{"id":581,"date":"2013-10-26T09:00:44","date_gmt":"2013-10-26T01:00:44","guid":{"rendered":"https:\/\/www.socimpactpartners.org\/?p=581"},"modified":"2017-05-17T13:41:33","modified_gmt":"2017-05-17T05:41:33","slug":"social-impact-partners-launch-16-million-hkd-social-investment-fund","status":"publish","type":"post","link":"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/","title":{"rendered":"Social Impact Partners launch 16 million HKD social investment fund"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>Social Impact Partners (Hong Kong\/ Lindy E. Lek, Executive Director, \u201cSIP\u201d) launched a venture philanthropy fund with capital of 16 million HKD (US$2 million) to provide human, financial and intellectual support to social purpose organisations. The fund is supported by donations from high net worth individuals and the foundations of private equity funds, including CVC Asia Pacific Limited and Baring Asia Private Equity.<\/p>\n<p>SIP is one of few venture philanthropy (VP) funds in Hong Kong aimed at supporting sustainable development of social purpose organizations (SPOs). SIP focuses primarily on next generation issues such as education, youth and employment.<\/p>\n<p>SIP\u2019s potential investees or grantees include both non-profit organisations and social enterprises, which will be selected based on the social impact created by their solutions, the growth potential as an organization and the leadership and capability of the management. SIP will provide funding as well as management advice by utilizing its expertise and network in the business sector to support the SPO\u2019s sustainable growth in mid-long term.<\/p>\n<p>SIP will provide financing in the average amount of 2.5 million HKD to SPOs over three to four years subject to performance milestones, and it will support and provide advice in strategic development, governance, internal control, marketing, public communication, as well as performance evaluation in the area of social impact. The support by the fund will continue for multiple years and SIP\u2019s partner organisations, provide pro-bono services in strategic consulting, legal, tax and auditing, human resource management, information technology and public communication, etc. Our partners include, Asian Charity Services, Bain Consulting, Brunswick, Clifford Chance, Egon Zehnder, iBase and PWC.<\/p>\n<p>SIP is a registered charity in Hong Kong (IR File No. 91\/13550).<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Social Impact Partners (Hong Kong\/ Lindy E. Lek, Executive Director, \u201cSIP\u201d) launched a venture philanthropy fund with capital of 16 million HKD (US$2 million) to provide human, financial and intellectual support to social purpose organisations. The fund is supported by donations from high net worth&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Social Impact Partners launch 16 million HKD social investment fund - Social Impact Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Impact Partners launch 16 million HKD social investment fund - Social Impact Partners\" \/>\n<meta property=\"og:description\" content=\"Social Impact Partners (Hong Kong\/ Lindy E. Lek, Executive Director, \u201cSIP\u201d) launched a venture philanthropy fund with capital of 16 million HKD (US$2 million) to provide human, financial and intellectual support to social purpose organisations. The fund is supported by donations from high net worth...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Social Impact Partners\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-26T01:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-05-17T05:41:33+00:00\" \/>\n<meta name=\"author\" content=\"mcadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mcadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/\",\"url\":\"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/\",\"name\":\"Social Impact Partners launch 16 million HKD social investment fund - Social Impact Partners\",\"isPartOf\":{\"@id\":\"https:\/\/www.socimpactpartners.org\/en\/#website\"},\"datePublished\":\"2013-10-26T01:00:44+00:00\",\"dateModified\":\"2017-05-17T05:41:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.socimpactpartners.org\/en\/#\/schema\/person\/2179c33c009dcb378c19a387c471b672\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.socimpactpartners.org\/en\/#website\",\"url\":\"https:\/\/www.socimpactpartners.org\/en\/\",\"name\":\"Social Impact Partners\",\"description\":\"A funding and strategic partner to social purpose organisations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.socimpactpartners.org\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.socimpactpartners.org\/en\/#\/schema\/person\/2179c33c009dcb378c19a387c471b672\",\"name\":\"mcadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.socimpactpartners.org\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3939dc4fd83f145aebb304ebf2594584?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3939dc4fd83f145aebb304ebf2594584?s=96&d=mm&r=g\",\"caption\":\"mcadmin\"},\"url\":\"https:\/\/www.socimpactpartners.org\/en\/author\/mcadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Social Impact Partners launch 16 million HKD social investment fund - Social Impact Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.socimpactpartners.org\/en\/social-impact-partners-launch-16-million-hkd-social-investment-fund\/","og_locale":"en_US","og_type":"article","og_title":"Social Impact Partners launch 16 million HKD social investment fund - Social Impact Partners","og_description":"Social Impact Partners (Hong Kong\/ Lindy E. 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