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AS/COA Women - Miami: A New Generation of Female Leaders

Published on Jan 2014 on YouTube by AS / COA

Leading in the fields of law, business, the arts, and media, young prominent women talked about cultivating relationships since early in one's career, finding mentors, balancing their personal lives and relationships with a 24-7 work schedule, and taking risks to move forward with entrepreneurship plans.

Jocelyn Cortez-Young, founding partner of Minerva Capital Group, talked about how women can learn about taking risks, and make sure these are aligned with their "passions." "I knew that taking the risk to start a fund was for me...but number two was how do I take what I have achieved and align it with a passion that I have in life?

"The fact that I took the risk is what allows me and makes me able to sit on the table and to do the terms and conditions of how I want to grow my business," explained Cortez-Young.

Speakers: - Alexandra Aguirre, Shareholder, Greenberg Traurig LLP - Jocelyn Cortez-Young, CEO & Founding Partner, Minerva Capital Group - Nina Johnson-Milewski, Owner & Director, GalleryDiet - Mariana Atencio, Co-Anchor for The Morning Show, Fusion (moderator)
 

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Featured on Social Enterprise Buzz: Talking Impact Investing @ LAB Miami

Photo left to right: Juan Pablo Cappello (moderator), Catherine H. Clark, Benoit Wirz, Jocelyn Cortez Young, Ignacio González Nappa at The LAB Miami on March 6, 2013

Photo left to right: Juan Pablo Cappello (moderator), Catherine H. Clark, Benoit Wirz, Jocelyn Cortez Young, Ignacio González Nappa at The LAB Miami on March 6, 2013

Miami – In January the Global Impact Investing Network (GIIN) released a study that predicts impact investing funds to grow from $8 billion dollars in 2012 to $9 billion in 2013.  This large percentage of growth from year to year means that impact investing is in an explosive state.

“What’s interesting is that we’re also in a territory where we don’t have reliable performance data to give investors confidence,” said Catherine H. Clark, Director of the Center for the Advancement of Social Entrepreneurship (CASE) i3 Initiative on Impact Investing and Associate Professor of the CASE at Duke University’s Fuqua School of Business.

“We’re in this Wild West period where a lot of people think this is important, huge amounts of government subsidy and leverage are being put in the field, and we have to see where it all shapes out,” Clark added.

Touted as the next big thing and given its challenges, how would impact investing avoid the fate of being the next big thing for the next 20 years, as was the case in Brazil?

Jocelyn Cortez Young, Managing Partner and CEO of the Minerva Capital Group, explains that the challenge of impact investing gaining momentum is the amount of money allocated to it.  “In Latin America, $7.9 billion was allocated to the private equity space last year alone, according to the Latin American Private Equity & Venture Capital Association.  But there was only $100 million that was allocated to the impact investing space, and that was allocated among five managers.”

With respect to the numbers released by the GIIN, Young believes impact investing is gaining momentum.  “But the question is how is that money being allocated?  That’s the problem,” Young said, adding that, “There is not enough information when it comes to risk metrics, which is the driver behind this.”

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Minerva featured on LAVCA website

Impact Investing’s Momentum Today: A Positive Inflection Point?

By Jocelyn Cortez-Young, CEO & Founding Partner, Minerva Capital Group

A growing class of investors is waking up to the fact that that positive investment returns and constructive social and financial impact can go hand-in-hand. This philosophy is the basis of impact investing.

Some private equity firms have taken this approach a step further by applying it within the rapidly growing and uniquely fertile environment of Latin America. One example is Vox Capital, Brazil’s first impact investing venture capital firm that focuses on high potential businesses that serve the Brazilian low-income population through products and services with the potential to improve their lives. It is focused on sectors that have a more direct impact on people, such as health, education and housing and in companies helping to solve main bottlenecks on serving the BOP: market intelligence, distribution and financial services. Vox invests with the clear to goal to help progress the living conditions of the low income population while delivering financial return to the investors1.

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