Why impact investment could soon be a trillion-dollar industry
Monday, April 14, 2014
Aspiriant manages around $8 billion (£4.8 billion) and serves families with $1.5m (£900,000) in investable assets upwards. Over the last 24-36 months, Kenning says the firm has noticed an upward trend in the number of clients asking about impact investment opportunities and to be educated on the rapidly growing sector.
A relatively young form of investment, impact investors seek to have impact across a double bottom line – delivering both financial returns and social good. While the concept of investing for social good has been around for decades, it is only in recent years that the term ‘impact investment’ has emerged. The market has seen accelerated growth, with large financial players like Deutsche Bank, UBS and Goldman Sachs all interested.
“Impact investing is a way of putting money with purpose and driving your mission in a for-profit manner that could have far greater capabilities than in a traditional non-profit grant manner”, Kenning explains.