With 20+ years of combined experience we have managed over $105MM in early-stage impact investments, developed fund products, built ventures, and led impact boards and managed impact investors, ICs, teams, and programs.
Our success is built upon our experiences on Main St., Bay St. and the farthest reaches of developing economies.
We know finance is a powerful tool for social change. When invested strategically, we can influence and shift norms, knowledge, attitudes and practices. We can lift structural barriers and empower individuals with the capacity, skills and confidence to participate and benefit throughout society.
Narinder Dhami | Managing Partner
Narinder Dhami, a Canada Top 40 Under 40 2019 honouree, is a leader in social finance. She has worked across sectors and silos, bringing depth, perspective, and rigour to her work in North America and the Global South.
Across the last decade, Narinder designed and scaled two social ventures: as the Managing Director she built LEAP | Pecaut Centre for Social Impact, an innovator in venture philanthropy, and as the founding Executive Director of Rise Asset Development she built a microfund for individuals with a history of mental health and addiction challenges. Her work spans to the Global South where she helped grow the Première Agence de Microfinance across Burkina Faso, Cote d’Ivoire, Mali and worked on the portfolio team with Acumen in Ghana and Nigeria.
Narinder has been recognized as a BMW Foundation Responsible Leader. She is a lecturer at Ryerson University and Narinder co-created the first course in microfinance and impact investing at the University of Toronto. Narinder currently serves on the board of Acumen Canada, The Circle and CAFIID.
Jonathan Hera | Founder & Managing Partner
Jonathan Hera has over 10 years’ impact investment experience – domestically and within lower and middle income countries – having worked with and for government agencies, multilateral organizations, large financial institutions, venture capital and private equity funds, angel groups, enabling intermediaries (accelerators/incubators), collective impact platforms, and universities.
He has led the development of investor relations, impact reporting and investor reporting at Sarona Asset Management; investor relations, due diligence and portfolio construction and management at the Royal Bank of Canada; and most recently the investment strategy, due diligence, portfolio management and funder relationships at Grand Challenges Canada. It is here where Jonathan co-led the development of the organization's gender strategy and its implementation throughout its investment process and entrepreneur support.
In addition, Jonathan founded and teaches an MBA course on impact investing at the Schulich School of Business. He has served on many boards and investment committees, including the London Social Value Fund, World Vision’s Origin Capital, and the Youth Social Innovation Capital Fund.
"Marigold’s leaders are impressively committed to building market-defining companies that change our communities for the better. The world needs more Marigold: market & community; financial & social; money and impact. For Marigold, that isn’t a 50-50 balance. It’s 100% each."
Gerhard Pries | CEO | Sarona Asset Management
CIO Strategy Council
Mackie Research Capital
Social Capital Partners