Credit Suisse Partners with The Conduit Connect on Impact Investing Platform
Credit Suisse announced today that it has formed a new partnership with The Conduit Connect, collaborating with Linklaters and Deloitte, on an investment platform aiming to match impact investors with impact deal flow.
The Conduit, a London-based club focused on driving positive social change, matches early-stage investment opportunities with potential investors, mentors and board members. The Conduit Connect platform sources promising impact-based companies that currently originate within the club’s wider community. According to the partners, the new collaboration will expand the network of individuals wishing to connect for investment opportunities with impact companies seeking funding.
Marisa Drew, Credit Suisse’s Chief Sustainability Officer and Global Head of Sustainability Strategy, Advisory and Finance (SSAF) at the bank said:
“We are delighted to be supporting such a ‘mission-aligned’ partner as the Conduit Connect which is seeking to drive deep impact while generating attractive returns for investors. We are seeing ever increasing appetite from our private banking clients for exposure to opportunities in the direct impact investing space. Our ambition is to be able to support our clients by making a connection to the Conduit’s platform, enabling them to access these early-stage impactful companies or to showcase their own companies and projects that may be seeking funding, thereby helping to bridge critical impact funding gaps that exist in the market today.”
The partners stated that alliance will build on the existing Conduit Connect commitment to scale solutions and concepts with the potential to deliver transformative impact across the social and environmental spectrum, bringing in selected clients from Credit Suisse as collaborators, idea generators and investors. Linklaters advised on an enhanced onboarding process for companies, entrepreneurs and investors as well as providing support through the legal advice to The Conduit Connect partnership. Deloitte has collaborated with the Conduit Connect to build a robust Impact Framework, and will share its expertise in accounting and professional services.
Dr. Annalisa Jenkins, Chair of The Conduit Connect said:
“In just a year and a half the Conduit Connect has already reviewed over 520 businesses of which sixty of the most promising have been selected to join our platform. What makes the Conduit Connect such a unique platform is its access to a network of over 3,600 mission aligned Conduit members, who bring not just capital but also a wealth of knowledge and expertise. If 2020 has taught us anything it is that we need to invest resources to improve universal access to healthcare, education, and sustainability. Our goal is to ensure the most impressive social entrepreneurs, with big ideas and a meaningful impact, can access the resources need to scale. We are thrilled to be partnering with Credit Suisse and their clients on this journey.”
Tom Shropshire, Partner, Global Head, U.S. Practice & Co-Head, Risk & Resilience Practice, Linklaters LLP said:
“We are pleased to be supporting Conduit Connect. We understand that it is so critical that young businesses have adequate resources required to grow and scale – and that includes having the right corporate structuring and appropriate governance and compliance. We have been delighted to bring our expertise to bear for the benefit of the platform.”
Katherine Lampen, Partner, Sustainable Finance Practice Lead, Deloitte LLP said:
“It’s great that we’ve been able to support Conduit Connect in developing a methodology for screening the impact of potential investee companies. This methodology draws on Deloitte’s sustainable finance expertise, through advising on impact measurement and management. This will help the business and investors in the Conduit Connect community work toward achieving their sustainable development ambitions.”