Global Impact Investing Network

Impact investing is pretty darn big now.

Uh, the GIIN, the Global Impact Investing Network, uh, estimates each year the size of the assets under management, the AUM, of impact investing.

And for the most recent y- year of data, which I believe came out in 2025, that estimate was 1.6 trillion US dollars managed by almost 4,000 investing organizations.

That's a very big number.

Do you trust, and why do you trust these folks to be the ones to realize that impact and those returns? So I just wanted to set the table there.

So you talked about, you know, impact investing having a criticism as not being able to return market rate returns.

So what's interesting is, you know, we talked about the GIIN earlier, the Global Impact Investing Network, and their annual survey of hundreds of, of impact investment capital managers.

And interestingly, 89% of the assets under management by those who responded to this survey are targeting risk-adjusted market rate returns.

We coined the phrase impact investing in 2007.

We launched the Global Impact Investing Network in 2009.

And it's been an interesting

ride.

Inertia.

Okay.

What do you know now about impact investing that you wish you had known in 2009 when you co-founded the Global Impact Investing Network?

Inertia.

So I think it's important to be upfront about this rather than just cheerleading.

I think one of the leading industry reports that you see is the Global Impact Investment Network, the JINS report.

state of the markets that indicate return satisfaction from investors as well as general return results based off of fund targets.

And there are some funds that specifically target market rate returns and some funds that target below market rate returns.