Why Catalytic CapitalAdvancing Practice & CommunityNewsResearch & LearningAbout C3 Australia

About C3 Australia

Increasing the knowledge, awareness and use of catalytic capital

Our Goal

The Catalytic Capital Consortium (C3) is a collaborative effort, originally launched in 2019 in the United States to increase the knowledge, awareness, and use of catalytic capital — a vital form of impact investing that accepts disproportionate risk and/or concessionary returns relative to a conventional investment in order to generate positive impact and enable third-party investment that otherwise would not be possible.

C3 Australia was launched in 2025 as a collaborative effort between Hand Heart Pocket Foundation, Minderoo Foundation, Paul Ramsay Foundation and Snow Foundation, jointly funding $12 million in grantmaking. It is administered by Paul Ramsay Foundation (PRF).

Grantmaking

Supporting field-building work. Funding helps to answer critical questions about the scope of the need for catalytic capital, identify when and how catalytic capital can be most effective, and demonstrate what tools and practices are needed — all in service of building a robust community of practice.

Investing

Deploying capital to funds and initiatives that demonstrate a powerful use of catalytic capital. Investments are meant to reduce risk, build track records, increase the scale of promising fund managers, and set the stage for other investors to participate. MacArthur Foundation provides financing for C3-related investments.

C3 Australia Funding Partners

Grantmaking Leadership

Ben Smith

C3 Australia SteerCo Member

Ben is responsible for the way in which Paul Ramsay Foundation’s endowment, including dedicated impact funds, are invested, and in the deployment of catalytic capital. Ben's role also includes overseeing the design, structuring, and management of innovative financial instruments to catalyse more capital for impact.

Bhanvi Anand

C3 Australia SteerCo Member

Bhanvi Kapoor Anand leads impact investing at Snow Foundation, where she supports the Foundation's impact investing portfolio and partnerships. Her work includes exploring how catalytic capital and other innovative funding approaches can help address social challenges and strengthen Australia's impact investing market.

Sara Parrott

C3 Australia SteerCo Member

Sara is the Chief Executive Officer of the independent philanthropic foundation Hand Heart Pocket, where she is known for bringing a systems perspective to her work and building partnerships that align diverse stakeholders around shared outcomes.

Skye Heller

C3 Australia SteerCo Member

Skye is a Senior Advisor in Impact Investing at Minderoo Foundation, where she develops impact investing strategies and deploys capital to accelerate positive social and environmental outcomes. Her work also focuses on strengthening Australia's impact investing market, including through mobilising catalytic capital.

C3 Australia
Subscribe to Our NewsletterContact Us
Why Catalytic CapitalAdvancing Practice & CommunityNewsResearch & LearningAbout C3
© 2026 Catalytic Capital Consortium. All rights reserved.
Privacy Policy