RESEARCH

On December 12, 2018, the Impact Capital Managers and Tideline released a new white paper entitled The Alpha in Impact: How operating with an impact objective can add value for investors. The report is based on Tideline’s analysis of nearly 30 financial transactions from ICM-member investment portfolios. The analysis uncovered 10 unique drivers of “impact alpha,” defined as the ways in which operating with an impact objective can enhance or add financial value for fund managers, investors, and the firms in which they invest.