Impact Investing in Sports and Healthcare: problems and trends in measurement

Open Access

Table 2.

The existing approaches to assessing the effectiveness of impact investing.

Authors of methodology	Measures of financial performance
Cambridge Associates (CA) and the GIIN	Internal Rate of Return (IRR) net of fees at fund level (pooled, quartile distributions, by fund size and geographic focus) Total value to paid‐in multiples Distribution to paid‐in multiples
Wharton Social Impact Initiative (WSII)	Pooled gross IRR relative to Russell Microcap/Russell 2000 index and S&P 500 index
McKinsey & Company	Gross IRR from exited investments (full and partial exits) by sector and deal size
Symbiotics	Net IRR Yield Total expense ratios
Impact Investing Australia	Gross IRR
EngagedXandtheSocial Investment Research Council	Gross IRR Write‐off ratio
Boston Consulting Group (BCG)	Gross IRR Write‐off ratio

Source: based on [14]

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