Wednesday, May 2, 2018 | 9:20 AM
Certified B Corporations and Public Benefit Corporations: Considerations When Making Social Responsible Investments and Impact Investments
John Steven Bianucci, Iroquois Valley Farms
Kevin Egolf, Iroquois Valley Farms
Impact investments are an important category of alternative investment, one where social and environmental “bottom lines” play an important role alongside positive financial performance. This expanding investment category is being driven by the next generation of investors that want to define investing in terms more complex than philanthropic donations and financial returns. Understanding the language of social responsible investing and defining the spectrum of impact investing is essential for participation in this rapidly growing investment category. Additionally, adding the measurement of positive social and environmental impacts to the already complex discussion of risk and return is new territory for many investment advisors. Join a lively discussion on impact investing, led by a practitioner in the field. Iroquois Valley Farms, an organic farmland REIT, will share insights from its ten plus year history in impact investing. Through the lens of Certified B Corporations and Public Benefit Corporations, professionals will gain practical knowledge and understanding about impact investment analysis, selection, and management.
- Understand the investing spectrum from traditional investments to philanthropy and how SRI and impact fit within the spectrum.
- Learn the characteristics of Certified B Corporations, Public Benefit Corporations (PBC) and Low-profit Limited Liability Corporations (LLLC).
- Obtain a framework to accurately benchmark investment returns of a triple bottom line against other investment returns.
John Steven Bianucci, Director of Impact, Iroquois Valley Farms, Evanston, IL
Mr. Bianucci has long been passionate about food sovereignty, social justice, health, organic farming and agroforestry. He works to maximize the social and environmental impact of Iroquois Valley Farms. He has extensive corporate experience in branding, marketing and sales. As an entrepreneur, Mr. Bianucci has co-founded publications and been a successful independent trader and trading advisor. Computer User magazine was the country’s first regional computer publication and published monthly for 24 years. Mr. Bianucci graduated from Harvard College.
Kevin Egolf, Chief Financial Officer, Iroquois Valley Farms, Evanston, IL
Kevin Egolf is an impact investing professional focusing his efforts on socially responsible farmland investing. His passion for sustainable agriculture and extensive finance background naturally led him into the growing impact investing field and towards agriculture. Through Iroquois Valley Farms, a leader in triple bottom line impact farmland investing, and Local Farms Fund, an early stage farmer land access venture in the NY Foodshed, Kevin helps investors achieve financial returns while providing social and environmental benefits alongside the investment gains. As the Chief Financial Officer at Iroquois Valley Farms, Kevin was integral in growing the company from six farms when he joined to over 40 farmland investments and increasing the number of investors by 5x. As a Co-Founder and Manager of Local Farms Fund, Kevin is bringing the Iroquois Valley Farms investment model on a small scale to local early stage farmers. Local Farms Fund is opening the doors of private investments to all investors, including non-accredited, following the principles of Slow Money.
Prior to his work in socially responsible farmland investing, Kevin spent several years in investment banking and private equity developing extensive experience in corporate valuation, transaction management and fundraising. He started his career at Bank of America, in the Consumer and Retail Investment Banking division as the go-to analyst for restaurant transactions, advising on several high profile deals including the buyout of Outback and sale of Applebee’s. After Bank of America, Kevin spent four years with Castle Harlan, a middle market private equity firm in New York. During his tenure, Kevin raised $700 million of debt financing and $300 million in co-equity investments across multiple investments as well as completed the first restaurant IPO in over four years at the time.
Kevin is a graduate of Wesleyan University with a Bachelor of Arts in both Economics and Computer Science. At Wesleyan University, he was Academic All-American, All-New England, 4-time varsity letter recipient and senior captain in the sport of wrestling. He continues to promote and teach the sport of wrestling as a wrestling coach. Prior to a recent relocation, Kevin is the coach at Nathan Bishop Middle School in current hometown of Providence, RI. Kevin lives in Providence with his wife, Amy, and daughter, Aurora.