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Real Estate Developer, Microfinance Guru Bob Pattillo Among ‘Social Entrepreneurs’ on Forbes’ Impact 30 List - cbl
Posted December 2, 2011
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By Bill Murphy
ATLANTA - Real estate developer Bob Pattillo, the founder of a novel venture firm that raises funds for microfinance besides investing in early-stage companies, has been named to Forbes' Impact 30, an inaugural listing of the world's leading social entrepreneurs.
Pattillo's Gray Ghost Ventures - apparently named for the small but strong gray ghost fish and "gray matter"- is "primarily a fund of funds that provides capital to microfinance groups," said Forbes, But it also invests in early-stage businesses like CellBazaar, which creates mobile electronic marketplaces.
Pattillo, 51, a successful real estate developer in a prior life, seeks a positive return across the entire portfolio, the magazine said. Gray Ghost has invested $200 million so far.
The 30 social entrepreneurs were selected by a panel named by Forbes. The panel consisted of the following: Ashoka founder and CEO Bill Drayton; Yale economics professor and MIT Poverty Action Lab research fellow Dean Karlan; Deb Nelson, executive director of the Social Venture Network; Antony Bugg-Levine, the chief executive of the Nonprofit Finance Fund; and Jed Emerson, the executive vice president of ImpactAssets.
See the entire Forbes list here:
http://www.forbes.com/impact-30/list.html...
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