Alt investment industry launches Funds 4 Food online cap intro event in aid of Covid-19 victims
The alternative investment industry is coming together to aid relief efforts for the victims of Covid-19.
From 15 June to 2 July, 2020, iConnections, a provider of customised networking software ands solutions for financial services firms, will host Funds 4 Food - an online fundraiser that will facilitate a series of private capital introduction meetings between alternative investment managers and allocators. All proceeds from event registrations will be donated to charities focused on COVID-19 hunger relief.
“Recognising the devastating increase in the number of people who are facing food insecurity as a result of the pandemic, I realised I was sitting on a powerful network of people who have the ability and desire to make a difference,” says Ron Biscardi, founder of iConnections. “Based on the immediate response from our early participants, including large institutional investors, leading investment managers, global prime brokers, and even renowned economists, we are confident that our event will encourage workable investment ideas, as well as solve a hunger problem facing those most impacted by the pandemic.”
Funds 4 Food will be structured as a network that matches allocators to managers for a series of private meetings that will occur via videoconference between 15 June and 2 July. To date, some of the most prestigious allocators in investing, including Brown University, Cambridge University, Johns Hopkins University, the Hewlett Foundation, the Packard Foundation, University of Pennsylvania, Veritable and Yale University, have confirmed their participation in the fundraiser.
All proceeds generated through manager registrations will be distributed to charities focused on hunger relief for victims of Covid-19. Supported charities will include World Central Kitchens, Catalyst Kitchen, the Garces Foundation, Food Banks Canada, and Feeding America. The Garces Foundation, a Philadelphia based non-profit that launched the Garces Foundation Food Pantry in partnership with local restaurants to provide boxes of food to community members in need, has agreed to serve as the charity partner and will distribute funds to all other supported charities.
“We are excited to be partnering with iConnections, our local neighbour,” says David Maser, Chairman of the Board of Garces Foundation. “Together and with our national and global charity partners, Funds 4 Food will help feed hungry people worldwide.”