Tracy Palandjian

Chief Executive Officer & Co-Founder

Office: Boston Year: 2011

Tracy Palandjian is Chief Executive Officer and Co-Founder of Social Finance, an impact investing nonprofit dedicated to mobilizing capital to drive social progress. The organization leads the development of Pay for Success financing tools such as the Social Impact Bond and the Career Impact Bond, which leverage catalytic capital to deliver measurable and lasting change within our communities. Using rigorous impact analytics and management, Social Finance aims to drive impact at scale by moving systems and markets toward outcomes.

For more than a decade, Tracy has committed to reimagining the role of the capital markets in enabling social progress. Inspired by Social Finance UK, Tracy co-founded Social Finance in Boston in 2011 to build the Social Impact Bond field in the United States. In 2019, Social Finance became a fund manager to launch its Career Impact Bond strategy. The firm has catalyzed over $150 million in investments to address a range of social challenges in workforce development, criminal justice, early childhood, education, health, and homelessness.

Prior to Social Finance, Tracy was a Managing Director for 11 years at The Parthenon Group, where she established and led the Nonprofit Practice and worked with foundations and NGOs to accomplish their missions in the U.S. and globally. Tracy also worked at Wellington Management Co. and McKinsey & Co.

Tracy serves as vice chair for the U.S. Impact Investing Alliance and is the co-author of Investing for Impact: Case Studies Across Asset Classes. She is a trustee at the Surdna Foundation, where she chairs the Investment Committee; a board member of The Boston Foundation and The Global Steering Group for Impact Investment (GSG); and a member of the Advisory Council at the Milken Center for Advancing the American Dream. Tracy also serves an independent Director at Affiliated Managers Group (NYSE: AMG). Previously, Tracy served as Board Chair of Facing History and Ourselves, Co-Chair of Robert F. Kennedy Human Rights, and Trustee of Milton Academy. A former Vice Chair of the Harvard Board of Overseers and a 2019 recipient of the HBS Alumni Achievement Award, Tracy continues to serve on various Visiting Committees at Harvard University.

Tracy is a frequent speaker and writer on impact investing, social innovation, and results-oriented policy making, having been covered in The Wall Street Journal, The Atlantic, The Economist, TIME, Forbes, and The New York Times. A native of Hong Kong, Tracy is fluent in Cantonese and Mandarin. She graduated from Harvard College with a B.A. magna cum laude in Economics and holds an M.B.A. with high distinction from Harvard Business School, where she was a Baker Scholar.