This research was published more than 5 years ago, some information may be out of date.
The GIIN released Impact Investing Private Equity Fund Industry: Legal Considerations, a valuable ready reference that outlines legal issues for investors and advisors to consider when investing in impact investing funds. The brief, authored by the legal team at Clifford Chance and supported by experts at the International Senior Lawyers Project, focuses particularly on U.S. law and private equity fund regulation.
From the Brief:
"This briefing and related content relates to issues for both investors in and sponsors of impact investment funds when negotiating the terms of making an investment in an impact investment fund. The impact investing sector is highly varied, incorporating various asset classes and instruments, investors and investment vehicles based in numerous jurisdictions globally, as well as investors of varying types, from foundations to pension funds to DFIs. The focus of this brief is on investors in private equity funds. While the issues raised for consideration may be pertinent to many fund investors and fund sponsors throughout the impact investment sector, this brief primarily references concerns for U.S.-based investors and fund sponsors, and focuses specifically on U.S. regulations of private funds."
