Michael Traill: Walking away from the investment banking to help social entrepreneurs do good… and now establishing a new investment asset class in Australia

Michael Traill might just be the ultimate Good Investor. Growing up in a small mining town in Victoria he found himself co-founding Macquarie Group’s private equity business. After fifteen years at Macquarie and poised for higher honours within the bank, he took a radical u-turn and became founding CEO of Social Ventures Australia. Shortly thereafter he had a leading hand in rescuing ABC Learning’s Australian assets via not-for-profit enterprise Goodstart Learning. Now he is looking at establishing a new asset class in Australia - in scale. He and his co-founding partners at For Purpose Partners are trying to bring superannuation and corporate management skills into the aged care, mental health, disability, social housing and education sectors. The aim is to generate acceptable financial returns but create positive social change at the same time. Find out what makes For Purpose Partners different, where Michael gets his sense of social justice from, what is next for the growing area of social infrastructure and what advice he received that spurred him on to run 10kms in less than 41 minutes as an 11 year in regional Victoria. The podcast is hosted by Co-Founder and CEO of Ethical Partners Funds Management, Matt Nacard

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