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Impact Investing

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"Impact investing has the potential to enable every foundation, regardless of size, to pursue its philanthropic mission more effectively. It can help individual donors, families, foundations with few or no staff, and all sorts of giving entities put more and different types of capital to work for social good. Even better, it can deliver philanthropic impact alongside financial returns—which can enable reinvestment of those funds in pursuit of even more social good.

We offer this guide with that opportunity in mind—and specifically to support small-staffed foundations seeking to use impact investing to further their missions. It provides a starting point, a review of key questions to consider and ways to answer them, and a variety of tools and connections to additional resources you may need."

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"Social enterprises that not only deliver financial but also social and environmental returns for those at the 'bottom of the pyramid' (BOP) and society as a whole are being promoted as an integral solution towards sustainable development and inclusive growth. This study sets out a market assessment on the incubators and impact investors that act as enablers of the social enterprise ecosystem in the India. It doing so it clarifies the services these different organizations provide, their business models and sector wise, geographic and service related gaps, as well as the challenges they face from the individual perspectives of system enablers. It draws on a series of stakeholder consultations including an online survey, and desk research of a sample of 16 social enterprise incubators and 33 impact investors active in the country."

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"The African Agricultural Capital Fund, managed by Pearl Capital Partners, primarily invests in small- and medium-sized agricultural enterprises to improve the livelihoods of smallholder farmers in East Africa.

This case study gives an overview of the fund, describes its capital structure, its primary impact governance mechanisms, and the stakeholders’ key risk mitigation strategies. To provide additional insight into the motivations and decisions that shaped the impact investment, interviews with representatives of the four investors and the fund manager are included."

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"This legal guide provides an overview of legal issues and requirements for impact investors and social entrepreneurs who are entering into business in East Africa. Without a better understanding of the regional context, the legal process can often be poorly suited for specific markets and take months and incur substantial expenses for investors and businesses. Understanding the local legal environment streamlines the due diligence process and improves the ongoing viability, sustainability, and growth potential of investments."

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"This Issue Brief is presented as an introductory guide to help investors and advisors construct portfolios that integrate impact appropriately across asset classes. We refer to this as Total Portfolio Management. This guide builds upon and summarizes the excellent work introduced by various thought leaders and investment experts whose efforts are driving the field of impact investment forward."

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"This report takes stock of the market for impact investing and examines the conditions that would allow the market to grow and realize its potential. Historically, there have always been investors who cared about more than just financial returns. Governments and philanthropists, for example, have set up investment vehicles with mandates to promote social and environmental goals. Over the last decade, impact investing has gained prominence as an approach to investment that aims to achieve both financial returns and social or environmental goals. This has created a dynamic but somewhat disorganized market of diverse participants, standards, and concepts. Although still small, the market is attracting considerable interest, and it has the potential to increase in scale, and thereby contribute to the achievement of the Sustainable Development Goals (SDGs) and the Paris climate goals."

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"This report reflects a combination of on-the-ground experiences of China Impact Fund (CIF) and New Ventures China (NVC), and points of view from emerging impact investing practitioners active in mainland China. It aims to consider the important but often overlooked role of impact investing in the potential transformation of China's society over the coming decades, especially on the environmental front."

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"This report explores a refreshed perspective on the long term viability of impact investing and presents the "Impact Investing Roadmap" - a framework that investors can use to clarify their vision for impact investing, define stages of impact investing activities and identify tactical steps to develop an investment strategy. Those tactical steps include designing an impact investing model, managing issues of organizational change and if desired, engaging with the robust and supportive impact investing ecosystem."

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"This guide is intended as an entry point for grantmaking and investing for social impact, with practical direction on how to apply these principles to your own portfolio. This guide is intended to be used by individual donors who seek to maximize social and financial impact across their portfolios, although this coordinated approach can also be used by organizations seeking to do the same."

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"The paper seeks to inform the reader with: An insider’s perspective of on-the-ground challenges faced in balancing the right mix of investments impact on missions of social enterprises [and] Recommendations that could help guide the growing social investment arena on how to support the development of sustainable social enterprises."

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