Reportage by Impact Investor: The CEO of Phenix Capital Group talks to Paula Garrido about how the impact investing universe has expanded in size and across asset classes, as more investment managers and asset owners join in.
"In every asset class and in every impact theme, there are now investible products.” - Dirk Meuleman, Phenix Capital Group
Paula Garrido: The impact investing space has grown rapidly in recent years but so have the environmental and social challenges we face. What can be done to accelerate the further development of the sector?
Dirk Meuleman: Five years ago, I did a forecast of the amount of funds in the impact space we were likely to have today and even my most optimistic scenario was too conservative. There are actually three times more impact funds today than what I forecasted back then.
There is no doubt that the market has grown tremendously, but is it enough? Clearly not. But I would like to add that we cannot expect the private sector to fix everything – governments need to step up because not everything can be fixed by allocating more capital.
In addition to growth, what we have seen is that the sector has become broader across asset classes. In every asset class and in every impact theme, there are now investible products.