Looking at the number of funds targeting each of the Impact categories, there are years when no funds appear to be focused on oceans & coastal zones, but in most of the past 10 years, over 20 funds have targeted agriculture, education, energy, financial services, health, and infrastructure.
Financial services is interesting, as it is rarely a top category in terms of assets raised, but is high in number of funds—a function of a consistently high number of microfinancing funds of relatively small sizes targeting this space.
Water and employment typically have 10 or more offerings for investors to consider, if those are areas of interest to their investment programs.
Diversity & inclusion was growing through 2021, but dropped off in 2022 to only 11 funds with such an emphasis.
The Business of Impact Investing in 2023
Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.
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