LOS ANGELES ( TheStreet) -- Jean Case is upbeat about the future of impact investment.
In an interview with TheStreet.com at the Milken Global Conference in Los Angeles, the co-founder and CEO of the Case Foundation said "it's exciting times" for impact investing.
"There's an unbelievable acceleration and momentum in the sector," Case said.
Case launched the 18-year-old philanthropic organization with her husband Steve Case, founder of the once pioneering Internet company AOL, which later merged with Time Warner (TWX). The Case Foundation aims to support socially and environmentally minded organizations and programs worldwide.
The power couple has been at the forefront of not only investing their own organization's money in worthy causes, but also in encouraging other major investors to do the same.
The annual Milken Conference brings together business and thought leaders to discuss a wide range of issues. The event is among the high points of the year at the Milken Institute, a think tank created by former investment banker Michael Milken.
The Case Foundation recently made a $2 billion pledge to impact investment initiatives. But Case was also buoyed by a commitment from major financial services groups, such as Black Rock and Bain Capital to also become active in this area.