New Impact Fund Universe Report
Between 2022 and 2023, the impact investing universe has grown both in terms of new funds launched, a growth rate of 16.7%, and, in terms of total committed capital, which now stands at €589 billion, having grown by 9.3%.
We continue to observe a steady flow of solutions in the market across asset classes, instruments and geographies that are both attractive to asset owners and allocators, and aim to deliver market-rate financial returns while tackling some of humanity's most significant challenges.
The Impact Fund Universe Report seeks to fill the need for comprehensive and reliable market intelligence in the industry. We present our findings from more than nine years of collecting institutional impact fund data gathered from our network of fund managers and institutional asset owners.
As with all of Phenix Capital Group's work, this report focuses on the 'financial-first' side of the spectrum of impact capital and considers only those funds targeting risk-adjusted market-rate returns.
Phenix Capital has been dedicated to supporting the growth of the industry, educating asset owners, and catalysing institutional capital to impact investing since 2012.
Developed for institutional investors by institutional investors, the Phenix Impact Database is designed to assist institutional asset owners with building and implementing an impact portfolio.
Since 2015, Phenix Impact Database has been tracking the allocation of capital to impact investing. To date, €589 billion has been allocated to more than 2,600 impact investing funds.
With a backdrop of continuing economic, social and geopolitical challenges, exacerbated by wars, impact investing continued to regain ground in 2023 with the total number of funds in the Phenix Impact Database increasing by 16.7% since 2022, compared to a year-on-year growth of 11.4% for 2021 to 2022. Over the last three years, the database has seen more than 1,000 new funds enter, with 636 new launches. In 2023, there were 153 new launches mapped. Meanwhile in 2023, total committed capital grew by €50 billion, a growth rate of 9.3%, compared to 13% for the previous year.
Learn more by downloading the full report now.
Report Highlights:
Discover data from Phenix Capital’s Impact Database, the database of impact investments and impact funds worldwide.
About Phenix Capital Group
Phenix Capital Group is an impact investment consultant that enables institutional investors to make impact investments. Founded in 2012, the company has been dedicated to building a solid knowledge base of the impact investing industry, educating asset owners, and catalysing institutional capital to impact investing.
About the Impact Database
Phenix Capital Group’s Impact Database provides investors with access to and intelligence on the impact fund market opportunities available to them. The Phenix Capital’s Impact Database has been tracking the allocation of capital to impact investing since 2015, and now includes new data sets of outcome-based investable themes mapped against the Sustainable Development Goals (SDGs).
The Impact Database includes a detailed overview of more than 2,200 impact funds. Three main variables are used to construct, monitor and update the dataset: 1) funds considered to have an impact proposition; 2) institutional scale, and 3) target market-rate returns.
For more information or interview requests, please contact our team at info@phenixcapitalgroup.com or call + 31 20 240 27 31.
If you would like to receive updates on the latest publications, impact events and product developments, sign up for our monthly newsletter. This will not affect your receiving of the Phenix Capital Group’s press releases.