1.1 THE OPPORTUNITY
Grant funding is contracting while impact capital has tripled since 2019
5 min
Objective
Understand why the opportunity has moved.
USD 1,571bn
Global impact investing assets under management in 2024
3.1x
Growth since 2019
-7.1%
Official development assistance in 2024
-9 to -17%
Further fall projected for 2025
The money has not disappeared. The opportunity has moved into instruments that expect evidence and, sometimes, a return.
Key takeaways
- Every instrument in this course exists to remove a specific barrier, and the barrier is usually evidence, payment, risk or scale.