed.<\/span><\/li>\n<li><span style=\"background-color: var(--ast-global-color-5); font-family: OpenSans; font-size: 10pt; font-style: inherit; font-weight: inherit;\">Limited Information and lack of transparency.&nbsp;<\/span><\/li>\n<\/ul>\n<div title=\"Page 19\">\n<div>\n<div>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">Under market dysfunction, challenges include:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Inadequate supply and pipeline of investment grade social enterprises as most of the social enterprises in the region are in the seed and early stages which tend to be non-financing-ready. These are less attractive to the funders.<\/span><\/li>\n<li><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Mismatch of impact investment instruments.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">Foundations in Singapore and Hong Kong, with billions of assets at their disposal, have the potential to facilitate and catalyse the impact investment sector through their activities. Currently they are already experimenting with impact investing through the provision of grants to social enterprises. However interests are coming disproportionally from millennials who may not be the trustees of the foundations and are making impact investments in their personal capacity.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-style: inherit; font-weight: inherit; font-family: OpenSans; background-color: var(--ast-global-color-5);\">The key challenges for foundations in Singapore and Hong Kong to engage in local impact investments include:<\/span><\/p>\n<ul>\n<li><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); font-size: 10pt; font-family: OpenSans;\">Relatively small number of foundations with endowments<\/span><\/li>\n<li><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); font-size: 10pt; font-family: OpenSans;\">Foundations still commit to traditional philanthropy<\/span><\/li>\n<li><span style=\"font-family: OpenSans; font-size: 10pt; font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5);\">Lack of capabilities to engage in impact investing<\/span><\/li>\n<li><span style=\"font-family: OpenSans; font-size: 10pt; font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5);\">Lack of success stories in local context<\/span><\/li>\n<li><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); font-size: 10pt; font-family: OpenSans;\">Restrained by established operating principles<\/span><\/li>\n<li><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); font-size: 10pt; font-family: OpenSans;\">Regulatory concern<\/span><\/li><\/ul><div><div title=\"Page 20\"><div><div>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">Recommendations <\/span><\/p>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">Based on our initial findings, we recommend the following action plan in Singapore and Hong Kong to catalyse the impact investment sector for take off. <\/span><\/p>\n<ol style=\"list-style-type: none;\">\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">a) &nbsp;Foundationscanactasventurephilanthropiststocatalyseecosysteminfillinggapsincapitalspec- trum to providing patient capital for early stage social enterprises <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">b) &nbsp;Provide longer tenor instruments to build more sustainable social enterprises <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">c) &nbsp;Improve the capacity building of social enterprises by providing tailored training instead of generic training <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">d) &nbsp;Develop focused and practical curriculum for impact investors such as deeper country and sector focused content and more practical know-how to provide guidance on transaction execution, mon- itoring and management beyond the basics that current workshops are covering <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">e) &nbsp;Champion collective impact investments or platforms to alleviate the information asymmetry and lack of experience that have been observed in deal sourcing, due diligence and deal execution for impact investments <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">f) &nbsp;Share information and seek partnerships to unlock greater resources to scale up social solutions <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">g) &nbsp;AdvocateandsharingofsuccessfulAsiancasestudiestodriveconfidenceforimpactinvestmentto go mainstream <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">h) &nbsp;Leadership by big players such as government institutions or big foundations to drive dialogue and interest as a way to demonstrate commitment to and leadership in impact investment.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-size: 10.000000pt; font-family: 'OpenSans';\">&nbsp;<\/span><\/p>\n<\/li>\n<li>\n<div class=\"elementor-element elementor-element-bd508a0 elementor-widget elementor-widget-text-editor\" style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: 400; width: 963.906px;\" data-id=\"bd508a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\" style=\"margin: 0px 0px -24px;\">\n<p style=\"font-size: 15px;\"><span style=\"font-weight: bold;\">The complimentary version of the report can be accessed by submitting the form below.<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-e0c4e96 elementor-button-align-stretch elementor-widget elementor-widget-form\" 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elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tName\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Name\" required=\"required\" aria-required=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tEmail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Email\" required=\"required\" aria-required=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-message\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tOrganisation\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-sm\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\" placeholder=\"Organisation Name\" required=\"required\" aria-required=\"true\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button type=\"submit\" class=\"elementor-button elementor-size-sm\">\n\t\t\t\t\t\t<span >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Send<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<input type=\"hidden\" name=\"trp-form-language\" value=\"cn\"\/><\/form>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-6ad6aa0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ad6aa0\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e4a9e69\" data-id=\"e4a9e69\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39bd147 elementor-widget elementor-widget-text-editor\" data-id=\"39bd147\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em style=\"background-color: var(--ast-global-color-5); font-size: 1rem; color: #25283a;\"><span style=\"margin: 0px; padding: 0px; border: none; outline: none; line-height: inherit; color: #151be0;\">The full list of the 101 foundations \u2013 including information such as their latest annual expenditure, grants disbursed, causes supported, website and email address \u2013 is available for purchase at $70. To purchase the full version, please&nbsp;<a href=\"https:\/\/charityguidepoint.sg\/cn\/product\/philanthropy-list-2022\/\">click here<\/a>. For charities, there is a 15% discount. Please email us at connect@soristic.asia for the discount code.&nbsp;<\/span><\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>January 2018 The study reviews the current state of impact investments in Singapore and Hong Kong, particularly those that have engaged with foundations. It further looks at the trends and challenges of the impact investment sector before presenting a list of recommendations. Impact investment assets globally represent a mere 0.2 percent of global wealth as &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/charityguidepoint.sg\/cn\/impact-investments-by-foundations-in-singapore-and-hong-kong\/\"> <span class=\"screen-reader-text\">Impact Investments by Foundations in Singapore and Hong Kong<\/span> \u67e5\u770b\u5168\u6587 &raquo;<\/a><\/p>","protected":false},"author":8,"featured_media":4524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"content-boxed-container","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[28,30],"tags":[],"class_list":["post-4535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-publication"],"_links":{"self":[{"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/posts\/4535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/comments?post=4535"}],"version-history":[{"count":26,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/posts\/4535\/revisions"}],"predecessor-version":[{"id":4575,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/posts\/4535\/revisions\/4575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/media\/4524"}],"wp:attachment":[{"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/media?parent=4535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/categories?post=4535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charityguidepoint.sg\/cn\/wp-json\/wp\/v2\/tags?post=4535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}