Impact investors can help devastated communities recover and build resilience.

Issues like water scarcity are felt most intensely at the local level. That makes it incumbent on municipal bond issuers to lead the response.

The degree of success of muni impact bonds often stems from showing issuers how they’ll be graded.

One of the things that we like to do is to make sure that our investments are very specific—that they have intentionality behind each investment.

Impact investing, which seeks to make a direct—and measurable—social or environmental impact while generating a financial return, has historically been synonymous with the private debt and equity markets. But that ignores the hugely important public market of municipal finance.