This May, impact investing practitioners from the world of philanthropy gathered in Los Angeles for the biennial Mission Investors Exchange National Conference. The conference is focused on creating peer-to-peer connections to drive innovation and growth among the leaders of the philanthropy sector as well as wealth managers, advisors, and intermediaries committed to the use of philanthropic assets for impact. One of the key themes that emerged from the panels and discussions was the role of patient, long-term capital in providing catalytic funding that unlocks other financial resources. This type of capital demonstrates how philanthropic organizations can drive change aligned with their values, whether focused on social equity, environmental sustainability, or health outcomes. Speakers also emphasized that such funding is critical for building infrastructure, enabling organizations and communities to move and absorb capital more effectively.