The Social Finance Spectrum:Investment vehicles and trends

A Conference organised by Supported by

Wednesday 15 October 2008 at 5.30pm Abbaye de Neumünster - Luxembourg

About Social Finance Social Finance encompasses both below-market and commercial-rate investments generating financial returns and measurable public benefits. It now spans all asset classes, from Fixed Income (such as microfinance) to Equity (e.g. responsible investments) and Private Equity (e.g. carbon finance), even stretching into Venture Philanthropy (through patient seed capital or soft loans for example).

Taking a private capital approach to sustainable development primarily benefits “social enterprises” which is a broad label for a diverse set of NGOs and SMEs. This can include wind farms, rural cooperatives, or clinics using the fees of their wealthier patients to subsidize services for the less fortunate. In the UK alone, the Office of the Third Sector estimates there are 55,000 social enterprises contributing GBP 8bn a year to GDP.

Social Finance is an incipient industry holding great promise. Yet sizeable obstacles remain that are constraining a systemic shift of capital markets in favor of social investing. These include a short track record for most available products, investor awareness of real risk-adjusted financial performance, industry-wide standardization regarding valid indicators of public-interest outcomes, the occasional subsidizing of returns, and legal social investment definitions that vary from one jurisdiction to the next.

Social Finance aims ultimately to complement public funding and charitable giving in the pursuit of scalable solutions to some of the more pressing challenges of our times.

Programme5.30pm - Welcome message

5.35pm - Mission possible:Emerging opportunities for mission-connected investment

David Carrington - independent consultant – United Kingdom David will present the results of a new survey by the New Economics Foundation (NEF), an independent ‘think-and-do tank’ that aims to improve quality of life by promoting innovative solutions that challenge mainstream thinking on economic, environment and social issues, and puts people and the planet first.

5.50pm - Going Beyond Microfinance: “Bottom of the Pyramid” MarketPatrik Huber – Member of the Management Board - responsAbility – Switzerland Patrik will explain the launch of responsAbility’s new “Bottom of the Pyramid” fund. The target portfolio is sustainable, high quality SMEs and MFIs. Investments will be made principally via local private equity funds.

6.05pm - The Promise of Carbon FinanceFrancisco Roque de Pinho - Founding Partner – Plane Tree Capital LLP – United Kingdom Francisco will describe how the EUR40m Carbon Assets Fund was invested in projects that generate renewable energy and carbon credits. He will also explain how Plane Tree is building on this experience to develop the EUR75m Carbon Assets Fund II, which will focus on Latin America.

6.20pm - The Need for a Social Finance Continuum

Tim Radjy – President and CEO – Alphamundi Group– Switzerland Tim will expose the principles of the Social AlphaMundi Investment Fund, (SAIF), a Luxembourg SICAV-SIF umbrella fund offering investors the possibility to freely combine various investment strategies across asset classes to contribute to sustainable development.

6.35pm - Converting Traditional Portfolios to Social FinanceGuillaume Taylor – Partner – de Pury Pictet Turrettini – Switzerland Guillaume is Board member of ECLOF International Board and co-founder of Sustainable Finance Geneva. He has chosen to gradually convert the portfolios he manages to incorporate social finance principles. He will discuss his experience and reasons behind his decision to move into social finance.

6.50pm - Conclusion

7.00pm - Cocktail

SpeakersDavid CarringtonAn independent consultant since 2001, David draws on 25 years experience of senior management positions in charities, the last 13 as Chief Executive, and Board member with over a dozen organisations, including a University, the Media Trust, Alliance Publishing Trust, the National Foundation for Youth Music and the New Opportunities Fund.

He is also a member of the Social Investment Task Force and the Commission on Unclaimed Assets and Chair of the editorial group of the Philanthropy UK e-newsletter.

www.davidcarrington.net

Patrik HuberresponsAbility is a Zurich-based company specialised in social investments in developing and transition countries.

The company currently has assets under management of more than USD 440 million in microfinance, fair trade, media development products and SME finance investing in over 200 institutions and 48 countries.

www.responsability.com

Francisco Roque de PinhoPlane Tree is a private equity firm headquartered in London, with presence in Mexico and Brazil. PTC is investment adviser to the Carbon Assets Fund, a pioneering carbon hedge fund that is fully invested in a global portfolio of emission reduction projects developed under the Kyoto Protocol’s Clean Development Mechanism..

www.planetreecapital.com

Tim Radjy The AlphaMundi Group Ltd was founded as a commercial venture with a social mission. It facilitates major, self- sustaining poverty reduction and environmental preservation in developing countries. Through financial products and strategic consulting, the Group and its stakeholders support a greater mobilization of private capital markets and an enhanced use of civil society resources to bolster sustainable development and responsible investment.

www.alphamundi.ch

Guillaume TaylorPury Pictet Turrettini & Co. s.a. (PPT) is a wealth management company, co-founder and shareholder in BlueOrchard Finance, one of the world’s leading asset management companies in the field of microfinance. PPT is also co-founder and shareholder of the investment company active in renewable energy, EIC Partners. The company manages the Guilé European Engagement Fund, the number one SRI engagement fund managed according to the UN Global Compact principles, and is also co-manager of the OFI Multiselect Europe SRI.

www.ppt.ch

As there are a limited number of seats available, attendance at The Social Finance Spectrum event is by invitation only.Please confirm your attendance before Wednesday 8 October 2008 by:

E-mail: philanthropie@bdl.lu; or Returning the enclosed reply card; or Tel: (+352) 26 20 26 60; or Fax: (+352) 49 924 5460

VenueCentre Culturel de Rencontre Abbaye de Neumünster28, rue MünsterL-2160 Luxembourg

The conference is being held during the “Microfinance côté face” exhibition

Organised by ADA and the ABBL in conjunction with Coopération luxembourgeoise, the “Microfinance côté face” exhibition runs from 12 September to 21 October 2008 at the Cloister of the Abbaye de Neumünster in Luxembourg.

To arrange a free guided tour Tel.: (+352) 45 68 68 1, E-mail: adainfo@microfinance.lu

The Social Finance Spectrum:Investment vehicles and trends

A Conference organised by Supported by

Wednesday 15 October 2008 at 5.30pm Abbaye de Neumünster - Luxembourg

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Please confirm your attendance before Wednesday 8 October 2008 by:

E-mail: philanthropie@bdl.lu; or

Returning this reply card Banque de Luxembourg - Centre de Services

55, rue des Scillas L-2529 Luxembourg Howald; or

Tel: (+352) 26 20 26 60; or

Fax: (+352) 49 924 5460

A Conference organised by Supported by