IMPACT-INVESTING5 MIN READ
Dialogue: Why Concessionary Capital?
Explain concessionary or flexible capital using investor contribution logic.
Elena E LP 1 Clarify 2 Counterfactual 3 Boundary LP review 20 sec The concession question Elena is not against impact. She wants to know why flexible capital is necessary rather than a nice gesture. A vague concession story sounds like weak underwriting; a contribution story shows why the terms matter. 2% return concession 7y patient tenor
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