Category: Reports

How are Latin American families aligning capital with values?

This 2023 report offers an inside look at how high-net-worth families across the region are engaging with impact investing. Based on data from surveyed families managing a collective $1.2 billion in impact investments, the findings show strong motivation to address local social and environmental challenges, particularly in areas such as education, environmental conservation, and health. While impact currently represents a modest share of total family wealth, the interest is growing: families reported plans to increase their impact allocations by 29% in 2023 alone.

Yet even among committed families, challenges persist. The report highlights barriers such as limited access to quality impact deals, a shortage of experienced impact-focused wealth managers, and the need to professionalize internal investment structures further. Despite these hurdles, momentum is building. Many families are prioritizing next-gen engagement and viewing impact investing as a way to diversify portfolios while remaining true to their values. This report provides both a snapshot and a roadmap for those seeking to deepen their role in shaping a more inclusive and sustainable future across Latin America.

Find the Spanish version of this report here.

Be on the lookout for the 2025 version of this report to be published soon!

How do we align financial incentives with impact outcomes?

As the impact investing industry matures, the conversation is shifting from why to how, and few questions are as important as how to ensure incentives reinforce impact. This groundbreaking report explores Impact-Linked Compensation (ILC), the practice of tying fund manager compensation to social and environmental performance. Drawing on extensive research, including input from over 200 organizations and interviews with 38 GPs, LPs, and intermediaries, this guide provides practical design options, a flexible decision-making framework, and candid insights from practitioners who are pioneering ILC across geographies, sectors, and fund types.

This is a joint report by The Impact and Universität Zürich, maps ultra-high net worth (UHNW) families’ interests and activities in impact investing, revealing a gap between desired and actual investments, particularly in Education and Agriculture and Food, while also highlighting the impact of COVID-19 in increasing motivation for impact investing. It proposes financial intermediaries improve their impact investment offerings and suggests families plan to increase their impact investment allocation significantly over the next ten years.

This report analyzes the gap between ultra-high net worth (UHNW) families’ interests and their actual impact investment activities, revealing significant unmet demand in sectors like Agriculture and Food and Water, particularly in the US and global markets.

It highlights dissatisfaction with advisors lacking impact investing expertise and proposes that intermediaries develop more specialized strategies and improve deal flow and due diligence. The report also indicates a growing trend towards increasing impact investment allocations over the next ten years.

Water is a finite natural resource unlike any other. It is required for life itself and sustains almost
every natural and industrial process on the planet. Increasing volatility in water quality and
quantity present evolving risks for the planet and for humanity. Addressing the local and global
challenges that reduced water dependability and declining water quality pose will require trillions
of dollars of new investment. Private capital must play a role in developing, implementing, and
scaling solutions to water problems. The universe of available water investments is still nascent,

creating opportunities for early movers motivated to create impact. Families are uniquely posi-
tioned as catalysts and leaders in the water investments market. Families can deploy solutions-oriented, patient capital across asset classes to deliver impact alongside financial return. This primer maps water investment opportunities and provides several inspiring examples of how families are
actively investing to address local and global water challenges.

This report was a joint project with CREO Syndicate

This report provides a framework for families engaging in impact investing, emphasizing aligning investments with values to generate measurable social and environmental returns alongside financial ones. It outlines various approaches across asset classes, sectors, and geographies, proposing a seven-phase process for families to strategize and optimize their impact investment efforts. The report stresses the diversity of opportunities and advocates for strategies tailored to family objectives.

This report introduces impact investing for families, defining it as aiming for both financial returns and measurable social/environmental impact, and explores various motivations and approaches families take. It outlines a seven-phase framework for families to explore, strategize, and optimize their impact investment efforts across different asset classes, sectors, and geographies, while emphasizing the diversity of opportunities and return profiles within the market. The guide highlights strategies such as “carve out,” “integration,” and “all-in” for implementing impact investing within family enterprises.

What does it take to build an impact investing ecosystem in an emerging market?

This report explores how Brazil’s social inequality, environmental urgency, and philanthropic tradition are creating momentum for values-aligned investing. With an expanding middle class and a rising number of family enterprises exploring new financial tools, the report captures the early architecture of Brazil’s impact ecosystem, from mission-driven businesses to collaborative investment funds.

While the opportunity is clear, the report also candidly addresses Brazil’s unique challenges: political and economic volatility, geographic concentration of capital, and a still-developing track record for financial returns. Yet Brazilian families are leading with creativity and conviction, operating impact-focused businesses, seeding funds, supporting social entrepreneurs, and building networks of trust. With deep dives into high-potential sectors like education, healthcare, and environmental preservation, this report provides practical entry points, strategies, and examples for families ready to lead with impact in Brazil.

This report explores the impact investing landscape in Brazil, focusing on the role of families in driving this movement. It details the history and current state of impact investing in the country, highlighting opportunities in sectors like education, health, and environmental preservation.

The report also examines the challenges and trends within the market, while showcasing various approaches families are taking through business operations, fund investments, and philanthropic efforts to advance social and environmental good.