The impact investment industry, which focuses on firms with a positive social impact, stands at a crossroads. Following the swift growth of microfinance, the most mature of impact investment sectors, the burgeoning asset class is emerging within venture capital. The funds dedicated to social enterprise investment contain capital commitments and networks exist to leverage expertise and opportunities, so why has progress been slow? A lack of metrics to measure returns. Amy King reports.
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US