Impact Institute is thrilled to announce that we have partnered up with Wire Group in assessing and reporting the impact of Wire Private Markets Fund (WPMF). Together, we will develop, test and roll out an impact assessment and reporting methodology, building on the Guide for Funders to Assess and Value Impact, that is just right for the fund but can also be applied more broadly in the impact investing sector.
WPMF will invest in an internationally diversified portfolio of the best impact funds that contribute to regeneration of natural and human capital while generating an attractive financial return. WPMF has been established by Wire Group, which has been active in impact investing since 2010. WPMF has announced that they aim to achieve an Impact Multiple of Money (IMM) of (at least) 2 by the end of the fund’s term. As a first step, we are working together with WPMF to develop a Protocol for assessing and reporting the impact of WMPF, to be able to track progress toward the achievement of that goal.
Statement from Adrian de Groot Ruiz, Executive Director Impact Institute: ”We very much look forward to working with WPMF and Wire Group to take the next step towards an “impact economy” in which the positive as well as the negative impact of companies will be integrated into the reporting set. We embrace WPMF’s ambition to detail the net social impact of its underlying investments.”
Statement from Michiel Lenstra, Partner at Wire Group: “Impact Institute is a logical partner for Wire Group, given the fact that we share a very similar vision and mission. Furthermore, they have the intellectual rigor coupled with the practical experience to help us calculate the human and natural capital created by WPMF’s investments in a robust manner.”