• Provide the world’s institutional “Investors” (sovereign wealth funds, pension funds, insurance companies, endowments etc...) with a closed system technology platform that will allow them to track (and visually see) where their capital is deployed...as it “flows downstream” through the world-wide network of “Intermediaries” (private equity funds, hedge funds, money managers, portfolio companies etc...).
• Increase the transparency and accountability of the “chain of title” of Investor’s capital.
• Eliminate the availability of institutional capital to companies that execute their business models at the expense of the world’s most vulnerable populations.
The problem is... the further “downstream” the capital gets from the original Investor... the less transparency and accountability there is to ensure its ethical use.
• A Pension Fund or University Endowment commits $100M to a “blind pool” managed by a well respected Wall Street firm.
• That Wall Street Firm then (in good faith) breaks up the $100M and makes multiple allocations/investments into 3rd parties.
• “Down the line” ...one of the 3rd parties (knowingly or unknowingly) deploys capital into the “fast fashion industry.”
• Unbeknownst to the original Investor, their capital has empowered an industry that has a track record of human rights abuses, with numerous cases of negligent loss of life.
The reality is, that the farther away the money gets from the Investor, the greater the loss of transparency and accountability.
Investors are large, busy, complex organizations...and there are few, if any, effective tools for them to ensure the ethical use of their capital “downstream.”
Investors deserve the right (and ability) to track where their money is going... and to terminate relationships with those who would allow their capital to be used to exploit vulnerable populations.
The Platform will be purpose-built for use by the world’s institutional Investors to track their capital as it flows downstream (and around the world) through the global network of financial Intermediaries.
Investors will finally be able to easily see and track the impact of their capital down to the last dollar... and “course correct” should any Intermediary not invest responsibly.
Investors have a right to know where their money is going... and to ensure that it is doing no harm.
Bright Light’s goal is to facilitate a new industry standard for transparency and accountability...Institutional Investors will be able to clearly see and easily track the flow of their capital across the globe to ensure its ethical use.
Our belief is that if the impact of investment decisions made by money managers is clearly visible to their Investors...and that manager’s present and future capital commitments are directly tied to the morality of those outcomes...the world will be a better place.
Advocate to the Institutional Investor Community for new provisions/mechanisms that tie money manager compensation to ethical investment decisions/performance.