Abstract
This chapter presented impact-oriented funds from many prospective: definition, mission, investment strategy, the literature, state of the industry, risks, challenges, drivers for success, and case studies. This overview permits a first investigation of lack of literature on impact funds. The definition of impact-funds mission and investment strategy are still ambiguous; thus, the chapter tries to adapt the OECD (Social impact investment. Building the evidence base, Paris, 2015) definition of social impact investment to impact-oriented funds and provides a firsthand classification of impact-oriented funds split into three categories: commercial impact-oriented funds, non-commercial impact-oriented funds, and quasi-commercial impact-oriented funds.
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Chiappini, H. (2017). Impact-Oriented Investment Funds: An Overview. In: Social Impact Funds. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-55260-6_3
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DOI: https://doi.org/10.1007/978-3-319-55260-6_3
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