Could unclaimed assets be tapped for US impact investments?

Tracy Palandjian on using unclaimed assets to create a ‘social bank’

It’s proved successful in the United Kingdom, but could unclaimed assets in the United States also be used to make impact investments?

This was precisely a much-debated single-line addition to a recent report on impact investing recommendations, and one of the more interesting ones according to Tracy Palandjian, the CEO and co-founder of Social Finance US, who also chaired the U.S. National Advisory Board on impact investing.

Palandjian spoke to Devex at the launch of the report “Private Capital Public Good: How smart federal policy can galvanize impact investing — and why it’s urgent”, which outlines numerous suggestions on how the U.S. government can boost impact investing.

Click on the above clip to find out more about this interesting proposal and its roots in the U.K.

This story is part of a series on impact investing. For more, check out our Storify page on “Impact Investing 2.0: The evolving social finance landscape” and tweet @DevexImpact using #impinv.

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About the author

  • Adva Saldinger

    Adva Saldinger is an Associate Editor at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.