All Diagnostics

Purpose Erosion

Is Our Impact Fund Drifting?

Answer these five questions to assess whether your impact investment fund is experiencing mission erosion across its lifecycle.

In fund reports, are financial returns mentioned before or given more prominence than mission impact?

Have your impact metrics been simplified or replaced with easier-to-measure proxies over the fund lifecycle?

Is there pressure to show exits or returns on timescales shorter than your portfolio companies need to achieve mission outcomes?

Has the voice of intended beneficiaries in fund governance decreased relative to investor voice over time?

Have any mission protection clauses in your fund documents been modified to allow more 'flexibility'?

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