April 13, 2016

Purpose Capital Welcomes Aboard The Finance For Good Team

TORONTO, ONTARIO – April 14, 2016 – Purpose Capital is pleased to announce that it has acquired the consulting business of Finance For Good, one of Canada’s leading social finance intermediaries. This new partnership will allow Purpose Capital to serve growing demand around pay-for-performance models of financing, enriching its service offering to investors, governments, foundations, and financial institutions, and expanding the firm’s presence across North America.

As a leading impact investment advisory firm, Purpose Capital will now maintain presence in Toronto, Montreal, Calgary, Edmonton, and San Francisco. Along with consulting on client engagements, Finance for Good co-founders Mathew Burpee CA,CFA; Justin Bertagnolli; and Mark Hlady MBA will lead Purpose Capital’s efforts in new markets as Venture Partners. Lars Boggild, former VP of Eastern Canada for FFG joined Purpose Capital as a Consultant in February.

“This move brings in some of the most accomplished social finance advisors in North America,” said Assaf Weisz, Purpose Capital’s Managing Director and Co-founder. “Finance For Good consistently produced leading work on pay-for-performance and social finance models, and we could not be more excited to bring them aboard. Combined, we’ve got a stellar team to accomplish our mission of mobilizing all forms of capital to accelerate social progress.”

The acquisition continues a year of significant growth for Purpose Capital, which is currently hiring for a Director of Impact Advisory to lead its next phase of expansion in providing strategy to investors. The firm already works with a range of leading impact investors, including those with some of the most significant impact investment and field-building commitments to the sector. In the past year the firm’s work has achieved key milestones, such as the mobilization of 100% of the assets of a private foundation towards its mission, the strategic reorientation of a large institutional direct investing portfolio towards impact, and the development of social finance approaches for the settlement sector.

“Finance for Good and Purpose Capital have always shared a similar mission, and this opportunity enables us to serve our existing clients with a new set of skills and bring our skills to new organizations,” said Mark Hlady, FFG Partner & Co-founder. “The market for social finance continues to grow very quickly across North America; we felt that by joining Purpose, we could remain a market leader in the space, while drastically expanding the breadth of our combined expertise.”

For inquiries, please contact Assaf Weisz, Managing Director of Purpose Capital at