Endeavor Global Board Members Elliot Weissbluth, CEO HighTower, and Matt Brown, CEO CAIS, unveiled their support of a new philanthropic fund launched by Endeavor, a leading non-profit organization in the high-impact entrepreneurship movement.
Weissbluth and Brown, along with fellow Endeavor Global Board member Joanna Rees, introduced the new impact-investing fund to the advisor community at HighTower Apex 2014.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Catalyst fund was formed by Endeavor with the purpose of co-investing in selected entrepreneurs alongside private lead investors. The fund seeks to deliver a competitive return on investment without traditional management fees and expenses, while providing Endeavor with the necessary resources to support its global work.
Edgar Bronfman Jr., board chairman, Endeavor, said: "Endeavor Catalyst puts the ideals of transformation and innovation into action, disrupting philanthropy as we know it."
The fund, which was first open to private investors in 2013, is now also available to the investment advisor community on the CAIS platform.
Matt Brown said: "As the use of impact investing increases in the wealth management industry, Endeavor Catalyst offers advisors an opportunity to do well while doing good."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWeissbluth said: "Catalyst is a rare financial vehicle that sponsors a charitable mission with tremendous potential for economic impact."
Linda Rottenberg, co-founder and CEO, Endeavor, said: "Catalyst represents an opportunity for investors who want to support big ideas and big dreams that can truly change the world. Endeavor has been called the best anti-poverty program in the world, and our results will only amplify through the support of the Catalyst fund."
