MacArthur, Packard Foundations Launch Impact Investing Collaborative

Read the full story from Philanthropy News Digest.

The John D. and Catherine T. MacArthur Foundation and David and Lucile Packard Foundation have announced the launch of a $90 million impact investing fund aimed at addressing global climate change through the conservation, restoration, and sustainable management of tropical forests.

The Terra Silva fund will mobilize private financing with a focus on three areas: accelerating reforestation, conservation, and afforestation efforts in tropical forest regions; creating more environmentally and socially sustainable forest management practices at scale; and improving the sustainability of emerging climate-smart forestry and agriculture practices. With the dual goals of expanding opportunities for commercial investments and building a market infrastructure for climate-smart forestry, the fund will provide flexible, risk-tolerant catalytic capital that can unlock additional investments that otherwise might not be feasible.

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