{"id":390324,"date":"2019-11-07T10:10:03","date_gmt":"2019-11-07T15:10:03","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=390324"},"modified":"2019-11-07T10:36:09","modified_gmt":"2019-11-07T15:36:09","slug":"impact-investing-pioneers-partner-up","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/impact-investing-pioneers-partner-up\/","title":{"rendered":"Impact investing pioneers partner up"},"content":{"rendered":"<p>Toronto-based Vancity\u202fCommunity Investment Bank (VCIB),\u00a0 a subsidiary of Vancouver City Savings Credit Union, will bolster the bank&#8217;s impact investing capabilities by buying Montreal-based green investment platform CoPower\u202fInc., VCIB announced Thursday.<\/p>\n<p>The transaction brings together a bank devoted to financing affordable housing with a platform that finances environmentally friendly projects through green bonds that are available to retail investors. Financial terms of the deal were not disclosed.<\/p>\n<p>VCIB says that the deal will enable it to expand its loan offerings to include clean energy and green building initiatives. At the same time, CoPower&#8217;s\u202ffocus on creating impact investment products for retail investors will enable new funding sources for the bank.<\/p>\n<p>&#8220;Our mission has always been to move money for the clean energy transition. As a subsidiary of VCIB, we&#8217;ll be able to better serve the needs of clean energy developers while delivering a powerful range of investment products for\u202finvestors looking to earn a strong return, and supporting projects that are green, inclusive and affordable,&#8221; said David Berliner, founder of\u202fCoPower, in a statement.<\/p>\n<p>The deal, which has been approved by the\u202fAutorit\u00e9\u202fdes marches financiers (AMF) and the federal Minister of Finance, is expected to close later this month.<\/p>\n<p>&#8220;Climate change and housing affordability are two of the most critical challenges facing our communities, and we believe the financial industry can and should play a key role in enabling and shaping ambitious solutions,&#8221; said Jay-Ann Gilfoy, CEO of\u202fVCIB, in a statement.<\/p>\n<p>&#8220;VCIB and\u202fCoPower\u202fhave been leading the way; together we\u202fwill\u202fmake a powerful combination, giving Canadians more opportunities to bank on change,&#8221; she added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancity\u202fCommunity Investment Bank to acquire CoPower investment platform<\/p>\n","protected":false},"author":147314,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2318,2312],"tags":[2533,2347],"yst_prominent_words":[6671,51749,51748,44622,37192,31336,22850,14402,12030,11963,11801,11600,9297,14,6000,5153,5079,4996,2235,2177],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/390324"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/147314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=390324"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/390324\/revisions"}],"predecessor-version":[{"id":390334,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/390324\/revisions\/390334"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=390324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=390324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=390324"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=390324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}