Place-based Investment: The Healthcare Anchor Network defines Place-based investing (PBI) as an impact investment approach that targets positive social, economic, and environmental impacts in specific communities and geographies of need (i.e., underfunded and/or underserved populations), while achieving a modest financial return (i.e., one that is less than market rate for that asset class).
The purpose of place-based investments is to address financing gaps in the marketplace by adding affordable and flexible capital for community projects. In a place-based investment, at least the principal of the investment should be preserved for the institution, and the funds are reflected on the balance sheet rather than within an organization’s operating budget.
This document summarizes the PBI strategies of HAN member health systems.