Today’s top story

Kate Goodall, co-founder and CEO of D.C. accelerator Halcyon, is stepping down from her role to head up a new investment fund that will look to be a more active source of capital for social impact startups in 2024.

The new CEO will be Daniel J. Barker, managing director of Halcyon’s incubator program since early 2022. He will assume the role on Jan. 1. At that time, Goodall will become co-managing partner of Halcyon Fund II along with Dahna Goldstein, who’s leaving her role as chief investment officer.

Halcyon was started almost 10 years ago by Goodall and Dr. Sachiko Kuno, who co-founded two pharmaceutical firms with her former husband and research partner Ryuji Ueno. It was initially part of the S&R Foundation, a nonprofit that supports artists, scientists and social impact entrepreneurs, but was spun off in 2017 so it could tap more resources and not rely solely S&R for funding.