Former U.S. Secretary of State John Kerry is now senior adviser at impact investing fund, The Rise Fund. His main task there will be to identify potential investments, but with a focus on developing its renewable energy portfolio.
In a Medium post, Kerry said private enterprises today have $50 trillion in investable capital, and are therefore a “crucial resource” in addressing many of the world’s development challenges.
“We hope that we can write a new playbook and demonstrate that impact investing can be scalable, profitable, and truly measurable. If we succeed, we can open the door for institutional investors to deploy capital toward investments that drive positive social and environmental change without compromising returns,” he wrote.