It is not often that an investment idea starts off by recognising that it is aimed at a very select group of people. ‘Impact investing' is one such idea.
It takes a very special type of investor to participate in impact investment and usually quite a rich one. For many people of means, their wealth has been split between investments in traditional financial instruments and philanthropy. Impact investment offers a third alternative. Impact investment is an investment that places capital in businesses that seek a financial return that is often based on the degree of social or environmental impact that subsequently results. Perhaps the best way to describe it is by means of an example. The Peterborough Social Impact Bond raised money from...
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