2011 Conference Agenda

monday, march 14

8:00 – 9:00 am breakfast / registration opens

9:00 – 10:30 am optional session: trustee training, part i

An Introduction to Impact Investing
• What is impact investing?
• Are there benefits to using market forces to address social inequities?
• How can market forces and social benefit go hand in hand? What are the risks,
perceived and real?
• What is the business case for impact investing?
• How do I get started?
lauryn agnew • President, Seal Cove Financial
christa velasquez • Director, Social Investments, Annie E. Casey Foundation
georgette wong (moderator) • President, Correlation Consulting

10:30 – 10:45 am break

10:45 – 12:15 pm optional session: trustee training, part ii

Bringing Key Decision-Makers on Board
bonny landers • Chief Executive, River Star Foundation (Hong Kong)
leisel pritzker • Vice President & Director of Program Development, IDP Foundation
tom reis • Director of Mission Driven Investments, W.K. Kellogg Foundation
georgette wong (moderator) • President, Correlation Consulting

Take Action! Impact Investing Conference Series Agenda 1

 12:30 – 1:30 pm conference begins: welcome & networking lunch
dorka keehn • Author, EcoAmazons
The Welcome Lunch will have open seating. Asset owner participants new to Take Action!
may request to be seated with someone who has attended prior Take Action! events.

1:30 – 1:45 pm opening remarks

georgette wong • CEO and Curator of Take Action! Impact Investing Series

1:45 – 2:05 pm Exciting News from the State Department

kris m. balderston • Managing Director, Global Partnership Initiative, Office of the
Secretary of State

2:05 – 2:35 pm plenary session

The State of Asia and the World—Where We Are and Where We Are Going
david o’rear • Chief Economist, Hong Kong General Chamber of Commerce

2:35 – 3:45 pm plenary session

Impact Investing: A View from Around the Globe
From nine dynamic presenters, you’ll hear a global snapshot of impact investment
activity. Our presenters—a combination of asset owners, asset managers and inter-
mediaries—will relate the business case for impact investing, financial returns, and
upcoming issues for impact and mainstream investors.
pasha bakhtiar • Managing Partner, WillowTree Impact Investors (Dubai, United
Arab Emirates)
chris chafe • President, CEDC Consulting Group (U.S.)
rodrigo villar esquivel • Director, New Ventures Mexico (Mexico & Latin America)
nicolas farah • Founding Managing Partner, WillowTree Impact Investors
bonny landers • Chief Executive, River Star Foundation (Hong Kong & China)
andy lower • Executive Director, The Eleos Foundation (Africa)
tom reis • Director of Mission Driven Investments, W.K. Kellogg Foundation (U.S. &
Southern Africa)
jerome tagger • COO, United Nations Principles for Responsible Investments
(UN PRI) (Europe & United Kingdom)
christa velasquez • Director, Social Investments, Annie E. Casey Foundation
(Global)
dorka keehn (moderator) • Author, EcoAmazons

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 3:45 – 4:15 pm break

4:15 – 5:15 pm plenary session

Show Me the Money! Where are the Financial Returns? What is the Role of Government
and Private Sector in Creating Impact Investments?
gloria nelund • CEO, TriLinc Global
jacqueline strasser • Deputy Chief of Staff and Senior Advisor to the President,
Overseas Private Investment Corporation (OPIC)
caprice young • CEO, Inner City Education Foundation Public Schools
janice hester-amey • Portfolio Manager, Corporate Governance, California State
Teachers’ Retirement System (CalSTRS)
georgette wong (moderator) • CEO and Curator of Take Action! Impact Investing
Series

5:15 – 6:00 pm opening reception

6:00 – 8:30 pm opening dinner

Seating by areas of interest

tuesday, march 15

8:00 – 9:00 am networking breakfast

9:00 – 9:10 am welcome

dorka keehn • Author, EcoAmazons

9:10 – 9:35 am Discerning Investments Through the Lens of Behavioral Finance

Dr. Hersh Shefrin, named by the American Economic Review (2003) as one of the
top fifteen economic theorists to have influenced empirical work, discusses how
to discern the truth behind marketing and our own biases in interpreting those
messages. For example, people automatically ascribe more weight to information
that confirms our own belief systems. What implications does that have for impact
investors? Professor Shefrin’s latest book Ending the Management Illusion identifies
the psychological factors underlying a wide range of issues such as the global financial
crisis, the cultural weaknesses that led to the oil spill in the Gulf of Mexico in 2010,
and how investors can make their best decisions.
hersh shefrin • Mario Belotti Chair in the Department of Finance, Santa Clara
University’s Leavey School of Business

9:35 – 9:45 am transition break

Take Action! Impact Investing Conference Series Agenda 3

 9:45 – 11:00 am Due Diligence: Separating Truth from Hype—Best Practices and Telltale Signs

breakout a: Community Economic Development

bob friedman • Founder, CEO & Chairman, CFED
nancy pfund • Managing Partner, DBL Investors
hillary hedges rayport • Managing Director, Social Finance Inc.
david erickson (moderator) • Center for Community Development Investments,
Federal Reserve Bank of San Francisco

breakout b: Healthcare
david green • Social Entrepreneur, Oxford Lotus Fund
russ hall • Managing Director, Legacy Venture
anne stetson • Senior Advisor, Springcreek Advisors, LLC
lisa richter (moderator) • Principal, GPS Capital Partners

breakout c: Conservation/Energy Efficiency

annie hazlehurst • Associate, Draper Fisher Jurvetson
milos ribic • Senior Associate, Expansion Capital Partners
paul straub • Director, Claremont Creek Ventures
lisa michelle galley (moderator) • CEO, Galley Eco Capital

