Beyond the Bottom Line:
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Caroline Allen
Principal Creation Investments David P. Hoffer Managing Director, Lyme Timber |
Art Stevens
General Manager, Microplace Andrew Bernard – Moderator Jack Byrne Professor of International Economics, Tuck School of Business at Dartmouth |
"This industry is still in its infant stage and there are so many different approaches and new questions." |
Session Chair: Rashmi Khare, T'14How did you get interested in Impact Investing and what is your involvement in the industry?
Muhamman Yunus’s “Creating a World Without Poverty” had a big impact on me. I spent 10 years in asset management and want to spend my summer internship exploring how capitalism and the financial markets can be used to drive social change. What motivated you to organize your specific session for the Business and Society Conference? This industry is still in its infant stage and there are so many different approaches and new questions. I wanted to organize this session to educate and excite the Tuck community with different viewpoints and business models. |
Session Panelists
Caroline Allen
Principal Creation Investments Caroline Allen joined Creation Investments, an emerging market private equity firm, in 2009 as the first full-time employee and brings substantial valuation and transaction expertise. She has completed due diligence for every Creation investment, including on-site visits, strategic reviews, portfolio audits, and valuation assessments. She is also involved in the on-going monitoring of the portfolio companies and investor reporting. Creation Investments now manages two private equity funds with over $100 in assets under management and active investments in India, Russia, Albania, Poland, and Mexico. She received her MBA from the Tuck School of Business at Dartmouth College and her BS with Distinction from the University of Virginia, where she majored in Business. |
David P. Hoffer
Managing Director, Lyme Timber David Hoffer joined Lyme in 2011 and manages conservation-oriented forestland acquisitions and dispositions. He also oversees the firm’s investment activities in wetland mitigation banking and serves as general counsel to the firm. Prior to joining Lyme, Mr. Hoffer spent ten years as a partner at one of the oldest middle-market investment banks in Boston, where he directed all aspects of deal execution, originated new business, and oversaw the finance, legal, and human resources functions for the firm. Since 1988, David has served on the board of the Ninevah Foundation, a land trust that has conserved thousands of acres of Vermont forestland using a variety of innovative financing tools. David earned an M.B.A. from the Harvard Business School and a J.D. cum laude from Harvard Law School in 1996, and an A.B. magna cum laude in 1991 from Harvard College. |
Art Stevens
General Manager, Microplace Mr. Stevens’s 20+ years in the investment business, including impact investments, make him a recognized and respected leader, with strong expertise in distribution, understanding the investor, and providing opportunity for poor people and underserved communities worldwide. Prior to MicroPlace, Mr. Stevens was VP of Marketing, Sales and Services for Calvert Foundation, a pioneer in impact investing and one of Microplace’s longest serving issuers. Prior to Calvert, Mr. Stevens spent over 10 years in marketing and sales for various firms including TCW Investment Management, Franklin Management, Morgan Stanley Smith Barney and Shearson Lehman. |
Andrew Bernard – Moderator
Jack Byrne Professor of International Economics, Tuck School of Business at Dartmouth Andrew Bernard is the Jack Byrne Professor of International Economics at the Tuck School of Business at Dartmouth. He has been on the faculty at Tuck since 1999. He received his Ph.D. from Stanford in economics in 1991 and was on the faculty at MIT and Yale prior to coming to Tuck. Professor Bernard is an expert in international trade and investment and specializes in firm responses to globalization. He sits on the Faculty Advisory Board of the Center for Financial Inclusion. |