Principles and Practice of Impact Investing

VERONICA VECCHI and MANUELA BRUSONI are Professors of Public Management and Policy at Bocconi University; where STEFANO CASELLI is Full Professor of Banking and Finance. LUCIANO BALBO is Founder and Chairman of Oltre Venture.

Preface

Doug Miller



Part 1: Impact investing: what, who, how



1. Impact investments: the emergence of a new beacon in investing?

Harry Hummels (GIIN &Maastricht UNI)



2. The early days of impact investing: market size, investment type and returns

J. Tansey, Jana Svedova and Alfonso Cuyegkeng, Sauder Business School



3. Early attempts at benchmarking impact investments

Alessandro Lanteri, Hult International Business School



Part 2: Perspectives on impact investing



4. Impact investing as a societal refocus of venture capital: the perspective of mature economies.

Veronica Vecchi, Francesca Casalini, Stefano Caselli, SDA Bocconi School of Management



5. Measuring impact: a debate about the concepts of profit and value

Uli Grabenwarter, European Investment Fund



6. The future of impact investing

Luciano Balbo, Oltre Venture



Part 3: Before and beyond impact investing



7. Social enterprises

Federica Bandini, University of Bologna



8. From philanthropy to venture philanthropy

Lisa Hehenberger, ESADE Business School and European Venture Philanthropy Association, Priscilla Boiardi and Alessia Gianoncelli, European Venture Philanthropy Association



9. Public-private collaborations for social impact creation

Niccolò Cusumano, Veronica Vecchi and Manuela Brusconi, SDA Bocconi School of Management



10. The science of shared value: integrating business and social analytics

Paul MacMillan and Alison Sproat, Deloitte



11. Innovating for impact investing: financial institutions and beyond

Helen Toxopeus, Karen Maas and Kellie Liket, Rotterdam University



Part 4: Impact investing in practice: experiences from the point of view of the operators



12. The development of an impact-driven portfolio

Emilie Goodall, Bridges Ventures



13. Social impact from giving to investing

UBS team



14. Creating the ecosystem for impact investing

Aditi Shrivastava and Usha Ganesh, Intellecap



15. Leveraging the ecosystem for growth: case studies from India

Aditi Shrivastava, Intellecap



16. Pioneer to mainstream: lessons from the Indian impact investing ecosystem

Usha Ganesh, Intellecap



17. Impact investing in Central America: an analysis of the growth, diversity and potential of a young investment strategy in an emerging market

Alvaro Salas and William Nielsen, The Democracy Lab, Luis Castro, Mesoamerica Investments



18. Impact investing in Africa

Emanuele Santi and Laura Sennett, African Development Bank



About the contributors