NURP

5018

Capital Markets and Investing for Impact

Schools of Public Engagement: Milano General Curriculum

Non-Liberal Arts

Undergraduate Course

Graduate Course

Degree Students (with Restrictions)

Capital Mkts/Impact Investing

Fall 2020

Taught By: Charles Allison

Section: A

CRN: 5391

Credits: 3

This is an investing/finance course. The course provides an overview of the Private Capital and Impact Investment markets including 1) the development of the social venture capital industry 2) an overview of the private equity industry as it relates to ESG, environmental, social and governance, factors and 3) the development of impact investment and how the private capital model is used for positive environmental and social impact. The course is taught from the perspective of using selected financial criteria institutional investors, pension funds, endowments and foundations and family offices would utilize in their day-to-day operations, with an emphasis on factors used to make investment decisions and the role of Private Capital investments in their respective Impact Investment portfolio. There are also non-financial criteria, for example, climate risk, environmental sustainability, minority representation on boards, gender equality, poverty reduction, and even the potential to create social good, that will also be examined. This course is geared toward students interested in working in the investment industry - whether directly, as an asset manager/investor, consultant/advisor or private individual, or indirectly as an entrepreneur or a recipient of impact investment capital. The class makes extensive use of cases and class participation is an integral part of the course – it is not lecture based, so the expectation is that students prepare ahead of time and come to class prepared to discuss the different topics. Cases will require rigorous financial and investment analysis, building on and extending skills acquired in previous coursework, by real-world experience, and mostly by being willing to step outside of one’s comfort zone and tackle completely new subject matter. To be clear, most students taking CMI4I have no prior background, so the initial learning curve is quite steep – hopefully, the result is worth it. The outcome is that ESG and activist investment is a substantial new aspect of global investing. Recommended Pre-course Preparation: While not required, if you want to maximize your learning experience in CMI4I Online, then it is strongly recommended that you do two pre-work short online courses as background, before the class starts. If you already have some subject matter expertise, then you probably don’t need these courses. The suggested courses are available free of charge through The New School Library: (1) Financial Accounting Foundations and (2) Finance for Non-Financial Managers. If you have taken Elements of Finance (NURP 5003), you are adequately prepared. If you would like a head-start on the CMI4I coursework, you can spend a couple of hours on the following: https://bit.ly/2vVaf2A. These courses are part of a free database called LinkedIn Learning: http://guides.library.newschool.edu/c.php?g=274519. If you have questions about another course you would like to take before starting CMI4I, then please feel free to connect with Professor Allison and ask his opinion on whether the selected course is an appropriate choice -- allisonc@newschool.edu.

This course counts as an elective course for the Graduate Minor in Impact Entrepreneurship.
To learn more about this course, please view the course trailer: https://vimeo.com/377841687.

College: Schools of Public Engagement (NS)

Department: Milano General Curriculum (NMIL)

Campus: Online (DL)

Sync Type: N/A

Course Format: Seminar (R)

Max Enrollment: 20

Add/Drop Deadline: September 14, 2020 (Monday)

Online Withdrawal Deadline: November 22, 2020 (Sunday)

Seats Available: Yes

Status: Open*

*Status information is updated every five minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 2:32am 8/8/2020 EDT

Meeting Info:

Days: Wednesday

Times: 4:00pm - 5:50pm

Building: Online Course

Date Range: 9/2/2020 - 12/16/2020