The first edition of the PAIF survey paints the most comprehensive analysis on the impact fund ecosystem, with a focus on private asset strategies targeting emerging and frontier markets.

The report captures over two-thirds of this market estimated at USD 33 billion, and sheds light on the business model of private asset impact funds (PAIFs), including their balance sheet structure, investment instruments, investee type, geography of investments, investor composition, risk, return and impact performance. The study also offers multi-year analysis on microfinance funds, dating back to 2006.