Picture by Jennifer Coffin-Grey.

The next frontier in social impact bonds is attracting larger volumes of commercial investment. For this to happen, bigger transactions serving more beneficiaries are needed, writes Zoheb Khan, social economy research manager at Intellidex. In addition, a blended capital stack, as employed in Bonds4Jobs – where philanthropists take losses first, and commercial investors are the first to be paid out – is a promising feature that lowers the risk profile for investors.

Read the full article on The Conversation.