Impact investing

For impact investing to do good, it has to provide a company with more capital than it would have otherwise received. This condition is easier to meet when the investment is *concessionary*concessionary (sacrifices some level of financial return against the market rate) or occurs in a private market where other investors are unable or unwilling to invest.^[1]

Impact investing is the practice of investing in for-profit companies with the intention of generating to generate
both financial returns and social impact. The theory is that impact
investing can increase the capital available to a company, allowing it
to generatecreate more positive social outcomes than would otherwise have 
occurred.

For impact investing to do good, it has to provide a company with more
capital than it would have otherwise received. This condition is often difficult unlesseasier
to meet when the investment is concessionary (sacrifices*concessionary* (sacrifices some level of
financial return against the market rate), or takes placeoccurs in a private market which
where other investors are unable or unwilling to invest in.invest.^[1]

For impact investing to do good, it has to provide a company with more capital than it would have otherwise received. This is often difficult unless the investment is concessionary (sacrifices some level of financial return against the market rate), or takes place in a private market which other investors are unable or unwilling to invest in (Brest & Born 2013).in.^[1]

BibliographyFurther reading

Brest, Paul & Kelly Born (2013) When can impact investing create real impact?, Stanford Social Innovation Review, vol. 11, pp. 22–31.
Lays out the conditions under which impact investing can make a difference.

1. ^{^}

   Brest, Paul & Kelly Born (2013) When can impact investing create real impact?, Stanford Social Innovation Review, vol. 11, pp. 22–31.

Hillebrandt, Hauke & John Halstead (2018) Impact Investing Report, Founder'sFounders Pledge.

Hillebrandt, Hauke & John Halstead (2018) [ImpactImpact Investing Report] https://founderspledge.com/research/fp-impact-investingReport, Founder's Pledge

Hillebrandt, Hauke & John Halstead (2018) [Impact Investing Report] (https://founderspledge.com/research/fp-impact-investing) Founder's Pledge

Hillebrandt, Hauke & John Halstead (2018) [Impact Investing Report] (https://founderspledge.com/research/fp-impact-investing) Founder's Pledge

For impact investing to do good, it has to provide a company with more capital than it would have otherwise received. This is often difficult unless the investment is concessionary (sacrifices some level of financial return against the market rate), or takes place in a private market which other investors are unable or unwilling to invest in (Brest & Born 2015)2013).

Further readingBibliography

Brest, Paul & Kelly Born. 2015.Born (2013) When can impact investing create real impact?, Stanford social innovation review.Social Innovation Review, vol. 11, pp. 22–31.
Lays out the conditions under which impact investing can make a difference.

Karnofsky, Holden. 2009.Holden (2009) Acumen Fund and social enterprise investment.investment, GiveWell, November 25.
GiveWell’s shallow investigation into impact investing.