Context v. Concession: Why do markets misread context-fit structures as concessionary?
Magda Guillen Swanson
LaFamilia Foundation
Track
Shaping Capital Systems
Format
The Collaborative Forum ((Up to 3 Facilitators/Speakers))
Speakers
- NameMike Silvestri
- TitleVice President, Impact Investments
- OrganizationSocial Finance
- NameLili Gangas
- TitleChief Technology Community Officer
- OrganizationKapor Center
- NameMagda Guillen Swanson
- TitleGP, FamiliaFund
- OrganizationLaFamilia Foundation | FamiliaFund
Description
In impact investing, flexible terms are often treated as synonymous with concessionary capital. But that assumption may distort the market. This session explores whether certain forms of flexibility like repayment timing, upside participation, downside protection, governance, or capital recycling, are not signs of weaker discipline but better design. Panelists will examine how investors distinguish between genuine concession and structures that more accurately reflect enterprise realities, community needs, or mission goals.