Impact Investing Slowed to a Crawl in 2nd Quarter
By Bruce Rule
Impact investing’s decline accelerated in the second quarter, as the twin blows of COVID-19 and social protests hit the sector in different ways.
Total second-quarter investments dropped 81% to $398.8 million from $2.1 billion a year ago, and totaled less than one-sixth of the $2.57 billion first-quarter capital invested, according to PitchBook data. The quarter was the worst in at least a decade, according to PitchBook.
The number of second-quarter deals fell to 25 from 65 a year ago, and slid from 46 in the first quarter. The decline accelerated from the first quarter’s bad news.
Photo courtesy of Lorenzo.