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  • September 2018 (Revised June 2019)
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THE VELUX FOUNDATIONS: Selecting Impact Funds

By: Vikram Gandhi, Caitlin Reimers Brumme and Nathaniel Schwalb
  • Format:Print
  • | Language:English
  • | Pages:20
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Abstract

After much internal debate, THE VELUX FOUNDATIONS of Denmark have decided to allocate a small percentage of their investment portfolio to impact investments. Cambridge Associates, one of the leading investment advisory firms in the world, has been engaged to assist them in developing and implementing an “impact strategy.” VELUX only invests in funds (as opposed to direct investments) and must now decide on fund selection criteria and on specific fund investment options that have been presented to them.

Keywords

Impact Investing; Mission-Related Investing; Foundations; Investment; Venture Capital; Corporate Social Responsibility and Impact; Strategy; Investment Funds; Decision Making; Consulting Industry; Financial Services Industry; Denmark; Europe

Citation

Gandhi, Vikram, Caitlin Reimers Brumme, and Nathaniel Schwalb. "THE VELUX FOUNDATIONS: Selecting Impact Funds." Harvard Business School Case 819-021, September 2018. (Revised June 2019.)
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About The Author

Vikram Gandhi

Entrepreneurial Management
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Related Work

    • September 2018 (Revised June 2019)
    • Faculty Research

    THE VELUX FOUNDATIONS: Selecting Impact Funds

    By: Vikram Gandhi, Caitlin Reimers Brumme and Nathaniel Schwalb
    • June 2019
    • Faculty Research

    THE VELUX FOUNDATIONS: Selecting Impact Funds

    By: Vikram S Gandhi and Nathaniel Schwalb
Related Work
  • THE VELUX FOUNDATIONS: Selecting Impact Funds By: Vikram Gandhi, Caitlin Reimers Brumme and Nathaniel Schwalb
  • THE VELUX FOUNDATIONS: Selecting Impact Funds By: Vikram S Gandhi and Nathaniel Schwalb
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