Managing Director, Impact Capital Lab

ABOUT BOSTON IMPACT INITIATIVE (BII)

Boston Impact Initiative (BII) is a nonprofit impact investment fund founded in 2013 working to build a regenerative and equitable economy. We invest integrated capital—equity, debt and grants—in social enterprises and community-owned and controlled real estate to build wealth and asset-building opportunities, especially in diverse communities.

As a new Community Development Financial Institution (CDFI), we currently manage two distinct funds:

• BII Fund I: Established in 2017, deployed $6.9M across 50 enterprises
• BII Fund II: Launched 2022, raised $17M, invested $6.5M in 23 companies and real estate projects, and is actively raising/deploying capital to small businesses and community-governed real estate projects in Massachusetts and New England

BII also offers impact investing education and training. Through our Advancing Regenerative Capital (ARC) Fellowship, we have trained 70 fund managers from 30 organizations to launch community-based impact funds focused on expanding shared ownership and generational wealth in communities systematically excluded from economic opportunity. To date, 22 funds have launched that have deployed over $12M to diverse small businesses across the U.S.

BII is growing to 15 employees in 2025, with a net $3.5M annual operating budget. As we expand our investing and field-building work, we seek a strategic and entrepreneurial Managing Director of BII’s Impact Capital Lab to spearhead field-building, innovation and education to advance BII’s vision of a future where every community has the resources and power to create shared prosperity.

ABOUT THE IMPACT CAPITAL LAB AT BII

The Impact Capital Lab is a bold, field-building initiative of Boston Impact Initiative (BII). The Lab is where innovation meets education—serving as a launchpad for the next generation of impact fund managers, a hub for funder learning, a center for advisory services to impact capital deployers, and a voice for policy and advocacy in the impact investing field.

BII invests integrated capital—equity, debt and grants—in social enterprises and community-owned and controlled real estate to build wealth and asset-building opportunities, especially in diverse communities. The Lab aims to build the infrastructure and leadership our economy needs to move from extractive to regenerative investing practices. Through its programs, the Lab expands who gets to steward capital—and how that capital shows up and moves in community.

POSITION SUMMARY

The Managing Director of Impact Capital Lab will lead this dynamic and growing initiative with vision, creativity, and execution power. This is a strategic leadership role focused on scaling BII’s impact in the impact investing field through training, education, ecosystem building, and public engagement. The Managing Director will also spearhead BII’s pursuit of organizational excellence to remain a resilient and sustainable organization, on the cutting edge of the values and principles that align with our mission.

Reporting to the CEO of BII, the Managing Director will oversee all aspects of the Lab’s strategy, partnerships, fundraising, and operations. They will also serve as a public ambassador for reimagining a financial system that works for everyone.

KEY RESPONSIBILITIES

Strategic Leadership & Program Development

• Design and implement a multi-year strategic roadmap for the Impact Capital Lab in alignment with BII’s mission and integrated capital approach. Ensure program design reflects equity, community leadership, and systemic change.
• Lead and evolve key program areas, including:
  • Training for emerging impact fund managers from a range of backgrounds and experiences.
  • Funder education that supports values-aligned investing and advances access to fair and flexible capital for entrepreneurs.
  • Advisory services to fund managers, investors and institutions deploying impact capital.
  • Advocacy and ecosystem engagement to influence field-wide norms and policies that advance impact investing with a lens on building economic opportunity and community wealth.
• Oversee the design, launch and fundraising for a $5M First Mover Fund to invest in cohort funds focused on community-based impact.

Partnerships & Ecosystem Leadership

• Cultivate strong partnerships with foundations, capital intermediaries, CDFIs, fund managers, public sector leaders, and community groups.
• Represent the Lab and BII at national and regional convenings as a thought leader and field-builder, including participating as a speaker at conferences and contributing to panels.
• Develop and publish thought pieces, in collaboration with CEO and team, that reflect BII’s unique approaches to capital deployment, business support, and community development, sharing learnings and insights from BII's work.
• Work collaboratively with peers in the field to advance shared impact infrastructure and investment principles, actively contributing to public discourse and knowledge sharing.
• Oversee the design of BII's policy framework and coalition-based advocacy strategy.

Resource Development & Sustainability

• Lead fundraising and resource mobilization for the Lab’s work, including grants, sponsorships, and earned revenue.
• Build and maintain relationships with philanthropic partners and supporters.
• Design sustainable business models for Lab offerings and services, including developing earned revenue streams.

Leadership & Management

• Build and manage a small, high-performing team of staff, consultants, and trainers.
• Oversee financial management, operations, and impact reporting for the Lab.
• Coordinate closely with BII's leadership team to build BII's organizational structure that support the Lab's programs, and integrate best practices, systems and new tools to enhance innovation and productivity across functions.

Other duties as assigned.

QUALIFICATIONS

We welcome candidates with a range of experiences and perspectives. The strongest candidates will bring:

• Strategic and Entrepreneurial Leadership: Proven ability to design and lead initiatives at the intersection of finance, social change, and capacity building.
• Impact Investing Knowledge: Fluency in integrated capital approaches, fund design, and values-aligned investment practices.
• Partnership and Ecosystem Building: A connector who builds authentic, cross-sector relationships and coalitions.
• Fundraising Experience: Expertise in fundraising both philanthropic and investment capital and in cultivating and stewarding stakeholders.
• Program and Team Management: Experience managing people, budgets, and complex programs with discipline and care.
• Strong Communication Skills: Effective public speaker and communicator with ability to translate complex concepts into accessible language, demonstrated by experience speaking at conferences, leading workshops, or publishing articles/reports.
• Experience with Organizational Design and Development: Demonstrated experience improving organizational performance by aligning structure, processes, and culture with strategic goals.

PREFERRED ATTRIBUTES

• Lived or professional experience working in or alongside diverse and frontline communities (those most affected by disinvestment and/or climate change).
• Commitment to regenerative economy principles and solidarity finance.
• Strong networks with the impact investing / community finance sectors.

BII is an Equal Opportunity Employer. We embrace diverse skills, perspectives, and ideas. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law.