New Private Equity Impact Fund Report
Phenix Capital Group has today released its Impact Report: Private Equity Funds at a Glance. The report finds that between 2015 and 2023, €158 billion has been committed to private equity funds tracked by Phenix Capital’s Impact Funds Database. Private equity funds which are currently open for investments are targeting a total of €84 billion. Additionally, the number of private equity impact funds in the Phenix Impact Database has grown by 191%, more than trebling to 1,258, since 2015.
Private equity continues to be the most popular asset class for impact investing with 48% of the impact fund database dedicated to this strategy, marginally down from 54% last year. The themes of funds in the database reflect the UN’s Sustainable Development Goals (SDGs) with SDG3: Good Health & Wellbeing, appearing as the most popular theme with both fund managers and investors. For this reason, this month we have a dedicated thematic deep dive into private equity impact investing specifically focusing on the multi-trillion dollar healthcare sector.
Next to the insights and analytics provided by Phenix Capital's Impact Fund Database, the report also features interviews with Mediterrania Capital Partners, a Sub Saharan Africa specialist, one of whose core areas of investment focus is healthcare and Philips Foundation, whose mission is to reduce healthcare inequality by providing access to quality healthcare for disadvantaged communities.
“After a career in Europe and US Private Equity, I wanted to create an organization with a strong sense of purpose acting with social and economic impact across the countries we invest in.” Said Albert Alsina, Founder & CEO, Mediterriana Capital Partners
“We firmly believe that equity in healthcare cannot be achieved if we leave people dependent on donations and charity, knowing there is no consistent donor base,” says Margot Cooijmans, Director of Philips Foundation Impact Investments. “So, after a few years, we decided to spend our limited annual budget more efficiently so that it could truly make impact, and, we wanted to align the activities with the new focus of Philips as a healthcare technology company.”
SDG9: Industry, Innovation and Infrastructure was the second most popular SDG with private equity funds (435). We saw investing in advanced technologies, lower carbon emissions and increased mobile broadband access. SDG2: Zero hunger is a key SDG for 426 funds. It remains a top three theme, closely linked to food security as a global risk.
There are currently 1258 private equity impact funds from 604 different fund managers tracked on Impact Database. Out of these, 382 funds from 334 organisations are currently open for investments.
Download the full report here.
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.
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