---
title: "NEWS: tale of two markets: Public-markets ESG funds roar, private-market impact funds struggle"
description: Investors continue to pour billions into sustainability-themed stock funds, making “ESG” one of the hottest trends in asset management. But new private impact funds worldwide raised just €10 billion (about $12 billion) last year – less than 30% of the capital raised by new funds in 2019, according to Phenix Capital’s 2021 Impact Fund Universe report.
image: https://phenixcapitalgroup.com/hubfs/Imported_Blog_Media/Presentation1-Sep-12-2022-12-33-48-68-PM.jpg
---

# NEWS: tale of two markets: Public-markets ESG funds roar, private-market impact funds struggle

[ Phenix Capital ](https://phenixcapitalgroup.com/news/author/infophenixcapital-nl)  Feb 10, 2021 2:01:44 PM

[News](https://phenixcapitalgroup.com/news/tag/news)

![NEWS: tale of two markets: Public-markets ESG funds roar, private-market impact funds struggle](https://phenixcapitalgroup.com/hubfs/Imported_Blog_Media/Presentation1-Sep-12-2022-12-33-48-68-PM.jpg)

Investors continue to pour billions into sustainability-themed stock funds, making “ESG” one of the hottest trends in asset management. But new private impact funds worldwide raised just €10 billion (about $12 billion) last year – less than 30% of the capital raised by new funds in 2019, according to Phenix Capital’s 2021 Impact Fund Universe report.

Investor skittishness affected fundraising early in the year as the pandemic took hold and the shutdown of roadshows made it difficult for managers to meet with potential investors. “In impact investing, there are a lot of younger fund managers who don’t have a fully established investor base, and for them to be unable to travel and hold meetings makes it really difficult to raise capital,” Phenix’s **Dirk Meuleman** told *ImpactAlpha*.

[Read full article here](https://impactalpha.com/tale-of-two-markets-public-markets-esg-funds-roar-private-market-impact-funds-struggle/?mc_cid=e5dd12101b&mc_eid=c50378f2ad)

 

 

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[![PRESS RELEASE: Impact Report: Deep Dive on Emerging Market Funds](https://phenixcapitalgroup.com/hubfs/Reports%20-%20Featured%20ImageThumbnail%20(10)-1.png) ](https://phenixcapitalgroup.com/news/features/2021/press-release-emerging-markets-report)

#### [PRESS RELEASE: Impact Report: Deep Dive on Emerging Market Funds](https://phenixcapitalgroup.com/news/features/2021/press-release-emerging-markets-report)

[Phenix Capital](https://phenixcapitalgroup.com/news/author/infophenixcapital-nl) : Apr 29, 2021 12:05:10 PM

Amsterdam, April 29, 2021: Phenix Capital has today released its Impact Report: Deep Dive on Emerging Market Funds. The report highlights that total...

[Press Release](https://phenixcapitalgroup.com/news/tag/press-release) 

[Read More](https://phenixcapitalgroup.com/news/features/2021/press-release-emerging-markets-report)

[![PRESS RELEASE: 729 funds target emerging markets - €96 billion has been already committed](https://phenixcapitalgroup.com/hubfs/Imported_Blog_Media/Reports+Social+media+card+(8).jpg) ](https://phenixcapitalgroup.com/news/features/impact-report-emerging-markets-funds-april-2022)

#### [PRESS RELEASE: 729 funds target emerging markets - €96 billion has been already committed](https://phenixcapitalgroup.com/news/features/impact-report-emerging-markets-funds-april-2022)

[Phenix Capital](https://phenixcapitalgroup.com/news/author/infophenixcapital-nl) : May 2, 2022 4:24:47 PM

Amsterdam, April 28, 2022: Phenix Capital Group has released its Impact Report on Emerging markets, revealing that more 729 funds target emerging...

[Press Release](https://phenixcapitalgroup.com/news/tag/press-release) 

[Read More](https://phenixcapitalgroup.com/news/features/impact-report-emerging-markets-funds-april-2022)

[![NEWS: Private equity set to drive impact fundraising rebound](https://phenixcapitalgroup.com/hubfs/logo620-environmental-finance-1.jpg) ](https://phenixcapitalgroup.com/news/features/2021/environmental-finance-private-equity-rebound)

#### [NEWS: Private equity set to drive impact fundraising rebound](https://phenixcapitalgroup.com/news/features/2021/environmental-finance-private-equity-rebound)

[Phenix Capital](https://phenixcapitalgroup.com/news/author/infophenixcapital-nl) : Mar 1, 2021 11:42:33 AM

Private equity fund managers are leading a charge of impact investors looking to raise a combined €140 billion ($170 billion), data from Phenix...

[News](https://phenixcapitalgroup.com/news/tag/news) 

[Read More](https://phenixcapitalgroup.com/news/features/2021/environmental-finance-private-equity-rebound)

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