Atlanta Real Estate Developer Pattillo on Forbes’ Impact 30 List
By Bill Murphy
Atlanta real estate developer Bob Pattillo has been named to Forbes’ Impact 30, an inaugural listing of the world’s leading social entrepreneurs.
Pattillo is also the founder of a novel venture firm that raises funds for microfinance and invests in early-stage companies.
“Gray Ghost Ventures – apparently named for the small but strong gray ghost fish and “gray matter”- is “primarily a fund of funds that provides capital to microfinance groups,” said Forbes, But it also invests in early-stage businesses like CellBazaar, which creates mobile electronic marketplaces.
Pattillo, 51, a successful real estate developer in a prior life, seeks a positive return across the entire portfolio, the magazine said. Gray Ghost has invested $200 million so far.
The 30 social entrepreneurs were selected by a panel named by Forbes. The panel consisted of the following: Ashoka founder and CEO Bill Drayton; Yale economics professor and MIT Poverty Action Lab research fellow Dean Karlan; Deb Nelson, executive director of the Social Venture Network; Antony Bugg-Levine, the chief executive of the Nonprofit Finance Fund; and Jed Emerson, the executive vice president of ImpactAssets.
See the entire Forbes list here: