Devex Examines Innovative Funding Mechanisms, Highlights Global Health Investment Fund
Devex: This fund seeks a traditional return and grant-like impact for global health R&D
“…The Bill & Melinda Gates Foundation has explored various financing models to support research and development of cures for infectious diseases affecting poor people in developing countries. To create the Global Health Investment Fund, or GHIF, a social impact investment fund that would ensure both a social return to neglected populations and a financial return to investors, it worked with J.P. Morgan. In the nearly four years since it was launched, the fund estimates that it has saved 4,200 lives and improved the lives of 1.5 million people through its investments…” (Cheney, 5/25).