c
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Impact Investing to Change the Debate on Australia’s Use of Water


Wednesday, 4th November 2015 at 11:19 am
Lina Caneva, Editor
A new impact investment with The Nature Conservancy is set to provide exposure to Australia’s emerging water market while aiming to deliver significant environmental watering to some of Australia’s most precious wetlands.

Wednesday, 4th November 2015
at 11:19 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Impact Investing to Change the Debate on Australia’s Use of Water
Wednesday, 4th November 2015 at 11:19 am

A new impact investment with The Nature Conservancy is set to provide exposure to Australia’s emerging water market while aiming to deliver significant environmental watering to some of the country’s most precious wetlands.

Investment house, Evans and Partners have been appointed as Lead Manager of the The Murray-Darling Basin Balanced Water Fund, described by senior investment partner, Christopher Thorn, as a significant event in the development of the social finance and impact investment market in Australia.

“The initial launch of the Fund is targeted at a minimum of $25 million, including a $5 million seed investment from The Nature Conservancy Australia, and up to $5 million of debt,” Thorn said.

“So we are looking for $15 million in private equity.”

He said the fund is aimed at investors who are interested in investing in water, the environment and who are prepared to be leaders in what is a model for funding some of Australia’s most challenging social and environmental challenges of the future.

“This fund will provide the first opportunity in Australia for wholesale investors to achieve the multiple objectives of securing water for agriculture, realising a financial return and restoring threatened wetlands through a single investment,” he said.

“Financial returns will be generated through the annual lease of water entitlements, the trade of water allocations and through the long-term capital appreciation of the Fund’s portfolio of water entitlements.”

He said that in the past these objectives have been seen as opposing uses of water and the fund hopes align these interconnecting needs of the environment and agriculture.

“We want to change the debate about the use of water in Australia,” he said.

“Environmental and social returns will be achieved by returning water to wetlands on a ‘counter-cyclical’ basis; when water is scarce and demand is higher, more water will be made available to agriculture. Conversely when water is abundant and agricultural demand is lower, more water will be made available to wetlands.”

He said the environmental watering will be carried out by the Murray Darling Wetlands Working Group, which has more than 20 years’ experience delivering environmental watering programs in the Basin.

The Information Memorandum is available here and the offer is expected to close at the end of November.


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Yes we’re lawyers, but we do a lot more....

Moores

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Fantastic digital management app for organisations deliverin...

Ateesa

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Royal Commissions have “Fundamentally Changed” Many Charities and NFPs

Luke Michael

Friday, 23rd February 2018 at 5:13 pm

VET System Presenting More Barriers Than Supports for Young People

Wendy Williams

Friday, 23rd February 2018 at 3:00 pm

The Notifiable Data Breaches Scheme And NFPs: Learning From The Past

Contributor

Thursday, 22nd February 2018 at 4:36 pm

New Social Movement Incubator Looks to Support Advocacy in Australia

Luke Michael

Thursday, 22nd February 2018 at 4:06 pm

POPULAR

Luke Batty Foundation to Close as Rosie Batty Steps Down

Luke Michael

Monday, 19th February 2018 at 5:37 pm

Calls to Remove ‘Blanket Religious Exemptions’ for Faith-Based Charities

Luke Michael

Friday, 16th February 2018 at 2:35 pm

Sharp Decline in People Accessing Disability Support Pension

Luke Michael

Wednesday, 21st February 2018 at 4:59 pm

Employee-Led Mutual to Deliver NDIS Services in SA

Luke Michael

Monday, 19th February 2018 at 10:54 am

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


c
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!