Document summary
This report presents the findings of the fifth annual impact investor survey conducted by The Global Impact Investing Network (GIIN) and J.P. Morgan. The survey maintained core questions on investor activity and perspectives, and also included additional specific topics such as loss protection, technical assistance, impact management and measurement, and exits.
146 investors answered the survey. These comprise fund managers (57%) and asset owners (foundations 18%, diversified financial institutions/banks 7% and development finance institutions (5%). 78% of the respondents have headquarters in developed markets. 48% of current assets under management (AUM) are in emerging markets even though 90% of the capital is managed by investors with headquarters in developed markets. Just over half of the sample (55%) targets 'competitive, market rate returns', with the remainder of the sample split between 'below market rate returns: closer to market rate' (27%) and 'below market rate returns: closer to capital preservation' (18%). Respondents collectively manage a total of USD 60bn in impact investments today, 35% of which is proprietary capital and 65% managed on behalf of clients. Respondents report having committed USD 10.6bn in 2014 and intends to invest 16% more – USD 12.2bn – in 2015.