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Atlanta Real Estate Developer Pattillo on Forbes’ Impact 30 List

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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: 
http://www.forbes.com/impact-30/list.html

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