#121 Impact Investing, Bill Murphy founder & CEO of Purpose Capital

<p>Bill Murphy joins Purposely to share his founder story starting Purpose Capital.</p> <p>Originally from Boston Massachusetts, he is an American that calls New Zealand home, having moved here in the 1980’s with his wife Rose, a New Zealander.</p> <p>Based in the Bay of Plenty, on New Zealand’s North Island, Purpose Capital is an investment fund on a mission to drive social and environmental change. Having raised $22 million so far it is described as a collaboration between the New Zealand business, investment, and philanthropic sectors, bringing capital and expertise to find social and environmental solutions.</p> <p>Bill talks about his determination to make a positive difference to Society and the Planet, formed by his diverse life journey. A range of experiences shaped him to go on and play an active leadership role in spreading and growing impact investing. &nbsp;Before he launched his own investment fund Bill started out as an accountant and also founded Enterprise Angels, helping start-up entrepreneurs.</p> <p>He launched Purpose Capital in 2019 and has plans to grow the fund significantly and create a legacy for future generations. Bill shares details of the fund’s investment in renewable energy, as well as funding circular business models that embrace a sharing economy. Some interesting projects include, build to rent housing for long-term tenants, solar farms to provide renewable energy and iwi-led open ocean aquaculture.</p> <p>Bill is a proponent of Degrowth, a recent phenomenon that provides an alternative approach to ‘growth at all costs’ capitalism. Bill explains its potential benefits to Society and the environment. The relentless search for growth comes at the expense of more important things. As economies grow, consumption grows, and the earth’s resources are depleted more rapidly than ever. Degrowth is the planned reduction of resource consumption and energy use until it reaches a point where our resources can sustain everyone.</p> <p>In the podcast Bill looks back at his early years and expla