Scale Finance: Industrial-Strength Social Impact Bonds for Mainstream Investors

Steven H. Goldberg

in Monograph from Federal Reserve Bank of San Francisco

Abstract: Social Impact Bonds (also known as Pay for Success contracts) have demonstrated significant growth potential within their defined boundaries, but the standard model has not yet developed ?mainstream? investment transactions capable of expanding certified evidence-based programs (CEBPs) commensurate with unmet population needs. This paper proposes an enhanced SIB model called ?Scale Finance? in which asset owners and fund managers would work with CEBP developers to expand these proprietary programs at their maximum feasible growth rates. If successful, Scale Finance would offer a financially self-sustaining way to effectively solve certain pervasive social problems we already know how to fix.

Date: 2017
Note: A Special Report from the Center for Community Development Investments, Federal Reserve Bank of San Francisco, April 2017
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