Host Brian Walsh takes up ImpactAlpha’s top stories with editor David Bank. Up this week: Unsolicited advice for the Gates Foundation following the announcement that it would increase its giving and spend down its endowment by 2045; How California's massive public pension funds find alpha in emerging fund managers (09:45); And, glimmers of hope for blended finance in the face of a global foreign aid pullback (15:27).

Story links:

• “⁠Impermanence is the future: Four unsolicited ideas for sunsetting the Gates Foundation⁠,” by Gary Community Ventures’ Santhosh Ramdoss

• “⁠CalPERS and CalSTRS find alpha in emerging managers that have earned ‘the right to win’⁠,” by David Bank and Roodgally Senatus

• "⁠Blended finance loses a big investor and some of its steam⁠," by Jessica Pothering