Endeavor Targets Global Entrepreneurs with New Impact Fund
Endeavor Global Board Members Elliot Weissbluth, CEO HighTower, and Matt Brown, Co-Founder and CEO CAIS, unveiled their support of a new philanthropic fund launched by Endeavor, a leading non-profit organization in the high-impact entrepreneurship movement.
Weissbluth and Brown, along with fellow Endeavor Global Board member Joanna Rees, introduced the new impact-investing fund to the advisor community at HighTower Apex 2014.
The Catalyst fund was formed by Endeavor with the purpose of co-investing in selected entrepreneurs alongside private lead investors. The fund seeks to deliver a competitive return on investment without traditional management fees and expenses, while providing Endeavor with the necessary resources to support its global work.
Endeavor Board Chairman Edgar Bronfman Jr. said, “Endeavor Catalyst puts the ideals of transformation and innovation into action, disrupting philanthropy as we know it.”
The fund, which was first open to private investors in 2013, is now also available to the investment advisor community on the CAIS platform.
“As the use of impact investing increases in the wealth management industry, Endeavor Catalyst offers advisors an opportunity to do well while doing good,” said Matt Brown.
Mr. Weissbluth said, “Catalyst is a rare financial vehicle that sponsors a charitable mission with tremendous potential for economic impact.”
“Catalyst represents an opportunity for investors who want to support big ideas and big dreams that can truly change the world,” said Linda Rottenberg, Endeavor Co-Founder & CEO. “Endeavor has been called the best anti-poverty program in the world, and our results will only amplify through the support of the Catalyst fund.”
Endeavor is a global leader in the high-impact entrepreneurship movement, driving economic development by funding, mentoring and supporting a rigorously selected group of entrepreneurs with the potential to create hundreds to thousands of jobs in their local economies.
Endeavor Board members are uncompensated directors who contribute their time and respective intellectual capital and resources to support this innovative approach towards high-impact entrepreneurship and impact investing.
CAIS is the pioneer in democratizing access to and education about alternative investments for independent financial advisors, empowering them to engage and transact with leading asset managers on a massive scale. CAIS delivers industry-leading technology, operational efficiency, and world-class client service throughout the pre-trade, trade, and post-trade experience.
CAIS provides advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private debt, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and withstand ever-changing markets. CAIS also helps advisors create custom fund vehicles around ideas they source.
As an extension of the platform, CAIS delivers an on-demand, online learning experience, CAIS IQ, which is designed exclusively to help advisors deepen their knowledge and increase their confidence in alternative investment strategies.
Most funds listed on the CAIS alternative investments marketplace undergo Mercer's independent due diligence and ongoing monitoring. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with the leading US custodians and reporting providers, which makes investing in alternatives simpler.
Founded in 2009, CAIS, a fintech leader, supports over 32,000 advisors who oversee more than $4 trillion in network assets. Since its inception, CAIS has facilitated over $30 billion in transaction volume. CAIS has offices in New York, Los Angeles, Austin, and London. For more information about CAIS, please visit www.caisgroup.com.
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