The GIIN’s report, GIIN Perspectives: Evidence on the Financial Performance of Impact Investments, provides investors with a comprehensive review of available research to date on the financial performance of impact investments. The report evaluates over a dozen studies—produced by a wide range of organizations—on the financial performance of investments in three common asset classes in impact investing: private equity, private debt, and real assets, as well as individual investor portfolios allocated across asset classes.
In addition to providing an in-depth review of each study, GIIN Perspectives: Evidence on the Financial Performance of Impact Investments synthesizes findings across available research by asset class and surfaces implications for the industry. In aggregate, the report finds that impact investors that target market-rate returns can achieve them, depending on fund manager selection. Overall, the research provides the industry with increased transparency around financial performance of impact investments, and brings greater credibility to the market.