The U.S. Fund for UNICEF announced today that its Bridge Fund has received a first-of-its-kind commitment from Mariner Investment Group, the global asset manager, to donate five percent of the management fee it generates from its management of two newly launched impact investment vehicles. The UNICEF Bridge Fund is an innovative financial tool designed to expedite lifesaving supplies to children in places affected by natural disasters and humanitarian crises such as the Philippines.
Mariner Investment Group will join other individuals, foundations, and corporate investors who together have contributed $19 million in grants and loans to-date to the UNICEF Bridge Fund. Current institutional investors include founding investor Prudential Financial, Athena Capital Advisors, Imprint Capital, and Embrey Family Foundation. Investors fund net worth grants, below-market-rate loans, and program-related investments, creating a pool of cash that enables UNICEF to deliver essential goods to children in need as quickly as possible.
Created by the U.S. Fund for UNICEF in 2011, the Bridge Fund provides UNICEF with a flexible mechanism to reduce or eliminate gaps between the moment a critical need for supplies is identified and when funding becomes available. This rapidly available funding can also help secure better pricing for materials and reduce shipping costs, freeing up more money to spend on vital commodities.
UNICEF Bridge Fund Receives Long-term Financial Commitment from Mariner Investment Group
http://www.prweb.com/ | January 21, 2014