This 4-in-1 compilation episode is about capital that doesn’t flow on its own. It has to be pushed into places with no pitch decks and no polished management teams. The places where spreadsheets say “too risky,” but the need is obvious to anyone paying attention.

This is capital for the common good, yes – but it’s also capital that works. These aren’t grants. These are investments with measurable returns and track records to prove it.

In this episode, we revisit conversations with four guests who've built the policies and portfolios to make this kind of capital move.

Jenn Pryce, President and CEO of Calvert Impact Capital

Jenn describes Calvert Impact Capital as a bridge between retail capital and the places banks won’t go – solar in Sub-Saharan Africa, affordable housing in the U.S., even sovereign bonds too small for Wall Street to care about. With over $2.5 billion raised, their flagship Community Investment Note is accessible for as little as $20.

For Jenn, community investing isn’t about beating the market – it’s about redefining it. “We’ve learned the risk isn’t where people think it is,” she says. By working through local intermediaries and building data-driven track records, Calvert helps prove what’s possible.

Full episode

Ben Rick, Co-Founder of Social and Sustainable Capital (SASC)

Ben left the City not because he couldn’t succeed there – but because he did. After years at Goldman, UBS, and Lehman, the returns stopped justifying the worldview. “Surely there’s something I can do that’s better than this,” he told himself.

That became Social and Sustainable Capital, a private credit fund lending to UK charities – no shareholders, no profit motive, but plenty of contracts to deliver critical services.

SASC backs groups supporting domestic abuse survivors, people with disabilities, and youth exiting care – organizations with steady revenue but little access to traditional finance.

Full episode

Stephen Muers, Chief Executive Officer of Better Society Capital (BSC)

Stephen Muers came to Better Society Capital after a high-level government career – and brought with him a systems brain. At BSC, the mission isn’t just to make good investments. It’s to make social investment possible at scale.

BSC operates at the wholesale level, backing funds that then invest in frontline charities, social enterprises, and mission-driven lenders.

BSC is also focused on market transformation. In 10 years, they’ve helped grow the UK social investment market 12-fold. And yet, it still isn’t enough.

Full episode

Stewart Langdon, Partner and Co-Head of South Asian Investments at LeapFrog Investments

Stewart joined LeapFrog early, back when the firm was still raising its first fund. He came in to help move serious capital into places most investors overlook – India, Sub-Saharan Africa, Southeast Asia – and do it in a way that actually reaches people.

LeapFrog started with insurance. Not because it was easy, but because it mattered. Health shocks, accidents, lost assets – these were the things pulling families back into poverty. Then came credit. Then healthcare. Same model each time: back companies already trusted in their communities, and help them grow.

Full episode

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