Daniel
Showing 1–2 of 2 transcripts.
- Milken Institute1h 2m
IPOs for SMEs: Can Capital Markets Close the Financing Gap?
Staci Warden, Ana Carvajal, Ashish Chauhan, Siobhan Cleary, Nick Thadaney, Arumna Abdul, Daniel, Scott Birdwell
A high-level panel of global financial experts identified credit access as the primary barrier for Small and Medium Enterprises, proposing tiered exchange models from Canada's TMX Group and India's Bombay Stock Exchange as effective mechanisms to mobilize local capital while protecting investors through graded liquidity rules. The discussion detailed how proportional regulatory frameworks, market maker programs, and innovative instruments like securitized receivables can balance enforcement with the need for lower compliance costs, successfully transitioning hundreds of companies from junior markets to senior boards. Ultimately, stakeholders argued that sustainable SME ecosystems require shifting from isolated IPO promotion to holistic financing environments that integrate private equity exit routes and foster job creation without distorting market integrity.
- Milken Institute58 min
Aligning Endowment Investments with Philanthropic Mission
Kerry Kennedy, Kim Lew, Brian O'Neil, Mark Suzman, Darren Walker, Shawn Wischmeier, Carrie Kennedy, Frank, Nelson, Daniel, Amy Christensen
Carrie Kennedy moderated a panel of foundation leaders, including Darren Walker of the Ford Foundation and Mark Sussman of the Gates Foundation, who detailed their strategies for aligning endowment capital with social missions through mission-related investments, program-related investments, and strict ethical screens. The discussion highlighted a divergence in approaches, with the Ford Foundation committing $1 billion to double-bottom-line strategies while Carnegie Corporation maintains a "do no harm" stance, though all participants agreed that integrating mission goals is financially viable and critical for institutional relevance. By addressing systemic biases through diversity initiatives and leveraging capital to build investment infrastructure, these organizations aim to transform the traditional fiduciary model to ensure endowments actively advance their charitable objectives rather than merely preserving wealth.