Save the Date: Nov. 27 WDI Speaker Event on Global Water Crisis
Thursday, October 11, 2018
Tom Light, managing director of WaterEquity, the first-ever impact investment management firm with an exclusive focus on ending the global water crisis, is scheduled to be the next guest for the WDI Global Impact Speaker Series.
Light’s talk will begin at 5 p.m. on Nov. 27 in room R2240 at the University of Michigan’s Ross School of Business. It is free and open to the public.
WaterEquity’s commitment to, and knowledge of, water and sanitation investment opportunities in low- and middle-income countries guide its investment strategies that drive both sustainable financial returns and social impact. By investing in enterprises operating in impoverished communities, WaterEquity’s investments help these enterprises scale up, meet increasing market demand and deliver universal access to clean, safe water and sanitation, the fund notes.
WaterEquity was established by Water.org, the charity co-founded by actor Matt Damon, to mobilize capital for water and sanitation enterprises serving the needs of poor people. Last month, WaterEquity announced the first close of its US $50 million flagship fund—WaterCredit Investment Fund 3 (WCIF3)—at US $33 million. Investors included Bank of America, the Overseas Private Investment Corporation (OPIC), Ceniarth LLC, Niagara Bottling, as well as the Conrad N. Hilton, Skoll, and Osprey Foundations. A second-close is projected before the end of the year.
Light is a 1987 University of Michigan graduate and has an MBA from the Wharton School at the University of Pennsylvania. He has been with WaterEquity for two years. Prior to that, he spent four years as the fund manager and head of Capital Management & Advisory Center for the Grameen Foundation. He also is a former country director for the Dominican Republic for the Clinton Health Access Initiative.
Learn more about WaterEquity in this article from WDI-affiliated site, NextBillion.net: “How Water.org ‘Took a Leap of Faith’ into Social Impact Investing.”
Photos courtesy of water.org