Chapel Hill, N.C. — Dr. Lisa Hagerman, research fellow at Harvard Law School’s Labor and Worklife Program, has been named a Research Fellow for the UNC Center for Community Capital.
Hagerman is an expert in alternative investment options for public pension funds and its relationship to community development.
“Dr. Hagerman’s path-breaking work on public pension fund investments in community revitalization brings tremendous value to the Center’s work on strategies to attract scale capital to underserved markets,” said Center Director Roberto G. Quercia.
Hagerman’s work at Harvard focuses on a U.S. pension funds and urban revitalization initiative funded by the Rockefeller and Ford foundations.
Her work with the Center focuses on a project funded by the Ewing Marion Kauffman Foundation that seeks to better understand the social metrics landscape of urban investments from the institutional investor’s perspective.
The work intends to assess and analyze how investors view measuring the social returns on urban investments. Measuring the financial returns is currently standard practice while reporting on the social returns, such as job and wealth creation for low-income individuals, is still developing.
Hagerman’s work is focused on assessing whether there is interest from investors to advance the industry agenda to create a high-level, flexible set of benchmarks unique to each asset class or certification process for qualified funds that would attract more institutional capital to the underserved markets.
Hagerman is also a research associate at the Oxford University Center for the Environment School of Geography, where she earned her doctoral degree in economic geography. Before starting her research at Oxford, Hagerman worked in regional public-private partnerships as vice president of Economic Innovation International, Boston, a consulting firm that builds privately capitalized community equity funds.
Prior to her consulting work, she was assistant vice president in the government relations group for Wells Fargo Bank, San Francisco, where she coordinated development of bank positions and represented Wells Fargo to elected officials. She worked for Citibank, New York, for seven years marketing transactional banking products as assistant vice president in the Latin American Marketing division.
The UNC Center for Community Capital is the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. The Center’s in-depth analyses help policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people, more effectively.