Catalytic capital is like the first layer in a lasagna. Funders are increasingly stacking their financing in different layers, to collectively tolerate more risk, and help money reach places it never used to flow.
That image comes from Cilia Holmes Indahl, our guest for the first episode of season two of What Is To Be Done?
Six years ago she was handpicked to lead the EQT Foundation, the philanthropic arm of the investment firm EQT. Rather than run it as traditional philanthropy, she built it into a platform for long-term systemic change, providing catalytic capital to early-stage companies that tackle problems the market has not learned to price. She was recently named to the World Economic Forum's list of Young Global Leaders.
We talked about the transformative potential of private equity, Gro Harlem Brundtland's argument that progress needs both radical and pragmatic forces, John Fullerton's regenerative economics, and why Cilia believes people change best when they feel good.
The views and opinions expressed by Cilia Holmes Indahl in this episode are her own and do not necessarily reflect those of EQT Foundation.
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