11:00 – 11:30 am break

11:30 am – 12:45 pm Due Diligence: Separating Truth from Hype—Best Practices and Telltale Signs

breakout a: Microfinance
scott budde • Managing Director, Social & Community Investing Department,
TIAA-CREF
ron cordes • Co-Chairman, Genworth Financial Wealth Management
joan trant (moderator) • Executive Director, International Association of
Microfinance Investors (IAMFI)

breakout b: Food Systems

tina castro • Director of Mission Related Investments, The California Endowment
josé corona • Executive Director, Inner City Advisors
joseph mcintyre • President, Ag Innovations Network
ali long (moderator) • President, The Springcreek Foundation

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 breakout c: Project Finance & Infrastructure
raúl pomares • Managing Director, Springcreek Advisors LLC

12:45 – 2:30 pm lunch

The Time is Now! Partnering with Government for Impact
The future of impact investing will be driven, in part, by the layering of private and
philanthropic capital with public resources. To that end, impact investing is gaining
traction in Washington, as key government actors seek to partner with private
investors, institutions and foundations to achieve mutual domestic and international
policy objectives. This session convenes representatives of select government agencies
to present their impact investing initiatives and to engender collaborative dialogue
with the impact investing community.
lala faiz • Senior Partnerships Advisor, Global Partnership Initiative, Office of the
Secretary of State
sameera fazili • Office of Financial Institutions, U.S. Treasury Department
sean greene • Associate Administrator for Investment and Senior Adviser for
Innovation, U.S. Small Business Administration
fran seegull (moderator) • Senior Fellow, Society & Business Lab, USC Marshall
School of Business

2:30 – 2:45 pm break

2:45 – 4:00 pm Overview of the Manager Showcase & NEW Structuring Conversations
While Take Action! primarily focuses on investments that meet the criteria of large
institutional investors, we also will be looking for those investments which will be of
interest to families and foundations. Finally, we may also identify extremely promising
investments which may be earlier in their development.
georgette wong (moderator) • CEO and Curator of Take Action! Impact Investing
Series

Manager Showcase—Selected Managers

• Conservation Forestry
• New Forests
• Physic Ventures
• SJF Ventures

Take Action! Impact Investing Conference Series Agenda 5

 4:00 – 5:00 pm Fixed Income—A Structuring Conversation
While many asset owners have invested in fixed income impact investments, their
investment advisors want to see improvements. Join us for a provocative discussion
on the potential evolution of fixed income products.
christina alfandary • Senior Managing Director, Nikko Asset Management
Americas, Inc.
tom lockard • Managing Director, Stone & Youngberg LLC
craig muska • Investment Advisor, The Threshold Group
michelle rogers • EVP & Senior Portfolio Manager, Community Capital Management

5:00 – 6:00 pm investment expo open

Networking and cocktails

6:00 – 8:30 pm dinner

Bringing New Capital to Impact
Since our beginnings in 2007, Take Action! has posited that the involvement of
mainstream and institutional investors such as corporations and pension plans is
critical to solving some of the world’s largest challenges. We’ve invited seasoned
investors to give their personal perspectives on impact investing. They’ll discuss what
is appealing (or not)—and what can be improved upon to bring large capital to the table.
bob bozeman • General Partner, Eastlake Ventures
sherwood dodge • CEO, GE Equity
lisa blanco (moderator) • Founder, Investable Solutions LLC

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 wednesday, march 16

8:00 – 9:00 am breakfast / investment expo

Small groups by areas of interest

9:00 – 9:10 am welcome

dorka keehn • Author, EcoAmazons

9:10 – 10:10 am plenary session

Where is the Impact In Public Equities?
janice hester-amey • Portfolio Manager, Corporate Governance, California State Teachers’
Retirement System (CalSTRS)
matt patsky • CEO, Trillium Asset Management
matthew weatherly-white • Partner, The CAPROCK Group
katherine collins (moderator) • CEO, Honeybee Capital

10:10 – 11:10 am plenary session

Increasing Liquidity & Achieving Impact—A Structuring Conversation
Many investors shy away from impact investments because they believe the
investments are “too different” or the “risk/return” profile is unfavorable. What if we
created a structure that was more familiar to investors so they could immediately see
their downside risk was manageable? Would that result in more capital flowing into the
sector? How does one balance liquidity, security, yield and mission/impact?
gil crawford • CEO, Microvest
alex hartzler • CEO, Sarona Asset Management, Inc.
gloria nelund (moderator) • CEO, TriLinc Global

11:10 – 11:45 am investment expo / break

11:45 am – 12:30 pm working session / closing remarks

What Are Your Next Steps?

12:30 – 2:00 pm buffet lunch / networking

Take Action! Impact Investing Conference Series Agenda 7