The Global Alliance of Impact Networks (GAIN) is a collaboration between EVPA, AVPN, Latimpacto, and AVPA, to accelerate capital for impact globally. – The announcement was made at the AVPN Global Conference in Kuala Lumpur, Malaysia, in front of nearly 1300 delegates.
July 12, 2023: The Global Alliance of Impact Networks (GAIN), a collaboration between the leading regional networks for social investment in Europe (EVPA), Asia (AVPN), Latin America (Latimpacto) and Africa (AVPA), was announced at the AVPN Global Conference in Kuala Lumpur, Malaysia on June 21, 2023. Unveiled by Naina Subberwal Batra, GAIN Board Chair and CEO of AVPN, the Global Alliance will focus on big bet initiatives that accelerate capital for impact globally.
Naina Subberwal Batra shared to an audience of nearly 1300 delegates, "I am pleased to announce that AVPN, together with three other networks that are looking at mobilising capital for impact across geographies as diverse as Asia, Europe, Africa, and Latin America have come together in a group called GAIN or Global Alliance of Impact Networks. We will be working together on a platform of solutions that can be tapped into by financial and investment advisors, and financial institutions, to build up a pipeline of investable opportunities."
As referenced in Subberwal Batra's remarks, the Global Alliance's first big bet initiative will be focused on a global platform to help the right money flow to the right opportunities across the continuum of capital (grants, debt and equity) to maximize social and environmental impact. Rooted in the insights, ecosystem building experience, and deep relationships of the regional networks, with 1100+ members across 70 countries, the platform will streamline impact intelligence, due diligence and impact reporting.
After 5 years at AVPN and nearly 2 years with the International Venture Philanthropy Center (IVPC), Allie Hollowell, will lead GAIN as Executive Director and will be building up a small global team in the coming year to work alongside the four regional networks on this collaborative effort.
"Too often," says Hollowell, "we hear ambitious pledges from funders followed by a struggle to identify quality pipeline that aligns with their impact goals and reaches organizations closest to the problems they hope to address. On the flip side, the number one complaint amongst impact enterprises around the world continues to be access to capital that meets their needs. We know the breadth and depth of our network is well positioned to be a conduit between local impact organizations with high integrity and funders from across the continuum of capital."
The four regional networks have long been cross-pollinating and collaborating, thanks to their common founder and seed funder, Doug Miller. Miller, a private equity veteran, often credited as the 'Godfather of Venture Philanthropy' began building the ecosystem for social investment nearly 20 years ago and has ensured the regional networks, despite their geographic and cultural diversity, have stayed connected through the years via IVPC. Miller's vision and catalytic funding paved the way for the Global Alliance to be formalized in 2023 and his recent increased support has provided seed capital for GAIN to become an innovation hub jointly powered by the 4 networks.
The Chief Executives of EVPA, AVPA and Latimpacto, Roberta Bosurgi, Frank Aswani and Carolina Suarez (respectively), join Subberwal Batra and impact veterans Paul Shoemaker, Pablo Gabriel and Leslie Johnston, incumbent IVPC board members, to round out the governance of the Global Alliance.
About the Global Alliance for Impact Networks (GAIN):
The Global Alliance of Impact Networks (GAIN) is a collaboration between the leading regional networks for social investment in Europe (EVPA), Asia (AVPN), Africa (AVPA), and Latin America (Latimpacto) to focus on big bet initiatives that accelerate capital for impact across the continuum of capital. Powered by the insights and deep relationships of the four networks through a community of 1100+ impact capital providers, GAIN aims to strengthen the social investment ecosystem around the world.
For further information, please contact:
Mia Floyd: mfloyd@gainalliance.org
Allie Hollowell: ahollowell@gainalliance.org
