B-School Bulletin: Impact Investing Comes Into Its Own

News from INSEAD

“In 2010, INSEAD’s Global Private Equity Initiative (GPEI) started to explore the nascent trend of responsible investing. In 2014, it published its first report on environmental, social, and governance (ESG) factors within the private equity (PE) context. Four years hence, the industry has evolved significantly.

“The increasing demand for public accountability and transparency around environmental and social issues has led limited partners (LPs) to push for increased ESG awareness. Many of the LP requirements are formalised in their internal guidelines and form part of their fiduciary duties. For United States public pension plans — the largest allocators to PE — and other government-affiliated LPs, direct oversight from government institutions and additional regulatory requirements lead to additional emphasis on ESG. As LP beneficiaries are often large groups of citizens, there is strong motivation for institutional investors to improve sustainable practices and increase accountability.”

Director Darren Henry, mentor and close friend of the late Dominic Vargas, watches the video the two recently filmed together, in which Vargus handed out $10 bills to students on campus

Late Student Called A Role Model For Krannert Students

News from Purdue University Krannert School of Management

“A Purdue senior’s death April 22 came as a surprise to those who knew him, according to one friend.

“The death of Dominic Vargas, a senior in the Krannert School of Management, has not yet been ruled as natural or accidental so far. Police have said they do not suspect homicide or suicide.

“Vargas’ death was shocking, according to his mentor and close friend Darren Henry, director of diversity initiatives at Krannert.”

Kelley, Music School Collaborate For Peace Conference

News from Indiana University Kelley School of Business

“IU’s Jacobs School of Music and the Kelley School of Business will present their second Music-Business-Peace Summit from 8 a.m. to 6 pm. May 11 at Jacobs School’s William and Gayle Cook Music Library room M285.

“The conference explores the way business and music can effect peaceful solutions to world problems. It will present talks by scholars from Jacobs, Kelley and the College of Arts and Sciences. Scholars and researchers from Boston University, University of Texas at Austin, the Toda Institute for Global Policy and other organizations will also present.

“The conference will be livestreamed on the conference’s website, musicbuisinesspeace.org, and will also be available on buisinessfightspoverty.org. It will remain available for online viewing until September 21.”

Chicago Booth Professor Wins Onassis Prize In Finance

News from University of Chicago Booth School of Business

Douglas Diamond

“University of Chicago Booth School of Business Professor Douglas W. Diamond, one of the world’s leading authorities on bank runs and liquidity crises, has been awarded the 2018 Onassis Prize in Finance.

“Awarded every three years, the Onassis Prize recognizes the world’s foremost academics in the fields of finance, international trade and shipping, to honor outstanding academic achievements that have had international significance. Named after Aristotle Onassis who excelled in these three disciplines, each prize is worth $200,000; they are sponsored by the Onassis Foundation and awarded jointly by Cass Business School London with the Onassis Foundation.”

Tsai Center, SOM Launch Women Entrepreneurs Initiative

News from Yale SOM

“Nearly 40 students, professors, entrepreneurs and professionals gathered to celebrate the launch of the Yale Women Entrepreneurs and Innovators initiative — WE@Yale — in the Beinecke Room at the Yale School of Management on Tuesday (April 17).

“WE@Yale, a cross-campus community for women and nonbinary femme innovators and entrepreneurs that provides skill-building opportunities and organizes storytelling workshops, aims to help 500 women launch new ventures and projects over the next five years. It was co-founded by Cassandra Walker-Harvey, the program director for social entrepreneurship at the Tsai Center for Innovative Thinking and the Yale Center for Business and the Environment, and Jennifer McFadden SOM ’08, associate director of the SOM’s Program on Entrepreneurship. The WE@Yale Summit at the SOM on Tuesday marked the official launch of the organization.”