#146 Serial social entrepreneur, Laurence Marshbaum OAM founder of Community Capital & 10 X 10 Philanthropy

<p>Welcoming Laurence Marshbaum OAM back to Purposely to share his incredible founder stories. Investment management is all about picking the right stocks to maximise returns, right?! Maybe considering an investors tolerance for risk and diversifying the investments across asset classes and markets. </p> <p>That is also true for experienced Sydney based portfolio manager Laurence Marshbaum and Barrenjoey Capital Partners and their firm <a href="https://communitycapital.com.au/" target="_blank" rel="noopener noreferrer">Community Capital.</a> Well, it is only half true and alongside financial returns for investors they are fully focused on delivering social impact and providing vital funds for good causes. </p> <p>Established in December 2022, Community Capital invests in private markets at a discounted price and then donates the generated funds to good causes. Causes and social purpose organisations selected by an experienced advisory board with individuals who are close to community issues and philanthropy. Laurence was inspired to act during the pandemic and was looking at ways he could use his knowledge, skills, and experience of the investment profession to do good and deliver funding to the community. </p> <p>So far, they have raised $383M USD/ $550M AUD for the fund and on their way to delivering returns for investors as well as social impact through an unlisted credit fund. </p> <p>Backers for the fund include Australian Retirement Trust, Laurence’s former employer, Minderoo Foundation, Legalsuper and MLC Insignia. </p> <p><br></p> <p>This is second for purpose organisation founded by Laurence and in June 2022 Laurence received a Medal of the Order of Australia from Lord Governor General David Hurley for his services to the charity sector through his social enterprise <a href="http://10x10philanthropy.com/" target="_blank" rel="noopener noreferrer">10 X 10 Philanthropy</a>. 10 X 10 operates in 14 cities in 7 countries and has raised over $5 million for early stage and grassroots not-for-profits. Establi